• Chimpzee has launched a new wildlife conservation ecosystem that uses blockchain and NFTs to improve efficiency and transparency.
• Rapid climate change and human invasion of eco-sensitive areas are threatening the survival of many species around the world.
• Traditional wildlife initiatives lack transparency and engagement and are unable to keep up with mitigating climate change.
Chimpzee has launched a new wildlife conservation ecosystem that makes use of blockchain and NFTs to improve efficiency and transparency. It incentivizes people to participate in conservation and climate action initiatives with Chimpzee NFT Passports, which will not only have collectible value, but also give passive income to owners in CHMPZ coins. The project will allocate 10% of its token supply and a portion of the profits to organizations that are dedicated to the mission.
Threats To Wildlife Conservation
Rapid climate change and human invasion of eco-sensitive areas are threatening the survival of a broad array of species around the world. The rapid decline of plants and animals, on the other hand, is aggravating climate change. According to the NOAA’s 2021 Annual Climate Report, the average global land and ocean temperature has risen by 0.08 degrees Celsius every decade since 1880. And around one million animal and plant species are at risk of extinction due to human activities, as per reports from the World Economic Forum.
The Need For Wildlife Conservation
Wildlife conservation presents one of the essential answers to mitigating climate change as forests absorb about 2.6 billion tonnes of carbon dioxide, which is equivalent to one-third of that emitted by fossil fuel consumption each year . Expanding and preserving forest cover is thus vital for our future generations .
Limitations Of Traditional Initiatives
Traditional wildlife initiatives fail to recognize this need for urgent action against environmental degradation . In addition ,they face inherent limitations in maintaining transparency due their distance from those who are directly affected by it . This often prevents people from actively participating or contributing towards these causes .
Chimpzee provides an innovative solution wherein holders get rewarded with Chimpzee NFT Passports for actively participating in its conservation initiative . These passports not only have collectible value , but also provide passive income as they receive CHMPZ coins from time to time . In recognition for their financial support , holders can avail several benefits & rewards as well create personalized passes .