Can Doodles be first GREEN project on Ethereum?

With great power comes great responsibility!

A huge congratulations to all of us in becoming one of the most sought after projects in whole NFT community. We are getting attention from almost every big-shot in the industry & there are folks selling their BAYC/punks to go all-in to Doodles. We account success of Doodles to all the right ingredients in right proportion ranging from art, team to community.

Being leaders in NFT space, there also comes a moral & social responsibility. We are aware of critics, every now & then, criticising blockchains due to their environmental impact by carbon emissions and Greenhouse gases. We generally turn deaf ears to their arguments or counter it by stating how blockchain is gonna change the world economy as a whole.

However, bitter truth is, the problem is real and grave. To give you a rough idea, every successful transaction on Ethereum blockchain emits ~100kg of carbon in the environment & electricity consumed by it could have powered a US household for 8 days ( https://digiconomist.net/ethereum-energy-consumption ). There are proposals for a brighter future with POS and other optimisations but a lot of emissions have been done already and ‘A LOT’ are yet to be done. If we look at solely our project, we have emitted ~3000 tonnes of Carbon in the environment so far. To counter the environmental impact, the least we can do at this stage is to nullify carbon emissions by promoting carbon preserving projects (renewable energy, solar, bio-mass etc) & afforestation.

VCS (voluntary carbon standard) is one such mechanism to achieve it. Almost every big company/MNC emitting carbon nullifies the impact by retiring equivalent VCS in the carbon registries ( http://www.perillon.com/blog/12-companies-that-are-buying-carbon-offsets) . We can start doing similar activities as part of BSR (Blockchain Social Responsibility I call it) for on-chain projects.

Prima-facie, the responsibility to make particular project/smart contract green lies with project’s founders and communities. Doodles community can setup a benchmark in the industry by becoming first GREEN project on Ethereum blockchain.

How can we achieve that? There are certain carbon credit tokens already trading on-chain which can be utilised to achieve the same. Doing it in a decentralised first manner, we need to create a smart contract which takes input of these carbon credits and ‘burns’ them against particular project (Doodle in our case). Also, creating dashboards on top of that will help us in tracking emissions, green % and other metrics for projects.

So here I’m doing my bit for environment preservation and proposing to take pledge (not any money) from community if I should work on this and if Doodle community is gonna support to become 1st GREEN PROJECT by nullifying the carbon emissions?

Wanna discuss more? Hit me up @cryptonoob#4807

Thanks for reading through all of this. More power to Doodlers!