XELS XELS Price 0.08685974

XELS has announced a new platform for minting carbon credits as non-fungible token, or NFTs. The XELS platform has carbon credits. One-of-a-kind digital assets that serve as proof of ownership are called NFTs. The XELS platform will benefit from the company's existing technology, which uses cutting-edge satellite imagery and artificial intelligence to map out and quantify the amount of carbon being mitigated by protected lands in Japan and Australia. One of the most powerful features of the XELS platform is the ability for projects to create an infinite amount of digital carbon credit NFTs in a single transaction. There is a This is a big deal for the NFT community. Decentralized applications can now track ownership of a large amount of NFTs. Carbon credits are a great use case for minting NFTs, which are secure and can't be duplicated. There is a Mint custom NFTs are Stake XELS to them. Users of the platform can deposit one XELS token per 10 tons of carbon in order to mint a custom carbon offset NFT equal to the amount of carbon they wish to sequester. The basis of the XELS Platfrom's consensus mechanism will be formed upon burning the offset-backed NFT. Future NFT marketplace. XELS will offer a platform for minting carbon offset NFTs, but will also introduce a marketplace where users can sell and trade them based on their individual needs.