Today, we live in an age in which blockchain technology and cryptocurrencies are starting to mature well above and beyond the potential they promised over a decade ago in Bitcoin’s whitepaper. Networks like Ethereum and NEAR are blossoming fully-fledged ecosystems: we are now equipped with DeFi (decentralized finance), NFTs (non-fungible tokens), and DAOs (decentralized autonomous organization) to onboard the world onto Web3.
By building OFP on NEAR, we are leveraging the infrastructure and vision NEAR has for onboarding the first billion users onto a blockchain ecosystem. We are not only creating a technological solution for forestation data, but bringing the entire business of tree planting and conservation on-chain. What we envision goes far beyond tooling. Our ambition is to lay the grounds of a fully on-chain carbon economy: an entire ecosystem of financial products, marketplaces, artwork, and so on, derived from real forests and the carbon they sequester. We at OFP are determined to bring this future forward.