SINRA White Paper
English
English
  • Summary
    • Catch Your Own Butterfly
    • Project Scheme
    • Regenerative NFTs
  • 1. Introduction
    • 1-1. Introduction
    • 1-2. The three distinctive features of SINRA
  • 2. Carbon credits derived from natural resources
    • 2-1. NBS（Nature Based Solution）
    • 2-2. Carbon credits
    • 2-3. Carbon credits and offsets
    • 2-4. Social Impacts
  • 3. Regenerative NFT
    • 3-1. Project scheme
    • 3-2. A Regenerative NFT with multifaceted value
  • 4. Carbon credits and their relationship to Regenerative NFTs
    • 4-1. State of Regenerative NFTs
    • 4-2. Rights that Regenerative NFT represent
    • 4-3. Flow of consolidation of carbon credits with Regenerative NFT
    • 4-4. Prevent double counting of carbon credits
    • 4-5. Why SINRA promotes the creation of carbon credits
  • 5. Specifications of SINRA's Regenerative NFT
    • 5-1. Purchase Unit
    • 5-2. Status and Art Drawing
    • 5-3. Year in which carbon credits are generated.
    • 5-4. NFT validity and expiration date
    • 5-5 Uncertainty in environmental value creation
    • 5-6. Traceability
    • 5-7. Offset
    • 5-8. Utility
    • 5-9. Secondary distribution
    • 5-10. Sustainability of Regenerative NFTs
  • 6. Architecture
    • 6-1. Architecture
    • 6-2. Information held by the SINRA system
    • 6-3. Information held by the CONTRACT
    • 6-4. metadata specification
    • 6-5. control panel
    • 6-6. Security measures for SINRA systems
  • 7. marketplace
    • 7-1. primary sale
    • 7-2. Price
    • 7-3. commission
    • 7-4. secondary sale
    • 7-5. carbon offset
  • 8. Advantages of owning Regenerative NFTs (individual and corporate)
    • 8-1. Personal Advantages
    • 8-2. Corporate Advantages
  • 9. governance
    • 9-1. Decisions on SINRA product development
    • 9-2. Community of Regenerative NFT Holders
  • 10. NFT Issuing Company
    • 10-1. Company Information
  • Appendix
    • reference document
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  1. 4. Carbon credits and their relationship to Regenerative NFTs

4-1. State of Regenerative NFTs

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Last updated 1 year ago

Through the issuance of Regenerative NFTs related to carbon credits like J-Credit, not only corporations within Japan but also individuals and international entities can indirectly invest in Japan's environmental value.

SINRA's Regenerative NFTs have two distinct states.

An "Certified Carbon Credit NFT" refers to an NFT that represents the right to request the transfer of carbon credits that have been certified by carbon credit certification authorities (like the Ministry of the Environment in the case of J-Credit). Users who hold an Authenticated Carbon Credit NFT have the right to request the transfer of the carbon credits represented by that specific NFT in the name of the holding user.

An "Uncertified Carbon Credit NFT" refers to an NFT that represents the right to request the transfer of carbon credits that are in a state of pending certification by the carbon credit certification authorities. After the NFT has been issued and circulated, if the carbon credits are subsequently certified, the status on the NFT's metadata is updated, turning it into an Authenticated Carbon Credit NFT.

Details on the NFT status and the behavior of the NFT can be found in Chapter 5.2.