ecoBridge and Regen Network aim to expedite sustainability initiatives by facilitating integration of ecological assets and ecocredits across web3 and weaving regenerative finance into the fabric of the blockchain industry. The integration of $REGEN will provide a unified governance framework, making ecoBridge’s ecoLedger a transparent and community-driven platform that can power the future of ReFi.

“We are thrilled to be joining forces with Regen Network. Regen has been our longest-standing partner and a group I have admired since entering the ReFi space in 2021. I believe that the best solution to our planet’s environmental challenges is to make it economical for localized impact to scale globally. With Regen lowering the barrier to entry for credit creation and ecoBridge enabling those credits to reach any possible use case, I am confident that together we can make it more economically viable to act in the best interests of our environment over extraction. And now, with a unified governance structure, I believe more than ever that we can achieve this.” said James Bettauer, CEO of ecoBridge.

Creating a Vertically Integrated ReFi Ecosystem

This partnership brings together two powerful platforms in the ReFi space, each contributing unique strengths:

ecoBridge offers cross-chain infrastructure and aggregation capabilities, enabling ecocredits to be distributed across any blockchain. ecoBridge’s unique ability to make credits available simultaneously across any marketplace and on any blockchain eliminates the problem of fragmented liquidity. This approach ensures maximum visibility and demand for every credit issued, while providing a verifiable layer of credit transactions across blockchains that can be seen at scan.ecotoken.earth.

Regen Network has established itself as a trusted leader in ecological asset issuance and verification, setting high standards for transparency and sustainability. Regen enables a bottom-up approach to global regeneration by empowering individual project developers and lowering the barriers to entry while maintaining high levels of verification through a dedicated community and on-chain data protocols.

By integrating $REGEN token for governance and posting ecoLedger data to the Regen Ledger, ecoBridge is ensuring that the ecoLedger and CCEP protocol will be governed by a committed community aligned with Regen’s mission to regenerate ecosystems globally. Together, this will enable web3 credits to be embedded into the very fabric of blockchains and decentralized applications, ultimately fostering a more regenerative and sustainable future.

Regen Network aims to be the source of verified, high integrity ecocredits for all of web3. With this ecoBridge partnership, we vastly expand exposure to innovative ecological repair projects that provides the blockchain industry with web3 native ecological assets and provides our project developers and land stewards a critical new avenue for supporting their proven ecological repair.”– David Fortson, Chief Growth Officer, Regen Network Development

Regen Network and ecoBridge’s partnership has already supported substantial sales to Solana Foundation in service to offsetting the carbon footprint of Solana. Further, Regen Network’s ecocredits are experiencing demand from the likes of F1 Mercedes, Alto Planos Tequila, philanthropists and others.

With this announcement also comes the introduction of Blinks. As part of our commitment to ease of access, users can now purchase biodiversity credits/units directly on X (formerly Twitter) with just one click. This seamless integration provides full on-chain verification, ensuring transparency in every transaction. Soon, other types of credits will be available via Blinks, with payment accepted in almost any SPL token. Looking ahead, Blinks will expand to other social media platforms, including Discord and Reddit, further simplifying the credit purchase process across the web.

For more information, please contact:

admin@ecotoken.earth or david@regen.network

The blockchain industry has been perceived to be indifferent to sustainability and environmental health due to its compute power requirements and related energy consumption. In recent years, the tide has shifted as web3 has started to take responsibility for its ecological footprint. The Solana Foundation, a non-profit foundation dedicated to the decentralization, adoption, and security of the Solana network, has positioned itself as an industry leader in not only taking responsibility for its carbon footprint but also going beyond in 2024 to make investments in protecting biodiversity.

The Solana Foundation has worked closely with Regen Network — a web3 platform for the origination of ecological credits and verified ecological impact — to source high integrity carbon and biodiversity credits. The Solana Foundation selected two major credit class types for their purchase — City Forest Credits and Terrasos Biodiversity Units.

City Forest Credits protect and reforest urban treescapes in the United States. Through avoided emissions and carbon removal, these carbon credits invest in city forests around the United States which also provide valuable co-benefits for biodiversity, water quality and air quality.

Terrasos Biodiversity Units (Tebu’s) protect and restore 10 square meters of critical rainforest in Colombia for a period of 30 years. Tebu’s are some of the first enterprise grade, performance based biodiversity credits, Terrasos is pioneering the Habitat Bank model that offers permanent contributions to biodiversity ensuring that sensitive habitat for species like pumas, spectacled bears, and yellow eared parrots are protected and restored.

Solana Foundation’s head of strategy Austin Federa stated, “At the Solana Foundation, we have a deep commitment to environmental responsibility. The network maintains carbon neutrality, and the Solana Foundation has worked with Regen Network and ecoBridge to purchase biodiversity credits that push the boundaries of sustainability and enhance our environmental efforts.”

Regen Network Developments’ Gregory Landua said, “While Regen Network brings verified ecological impact for all of web3, it is the Solana Foundation who continues to exhibit visionary leadership by not just doing the bare minimum for the environment, but pushes the envelope to be model ecological stewards.”

What makes this entire transaction unique is that Solana Foundation was able to purchase native, web3 tokenized ecocredits from Regen Network via ecoBridge — a cross chain protocol allowing for seamless verification and retirement of ecocredits across blockchains. This purchase allows for full traceability and transparency for the purchase and retirement of ecocredits.

James Bettauer from ecoBridge said, “We are thrilled to continue working with these exceptional organizations, facilitating native offsets directly on Solana. Our goal is to make environmental impact more accessible than ever, inspiring others to follow the leadership of the Solana Foundation. We are also excited to incorporate biodiversity credits, which we believe hold massive potential for positive environmental impact. Together, we are making strides towards a more sustainable future.”

It is now easier than ever to offset emissions or contribute to Biodiversity. See # to have an impact with any SPL token in seconds and receive NFT Impact Verification.

Transactions can be verified here: https://scan.ecotoken.earth/

https://medium.com/regen-network/regen-network-and-ecotoken-support-solana-foundation-in-maintaining-carbon-neutrality-9c24118de87b

Unified Approach for Environmental Stewardship

The CCEP standardizes the recording, verifying, and displaying of transactions related to environmental credits across multiple blockchains. It aims to ensure the integrity of environmental tokens from issuance to retirement, creating a reliable and transparent system for all participants. Acting as a bridge between diverse blockchain ecosystems, CCEP facilitates the secure transfer and retirement of carbon credits, encapsulating comprehensive carbon credit management, cross-chain interactions, and user engagement within a decentralized framework.

Comprehensive Protocol Components

Cross-Chain Communication Layer: This layer enables the seamless transfer of environmental credit data across diverse blockchain networks. It ensures that credits from both on-chain and off-chain registries can be tracked, retired, and audited, providing composability regardless of the origin. Key components include APIs, Smart Contracts, Oracles, and the ecoLedger itself, facilitating bridging, minting, and retirement services.

Stewardship Layer: A robust system that meticulously tracks the journey of each carbon credit from its on-chain creation through to its retirement. This layer provides a transparent and verifiable trail for stakeholders, ensuring that every step in the life of a credit is immutably recorded. It supports functions such as auditing, impact verification, and includes features like leaderboards and rewards. The main components involved are blockchain registries and off-chain registries, all integrated through the ecoLedger.

Innovation Layer: Currently this layer is permissioned, the ecoBridge DApp utilizes this layer for its marketplace and other use cases. Eventually this layer will be open and extensible, allowing third parties to build on its foundation. It enables smooth interaction with ecoLedger and supports transactions in cryptocurrencies or fiat. The focus is on fostering the development of diverse applications and use cases by external developers, enhancing innovation in the ecosystem. An example of what can be built is our marketplace at app.ecotoken.earth

The diagram on the right is a visual representation of the process. Credits from a registry would utilize CCEP and make credits available to the ecoLedger; various applications across multiple chains can tap into the Innovation Layer for easy access to ecoCredits made available in the marketplace and applications will be able to build using the Innovation Layer.

Who Benefits from CCEP?

Credit Issuers: Entities responsible for the creation and issuance of environmental credits, crucial for introducing new credits into the market.

Credit Holders: Individuals or organizations that manage, retire, or transfer credits within the ecoLedger system.

Marketplaces and Applications: Platforms that sell credits across various blockchains, now able to tap into ecoLedger credits for broader access and liquidity.

Invitation to Join the Green Revolution

As CCEP powered by ecoLedger goes live, we warmly invite you to explore its capabilities and join us in this transformative journey toward sustainable global ecosystems. Your involvement represents an active contribution to a future where blockchain technology and environmental stewardship converge. For builders looking to incorporate ecoCredits into their platform or credit providers to move assets across chain, please reach out to support@ecotoken.earth

Discover the full potential of CCEP and join us at this pivotal moment in environmental blockchain innovation. Visit ecotoken.earth to learn how you can contribute to and benefit from a cleaner, more accountable world. Let’s embark on this journey together, paving the way for a greener tomorrow.

We’re pleased to share that ecoBridge has been awarded a $15,000 grant from Covalent, a blockchain company also located in British Columbia. This grant is an acknowledgment of ecoBridge’s commitment to sustainability and innovation.

What Covalent does to Power ecoBridge Today

Covalent’s APIs are integral to our project, offering high-quality data and analytics tools. These resources enable us to read blockchain data across multiple chains to monitor and track ecoCredit activity, estimate blockchain emissions, and verify assets like NFTs, carbon credits, and more. 

How This Grant Will Help Further ecoBridge

The grant will be strategically utilized to develop new features for ecoBridge, expand our reach to more blockchain networks, and enhance our overall impact on environmental sustainability.

We appreciate Covalent’s support and look forward to using this grant to advance our mission of making environmental impacts economically sustainable. 

The offset purchase by Solana Foundation was split between different types of credits and projects: City Forest credits in the United States, and REDD+ credits in Colombia, at the Mataven Forest Unified indigenous Reserve Project. The on chain offsets from these projects were independently verified by Regen Network, and involve both preservation of existing forests, and planting of new trees or reforesting depleted areas. Issued with the purchase of carbon offsets from ecoBridge’s platform was an NFT Impact Certificate, verifying proof of offset and providing cross chain carbon credit retirement. ecoBridge’s NFT Impact Certificates forge a link between Solana and Regen Ledger for credit retirement, marking the first time that carbon offsets have been retired from Solana on the Regen Network. Solana’s offset purchase marks a unique use case in the world of regenerative finance (ReFi) for cross chain impact verification.

“We hope the Solana Foundation’s efforts will inspire other blockchain networks and projects to take similar steps towards measuring their emissions and building a more regenerative on chain community.”

Solana Foundation

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Acquiring an NFT Impact Certificate through ecoBridge’s platform is simple and user-friendly. Users can select an environmental project they wish to support on the ecoBridge platform, offset their environmental impact, and receive an NFT Impact Certificate as proof of their contribution. Here’s a simple guide to the process:

• Users visit www.ecotoken.earth and log in with their Solana wallet and select a project they want to support.
• Users fill in details on who is credited with offsetting emissions and choose the number of credits to retire.
• Users pay for credits in USDC or SOL and confirm the transaction, which retires the credits on Regen Network and mints an NFT on Solana with the retirement hash from Regen Ledger embedded into the NFT as proof of offset. 

The NFT Impact Certificate includes essential details such as the number of credits purchased, project name and location, producer of the credits, the user who retired the credits, date retired, and the Credit ID number for batch identification. Each NFT Impact Certificate also contains metadata that includes the transaction hash of credit retirement, ensuring transparency and accountability. 

“Solana has been a true leader of blockchains in terms of both sustainability and their support of ReFi. This reaffirms their dedication not only to environmental sustainability, but also to nurturing the evolution of blockchain-based businesses with an ecological focus. Because of Solana’s support, there is a rapidly expanding ReFi movement taking place, one that we are incredibly proud to be a part of.”

James Bettauer, CEO of ecoBridge

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Project Overview

Current septic water treatment methods struggle with semisolid separation and the disposal of treated water. At the septic waste disposal facility in Florida, the septic wastewater is treated with lime before it is shipped 60 miles and sprayed on agricultural fields in a neighbouring state with less restrictive water polices. The transport of this water produces excess carbon emissions, and the water degrades the field’s soil, adversely affecting agriculture. 

A Sustainable Solution 

Our partner, NOAH Solutions, is a leading player in water treatment technology. NOAH’s dehumidification system fits in a 40×40 foot container unit and can process an impressive 150,000 gallons of water per day. Allowing for 100% of the septic wastewater to be treated on site. By adopting this technology, 92% of treated water (with PPM below 70) will be fit for reintroduction into Florida’s public water system. 

This eliminates the transport need, reduces harmful mineral seepage into agricultural land, and offers a viable solution for the remaining 8% of solid waste, which after sterilization, is suitable as fertilizer. 

Conceptualizing Water Credit Generation 

Emerging from this initiative is the concept of Water Credits. With the collaboration between WaterDAO, who verifies the credits, and ecoBridge, who oversees the project management, the water credit methodology classifies water into three tiers:

1. Potable Water: Meeting consumption standards with total dissolved solids (TDS) less than 400 ppm.
2. Agriculture: Suitable for farming, with TDS under 700 ppm.
3. Industrial: Water of any TDS with a pre-approved buyer or application.

Water credits are issued on the Regen Ledger when healthy water is added to the local supply. The different tiers indicate what the treated water can be used for. The quality of the water is verified using a special grading system that looks at how healthy the water is and the applications for the treated water. Qualified experts from the WaterDAO are responsible for grading the water. They are selected based on qualifications and their proximity to where the water is treated.  

Each Water Credit proves that the treated water is extra – that it wouldn’t have been added to the local water system without treatment. It shows that the water is healthier than before, it’s being reused and recycled locally, and there is a detailed report on how the water treatment helps the local water supply. 

A Water Credit can exist in two states: active and retired. An active credit can be transferred, traded, or sold. Once it’s used to offset water, it becomes retired. Meaning, it cannot be used again, and its details are saved on Regen’s ledger. Water credits will be tokenized via the Regen Network operating in the COSMOS ecosystem, with both Regen and WaterDAO certifying them. The importance of blockchain in this equation cannot be overstated. Housing this data on-chain ensures that it remains tamper-proof, trustworthy, and verifiable. Furthermore, it promises finality, eliminating the possibility of double counting and allowing for a retirement transaction on Regen. 

Environmental Milestones 

Among the chief environmental benefits of this pilot project are:

• Air Quality: An avoidance in carbon emissions, estimated to reduce 800 tonnes of carbon per year. 

• Water Quality: Remediation of septic water, reduction in TDS, sterilization of the water. 

• Healthy Soils: Soil enrichment through added nutrients, phosphorus reduction, and removal of heavy metals, pathogens, and other pollutants. 

The collaboration with our partners, NOAH Solutions and WaterDAO, has created more than just a pilot project. It’s an aspiration for a future where water can be made healthy, reclaimed, and bolster local water supplies. The technology and innovation behind the pilot make sustainability for water treatment and water credit generation scalable. We are proud to be working on a water remediation project that combines human ingenuity and a commitment to a greener future. 

From the article: “Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources.”

Full article: Blockchain’s positive impact on sustainable development: Solana Breakpoint

ecoBridge’s platform operates as a bridge between ecocredit producing projects and environmentally conscious corporations and individuals who are passionate about contributing to sustainable environmental endeavours. With the creation of ecoBridge’s ecoNFT Impact Certificates (ecoNFTs), ecoBridge has connected Solana and Regen Ledger with NFT verified credit retirement. This marks the first time Regen credits can be retired on Solana.

Through the ecoBridge platform, users can select an environmental project they wish to support, the amount of credits to retire on the Regen Network, pay for credits in USDC or SOL, and mint their ecoNFT on Solana with the embedded transaction hash and full details of their carbon credit purchase. Users simply need to visit ecoBridge’s platform, login with their Solana wallet, and select a project of their choice to support.

Here’s a simple guide to the process:

• Users visit www.ecotoken.earth and log in with their Solana wallet and select a project they want to support.
• Users fill in details on who is credited with offsetting emissions and choose the number of credits to retire.
• Users pay for credits in USDC or SOL and confirm the transaction, which retires the credits on Regen Network and mints an NFT on Solana with the retirement hash from Regen Ledger embedded into the NFT as proof of offset.

The ecoNFT Impact Certificate includes essential details such as the number of credits purchased, project name and location, producer of the credits, the user who retired the credits, date retired, and the Credit ID number for batch identification. Each ecoNFT also contains metadata that includes the transaction hash of credit retirement, ensuring transparency and accountability.

The platform currently hosts an array of projects from Regen Network, and will also serve as the main platform for retiring water credits when they become available. Offsets from Regen Network feature a diverse collection of fully on-chain City Forest Credits, REDD+ credits, NCT basketed credits, and soon, natively blockchain credits from Regen Registry. ecoBridge’s platform is designed to grow and evolve, continually welcoming new environmental projects and collaborating with project developers who already have a methodology in place. Additionally, ecoBridge’s team will at a future date, work hand-in-hand with developers to create methodologies for future environmental projects, ensuring a continuous pipeline of innovative environmental solutions.

With the launch of our platform, we invite you to be a part of this journey to support decentralized grassroots environmental innovation. Join us in fostering a symbiotic relationship between technology and nature, creating lasting impacts, and setting new standards for environmental stewardship. Together, we can drive change and redefine the future of sustainability.