Green nfts

Changing perceptions of what an NFT can be

There is a common misconception that NFTs are bad for the environment. While in certain cases this is true, not all NFTs are created equal.

The Al Goanna NFTs are one of the early NFT series minted on the Algorand Blockchain. While blockchains such as Bitcoin and Ethereum rely on energy intensive mining to secure their networks, Algorand uses a pure proof of stake protocol. This allows it to operate with an incredibly low energy consumption. In fact it is one of the worlds first carbon negative blockchains.

NFTs can be minted on Algorand, quickly, cheaply and most importantly with very low energy inputs, making them amongst the greenest in the world.

Inspired by Algorand’s carbon negative approach the Al Goanna NFT series also gives back to the environment. Their example has helped to inspire other projects to contribute positively to the environment and to bring awareness to the unique properties of the Algorand blockchain, which make it the perfect platform for creating NFTs.                       

They established a partnership with Australian organization Carbon Neutral and have so far contributed to the planting of over 30,000 trees and shrubs. These tree’s will be planted within the Yarra Yarra Biodervisity Corridor in South Western Australia and protected by covenant for at least 100 years.

As part of the ongoing legacy of the Al Goanna project and in honor of Gilbert, we have teamed up with Al Goanna to expand the network of tree planting projects so we are able to support additional initiatives around the globe and increase our impact.

They established a partnership with Australian organization Carbon Neutral and have so far contributed to the planting of over 30,000 trees and shrubs. These tree’s will be planted within the Yarra Yarra Biodervisity Corridor in South Western Australia and protected by covenant for at least 100 years.

As part of the ongoing legacy of the Al Goanna project and in honor of Gilbert, we have teamed up with Al Goanna to expand the network of tree planting projects so we are able to support additional initiatives around the globe and increase our impact.