Amazon in NFTs? Understand the negotiation of virtual forest lots for “guardians”

One of the report published by Vice (*), explains that – through Nemus – a global community of “guardians” is investing in sustainable projects through the purchase of non-fungible tokens (NFTs), aiming to promote sustainable economic activities that guarantee protection and productivity within the Amazon for future generations.

The company acquires threatened land in the forest and creates a series of NFTs collectibles, each tied to a unique geolocation within the land.

How NFTs work and what makes them so valuable

The metaverse, in addition to bringing to discussion common aspects of human life that can be reproduced in the virtual environment, has also provoked curiosity about the economy of this new reality. The term NFT, for example, is something that arouses a lot of curiosity among internet users . Especially when global personalities started investing money in it. But do you know what NFT means?

According to the publication, the company intends to acquire more than 40 thousand hectares of forest and form a kind of “protective belt”, spreading across the states of Acre, Amazonas and Pará. This will be a natural barrier that could transform local deforesters into protectors , offering them economic alternatives.

A Nemus, however, has faced several obstacles. These include extensive bureaucracy, poorly designed land ownership regulations, and government backlash. indigenous communities locals who are claiming part of the land the company is trying to acquire as their own. 

According to the report, “the communities filed a complaint with the Federal Public Ministry (MPF), which recommended that the Nemus stop selling land-based NFTs and follow international requirements to consult with indigenous peoples.”

Despite not having finalized the purchase of any land, the Nemus has already sold 1.500 NFTs.

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A post shared by Nemus (@nemus.earth)

Curto curation:

• MPF activates company that sells digital assets (NFTs) from areas of the Amazon (MPF);
• MPF activates company that sells NFTs from areas of the Amazon to prove property titles (G1);
• Supposed areas of a company that sells NFTs in the Amazon are deforested (FSP 🚥).

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(🇬🇧): content in English

(*): content in other languages ​​is translated by Google Tradutor