For 2023, we expect further adaptations by private investors and especially companies from the Web 3.0 sector.
With Polygon and Algorand, the first large ecosystem providers have started to offset their historical carbon footprint. At the same time, we will also see more and more established companies doing blockchain-based offsetting, following pioneers like Shopify or Bayer.
In order to do so, a better data basis and corresponding comparison possibilities still need to be created. Furthermore, the underlying technology must move more into the background. From our perspective, blockchain-based offsetting must be possible without its own wallet and the bypass via decentralised exchanges inorder to establish mass adoption.
Simultaneously, we will witness an increasing number of other ESG-related and blockchain-based projects. There are already 350+ projects worldwide on topics such as biodiversity, circular economy, green mobility, trustworthy donations, project finance, supply chain traceability, green currencies and other payment solutions, as well as renewable energy.
Tokenized CO2 certificates are just the beginning.