• Chimpzee has launched a new wildlife conservation ecosystem that uses blockchain and NFTs to improve efficiency and transparency.
• Traditional wildlife initiatives lack transparency and engagement, leading to the rapid decline of plants and animals worldwide.
• To mitigate climate change, forests must be expanded and preserved – but people often don’t take action due to distant threats.
Chimpzee has launched a new wildlife conservation ecosystem that makes use of blockchain and NFTs (non-fungible tokens) in order to increase efficiency and transparency. 10% of its token supply will be allocated to organizations dedicated to the mission, while holders of Chimpzee NFT Passports can benefit from additional rewards. However, traditional wildlife initiatives are lacking in terms of transparency and engagement, leading to the rapid decline of plants and animals worldwide due to human activities. In order for us to mitigate climate change, forests must be expanded and preserved – but people often don’t take action due to distant threats.
The Need for Wildlife Conservation
Forests are responsible for the absorption of about 2.6 billion tonnes of carbon dioxide each year – which is equivalent to one-third of that emitted by fossil fuel consumption – making preservation a key factor in mitigating climate change. The World Economic Forum reported that around one million animal and plant species are at risk of extinction due to human activities, while NOAA’s 2021 Annual Climate Report revealed an average global land and ocean temperature rise by 0.08 degrees Celsius every decade since 1880.
How Chimpzee’s Model Will Help
Chimpzee’s model incentivizes people with Chimpzee NFT Passports, which have both collectible value as well as passive income potential from CHMPZ coins they generate while doing their part in conserving wildlife or taking part in any climate action initiative associated with the project. It also allows users to create personalized NFT Passports with commercial rights associated with them too!
Traditional Wildlife Initiatives‘ Limitations
Traditional wildlife initiatives fail when it comes maintaining transparency or accountability; instead they focus on collecting donations without providing feedback or evidence on how money is being used or spent effectively on respective projects they undertake or support financially. This prevents donors from seeing direct results from their contributions towards conservation efforts; hence lack of motivation leads them not contributing more actively towards it either financially or through volunteering services as well as other forms participation too!
Chimpzee’s model is an effective solution against traditional wildlife initiatives‘ limitations that prevent people from actively taking part in conservation efforts; it provides incentives such as collectible value, passive income potential from CHMPZ coins generated along with personalised rights attached towards ownership via individualised NFT passports! All this coupled together makes sure there is no lack motivation among those who wish contribute meaningfully towards this cause – ultimately helping us all preserving our planet earth better than before!