Stocks, bonds, real estate, cryptocurrency, and now NFTs.
The investment world is rapidly evolving, introducing better and way more lucrative options for people. As the world today is amidst a digital revolution, it is not surprising that it is also pushing the investment sector into the digital landscape. 2008 marked the rise of crypto, but today, Non-Fungible Tokens are all the world is raving about, and it is perfectly justified. From digital artwork, GIFs, to even Tweets, everything digital is an asset, and creating an NFT adds value to them. The fact that a tweet by Jack Dorsey, the co-founder and now the former CEO of Twitter, was sold for $2.9 million as an NFT tells a lot about the potential this form of investment holds.
NFTs are acquiring much popularity globally. Even those who had no idea what crypto was are taking a keen interest in it. Considering the present scenario, there are countless platforms that offer minting capabilities and serve as marketplaces, mostly operating on the Ethereum blockchain. While these platforms allow users to enjoy a return on investment, two factors make many skeptical of stepping into this sector; high gas fees and the negative carbon impact. Taking these factors into consideration, Sparkles has introduced an NFT marketplace that allows technology and climate positivity to exist in a sweet symbiosis.
Usually, the tech revolution is referred to as a deterrent to the earth. Many environmentalists believe cryptocurrencies and NFTs are negatively impacting the environment. But this is what Sparkles is changing, proving to the world that technology and climate positivity can definitely co-exist.
The Switch to Flare and Songbird Network
As the world undergoes a drastic climate change, more people are looking for ways to cut down their carbon footprints. Sparkles offers them exactly that. Through this open NFT marketplace, they can enjoy the monetary benefits of embracing technology while ensuring a positive carbon impact when using the Sparkles marketplace.
This marketplace has taken the plunge and has disregarded the popular choice, the Ethereum blockchain, of NFT platforms and chosen the Flare network. The Flare network is one of the best options for all those conscious of the global climatic change as it uses the Federated Byzantine Agreement (FBA), which minimizes the energy intensive usage of computers or mining by utilising the much more energy efficient method of Flare’s consensus protocol
Achieving and Exceeding Goals
Where NFT minting platforms and marketplaces emerge intending to earn a considerable profit, Sparkles is changing the game. On one hand, where it is offering the users a convenient way to carry out NFT transactions, it is promising them a reduction in their carbon impact. The Sparkles marketplace was introduced on March 7, 2021, and in the same year, it became a Supporter and Signatory of the Crypto Climate Accord (CCA). This clearly shows that its commitment to the CCA is not merely an attempt to acquire the support of the masses but a result of genuine concern and values.
Initially, the company planned to become carbon neutral by 2030. But the company surprised the world. In less than a year, they were able to not only become carbon neutral but also become climate positive. The company proudly embraces the title of the first climate-positive entity on the Songbird Network. Not only this, Sparkles has become the first climate-positive NFT marketplace in the world.
The efforts of the company did not stop here. Sparkles joined hands with SCB, a low carbon commodity firm, and Toucan in an attempt to retire carbon credits on-chain. Its aggressive efforts to achieve the goal led them to become the first NFT marketplace to retire carbon credits on-chain.
Built by The Community, For The Community
Sparkles’ hard work and efforts perfectly align with its slogan, ‘built by the community, for the community.’ Besides helping people reduce their carbon footprint by functioning on Flare, this company is working tirelessly to make this world a better place. Last October, the company partnered with GiveWell, an independent non-profit organization. Along with this, it also collaborated with One Tree Planted and planted 9,999 trees.
Serving as the first open NFT marketplace, Sparkles has proved that it is true to its word within one year of its launch. Sparkles, a multi-chain and metaverse-enabled platform, is super simple to use and offers the users an easy way of carrying out NFT transactions. Apart from this, the company also launches programs such as Flare Realm NFT Benefit Initiative, letting people from the community make noticeable contributions to the platform. Its efforts and effectiveness did not go unnoticed, and Sparkles became a recipient of the Flare Network Grant and was also named ‘Champion’ of the 888 Flare Realm.
These achievements, features, and environment-friendly initiatives have attracted the masses to this platform. As of July 2022, over 40,000,000 $SGB has been traded on this marketplace. It is continually improving the platform, offering its users dynamic features. It also partnered with NetVRk, a blockchain-based metaverse, to develop and expand further into the metaverse.
Indeed, Sparkles is setting new standards in NFTs by convincing the world that technology and the environment can thrive together!
