Abstract AMA peaq - NyxCarbon

(from my medium Story)

https://x.com/peaqnetwork/status/1801267936071495805

Background of James and Brittany:

• James:representing the peaq network. He is engaged in discussions about innovative technologies and projects within the Web3 ecosystem.
• Brittany: the founder of NyxCarbon, has a long-standing interest in Web3 technology dating back to 2015. She has a background in environmental services and sustainability, which she leverages in her current role to promote investment in carbon removal and ecosystem restoration solutions.

Introduction to NyxCarbon:

James introduces NyxCarbon, a platform that leverages AI and Web3 technology to enhance risk assessments and streamline the granting of loans tied to sustainability. The aim is to unlock over one trillion dollars in sustainable financing commitments to help the world adapt to climate change.

Mission of NyxCarbon:

Brittany explains that their mission is to facilitate investment in carbon removal and ecosystem restoration solutions. The platform is designed to provide access to financing, such as small business loans, to companies engaged in environmental services.

Functioning of the Carbon Credit Market:

Companies that provide carbon removal or ecosystem restoration services monetize these services through carbon credits or environmental credits. These credits are essential due to regulations requiring companies to report and reduce their emissions.

Verification Process and Use of Web3 Technology:

The verification of carbon credits is conducted using data from IoT sensors and other ground truthing techniques. NyxCarbon uses Web3 technology to ensure transparency and link these verification data to smart loan contracts.

Impact on the Industry and Community:

NyxCarbon’s platform has the potential to transform the industry by facilitating access to financing for companies performing environmental services. This can include community banks and other financial institutions that wish to support these initiatives.

Benefits of Transparency and Automation:

The automation and transparency provided by NyxCarbon’s smart contracts ensure that loan contract terms are fulfilled and that there is clarity on the use and impact of the funds.

AMA Highlights:

• James and Brittany discuss the transformative impact of their platform on the broader industry and sector. Brittany emphasizes the goal of making it possible for anyone to contribute to carbon markets and receive value for their environmental efforts.
• They discuss the potential for NyxCarbon to expand beyond carbon credits to other environmental credits and sustainable agricultural products, such as avocados grown with sustainable practices.
• Brittany elaborates on the core function of the platform, including the ability to make in-kind payments with environmental credits, such as commodity swaps in supply chain finance.

Community Engagement and Support:

James encourages the audience to support NyxCarbon by visiting their website, joining their Discord, and connecting with Brittany on LinkedIn. He emphasizes the importance of community support for the success of projects building in the peaq system.

Conclusion and Invitation for Further Engagement:

The AMA session concludes with Brittany inviting interested individuals and companies to get involved with NyxCarbon by applying on their website and staying informed through their newsletter and social media channels.

In summary, NyxCarbon aims to enable a sustainable financial market through the use of AI and Web3 technologies, facilitating access to financing for carbon removal and ecosystem restoration projects, and ensuring transparency and verification of these projects.