💡Solution
Every once in a while, a new technology, an old problem and a big idea turn into an innovation.
Solving capital inefficiency
An agile business model powered by blockchain technology improves the problem of capital inefficiency by reducing admin costs, creating rewarding fundraising opportunities and meeting timely environmental targets.
Ethereum—a community-run technology that powers the cryptocurrency Ether (ETH)—facilitates Planet Capital's business model of reducing admin costs, fundraising and rewarding its collective.
When using blockchain technology there are no third parties involved—no bank fees and no platform fees. Using software and online mediums also means no offices—no rent and no leases. With a skeleton team, the labour costs are also reduced—in short, no large admin costs.
NFTs and web3
NFTs are a crucial part of this model. We invite you to understand what they are on https://ethereum.org/en/nft/. NFTs can have many different use-cases. The main one we will work with is NFTs as digital collectibles.
NFT collections emit a shocking number of CO2 emissions in the planet's atmosphere. There are various ways to solve this problem. But very few that the NFT culture and web3 community will get behind. As most of the trading volume lives on Ethereum, PC will target this blockchain and direct the attention of its users to an environmentally-friendly culture.
By educating the web3 community trading on Ethereum, PC makes them aware of the problem and invites them to be part of the solution. Education is one our most important values and will be developed in the form of educational articles and visual messages through our social mediums.
Solving carbon cost
Blockchain technology is still in its infancy. One of the main setbacks is Ethereum's carbon cost:
It costs roughly 61kWh to process the transaction to mint 1 NFT.
That equals to 50kg of CO2.
Which translates to watching Youtube for 400 days!
A standard collection is about 10,000 NFTs.
That equals to 500T of CO2.
Which translates to watching Youtube for 11000 years!!
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