We at the Blockchain Founders Group are excited to announce the latest addition to our investment track record through investment in NRverse. NRverse brings renewable energy onto the metaverse and aims to decarbonize NFT, metaverse events, and other crypto transactions by linking them to (tokenized) high-quality renewable energy certificates.
Why we invested in NRverse
The web3 space saw significant growth in 2021. Various applications such as NFTs and metaverses attracted a lot of attention, with a total transaction value of NFTs amounting to more than $1.5 billion according to Messari. Intel also reaffirmed this statement, saying that this demand will further increase up to 1000 times today’s capacity, which translates into higher energy consumption required to process all the transactions.
One of the solutions to offset the huge amount of energy required to process these transactions is by purchasing renewable energy certificates. Unfortunately, access to these certificates is very limited to the general public. Further, the entry barrier to purchasing such certificates is quite high due to minimum purchase requirements, hence, only the big players can afford to buy into this field. These problems made it difficult for web3 users who have high interest and a great sense of sustainability to participate in web3 space sustainably.
NRverse aims to bring renewable energies into web3
NRverse solves one of the most pressing issues for web3 users as well as web3 companies by digitalizing the decarbonization process of NFT, metaverse events, and crypto transactions. The NRverse formula essentially links renewable energy certificate providers with different web3 applications and puts them on-chain. NRverse lowers the entry barrier by tokenizing renewable energy certificates and transforming them into NFTs. This allows users to not only participate directly in decarbonization but also be actively involved in various web3 projects sustainably. And the best thing is that every single NFT would act as a proof of linkage from carbon emissions to the exact carbon certificate.
Here is how NRverse will make it easier for users to decarbonize their web3 activities:
NRverse calculates the amount of energy spent for various web3 projects and translates it into equivalent electricity required.
NRverse’s platform bridges the gap between renewable energy certificate providers and various web3 projects.
NRverse tokenizes the energy certificates and converts them into individual NFTs that could act as proof for users who participate in a sustainable web3 project.
Take a look at how NRverse aims to digitalize the decarbonization process on the blockchain:
NRverse modules to digitalize decarbonizing process.
The team behind NRverse has extensive knowledge in blockchain, energy, and digitalization strategy. Loïc Tilman, the co-founder, is an experienced consultant and has worked for various strategy consulting and energy trading companies. Kai Schmied, the co-founder, has been involved in multiple blockchain and energy-related projects. Both co-founders have been in web3 since 2017 and are well-equipped to transform the decarbonization process through blockchain. Learn more about NRverse on their Website and LinkedIn.
BFG Blockchain Founders Group is a company builder and early-stage venture capital investor. Our team comprises academic and regulatory drivers of the blockchain economy, serial entrepreneurs, and venture capitalists. We love to work with outstanding entrepreneurial talents and bring to bear the full support of our network to make them succeed. Follow us on LinkedIn, Medium, or Twitter.
About BFG Superstars Program
The BFG Superstars Program is a crypto incubation program for pre-seed ideas and a place for blockchain talents and co-founders to meet and launch crypto startups in 2 to 3 months. Each cohort will launch 5+ crypto startups with different blockchain-based solutions. At the end of the program, selected startups will receive funding amounting to $60,000. Find more information about the program here.