Single.Earth is developing a platform that tokenizes carbon and biodiversity credits using MERIT tokens. It plans to launch a marketplace for nature-backed MERIT tokens and build a "digital twin" of nature using satellite imagery and environmental data to model carbon absorption and biodiversity. The company proposes to mint one MERIT token for every 100 kg of CO2 sequestered in a specific forest or biodiverse area; tokens can be traded, used to compensate CO2 footprints, or retired to contribute to climate goals. Because tokens are recorded on a blockchain, payments to landowners would be immediate and traceable. The team says it aims to tap a large carbon-credit market (estimated >$50 billion by 2030) and the large crypto market, and will use the seed funding to launch its marketplace. Single.Earth was co-founded in 2019 by CEO Merit Valdsalu and CTO Andrus Aaslaid.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2021