Nemus Earth is a company that issues Non-Fungible Tokens (NFTs) that it claims will help save the Amazon rainforest. The company’s website explains how this is supposed to work: “Nemus acquires at-risk land in the rainforest and creates a series of collectible NFTs, each tied to a unique geolocation within the land. A portion of sales from NFTs pays for operations and the purchase of the land, while the remaining proceeds are stored in the Nemus Treasury. With the help of the Nemus DAO, the Treasury then funds economic and social activity on the land.”
Brilliant description of The New Colonialism at work. Wonder of Wonders - a new Value to extract from (someone else's) land! Indigenous people? Cultures? Ancestral lands? Biodiversity? Other people own it? No Matter - get out of the way, the Invisible Hand of the Market is here to take over and maybe (?) throw you some crumbs.
Brilliant description of The New Colonialism at work. Wonder of Wonders - a new Value to extract from (someone else's) land! Indigenous people? Cultures? Ancestral lands? Biodiversity? Other people own it? No Matter - get out of the way, the Invisible Hand of the Market is here to take over and maybe (?) throw you some crumbs.