Single.Earth was founded in 2019 by CEO Merit Valdsalu and CTO Andrus Aaslaid after winning the Garage48 Future of Wood hackathon with the project that proved that nature can be commercialized without being sold as raw material.
The rapidly-growing Single.Earth team, experienced in building scalable technology for Pipedrive and digital Estonia, is driven by the goal to switch from today’s economy that incentivizes nature destruction through business models that reward the extraction of raw materials to a new economy that supports the preservation of nature.
The company raised in July 2021 a seed funding round of $7.9 million. The investment round was led by EQT Ventures, with participation from existing investor Icebreaker and Ragnar Sass and Martin Henk, founders of Pipedrive.
Single.Earth tokenizes nature for its ecological value - carbon sequestration, storage, and biodiversity.
To enable tokenization and monitoring of natural assets, Single.Earth has created a digital twin of Earth. It combines satellite data, big data analysis, and machine learning to create a digital representation of how the world’s nature - and land added to the platform - sequesters carbon and holds biodiversity.
Single.Earth’s MERIT tokens pre-sale is scheduled to begin in the coming months. One MERIT token is generated every time 100 kilogrammes of CO2 is captured in biodiverse nature.
These tokens are issued to landowners who will be able to sell them on the Single.Earth marketplace. The tokens can be used as an investment instrument or for compensation for one’s ecological footprint.
Estonian company Single.Earth has raised millions of dollars to buy forests and wetlands, it said on Friday, aiming to tap into a rapidly growing carbon-offset market and public concern over the amount of logging in the country.go to article
Everyone wants to get paid for doing nothing. Novel venture capital group Single Earth has found just the right way for property owners to do exactly that.go to article
Here’s the theory: Instead of linking carbon and biodiversity credits to the sale of raw materials such as forests, which cause CO2, what if you linked them to crypto tokens, and thus kept these CO2-producing materials in the ground?go to article