CO2 Removal Bond Swap

Due to unforeseen circumstances, development setbacks, and MRV delays we were unable to distribute Carbon Removal Credits(CRC) to the current CO2 Removal Bonds on time. Because of that, and the rebranding process Carbonland Trust went through, holders of our first issue CO2 Removal Bonds(ERC1155 0x899E50Fa4c6395225b6414fb543e3782FE49D829) on Energy Web Chain will need to swap for new ERC721 NFTs.

ERC1155

If you are holding a CO2 Removal Bond you will need to swap it for a new version to receive future CRC distributions. In January 2023 a smart contract will go live for swapping the first issue “CO2 Removal Bonds”(ERC1155) NFTs for new “Contracts for Carbon Removal Credits”(ERC721) NFT.

ERC721

ERC721

Due to the fact that the first NFTs never delivered Carbon Removal Credits(CRC) to holders, because the pilot project MRV and legal costs went way over budget and timeline. Another reason for the swap is the old ERC1155 NFTs are not as easily accountable as ERC721 NFTs for distributions of CRC. Additionally, Carbonland Trust has gone through a major rebranding process so old NFTs don’t match the current organization logo.

Be ready

Stay up to date on when the swap contract goes live, fill out this form to get notified when you can swap.

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