Limenet leverages KlimaDAO’s innovative governance mechanism to fund and remove carbon dioxide from the atmosphere.
Dubai, United Arab Emirates, April 19 – rimenet – An Italy-based carbon dioxide removal (CDR) startup leveraged KlimaDAO’s innovative governance mechanism to fund high-impact sustainability projects to finance a pilot project in Italy.
KlimaDAO holds USDC, a blockchain-based stablecoin pegged to the U.S. dollar, and carbon credits. We deploy a community-driven decision-making process to allocate idle USDC to carbon projects, which are then distributed through blockchain-based infrastructure and strategic partners.
KlimaDAO’s governance process relies on community members, including a growing consortium of veteran industry players, to evaluate capital allocation activities and vote to ratify all decisions using a token voting system.
As the initial funder and first buyer of Limenet credits, KlimaDAO will receive 1,000 CDR credits to the Treasury. This marks the first issuance of technology-based carbon RWA on the blockchain. KlimaDAO plans to enable a market for these assets and list them exclusively. carbon mark – Strategic distribution partner.
Carbon dioxide removal credits are critical to sustainability strategies as they enable compensation for unavoidable emissions and align business practices with global climate goals. This process not only mitigates environmental impact, but also improves corporate reputation and compliance with increasing regulatory requirements.
Organizations like Limenet can leverage KlimaDAO funding to fund their plans as they attempt to scale up to meet the growing market demand for carbon removal.
You can pre-order Limenet Credits at: www.hub.carbonmark.com.
Andrew Bonneau, co-founder of KlimaDAO, said before appearing at the TOKEN2049 Dubai panel titled ‘Tokenization of Real World Assets: The Next Generation for Marketplaces’.
“This offtake agreement highlights KlimaDAO’s role as an early-stage influencer allocator. By facilitating the first direct air capture tokenization, we have the ability to revitalize the liquid ocean alkalinity enhancement credit market. Distributed ledger technology tracks the origin of these credits, dMRV data is viewable on-chain, and the market is accessible 24/7. “We are setting a new standard for environmental assets globally.”