Blockchain could be the future of renewable energy and the next chapter in intelligent technology since the internet platform is assisting in the development of consumer-driven power generation.
Our energy supply, which historically relied on highly centralized systems, is gaining a new degree of sophistication as a result of this technology. The possibilities are limitless, and by enhancing efficiency, blockchain technology might also facilitate a significant reduction in carbon emissions.
Simply explained, a blockchain is a list of records that holds information securely. It employs virtual technology to decentralize information by recording it over a network of computers; there is no central body in charge of the system, but many people can utilize it. Blockchain logs data to prevent third-party manipulation.
Renewable Energy Token (RET) is a blockchain that takes the initiative to make renewable energy materialize.
The group is cognizant of the escalating disorder produced by the ongoing degradation of our environment. As a result, the creators committed to utilizing renewable energy, hence the name.
Turning Point for NFTs
Similar to blockchain technology, the energy necessary to manufacture, transport, and track NFTs, particularly those used in video games, poses environmental problems.
Numerous variables can affect the energy consumption of NFTs, yet a single NFT can produce more carbon dioxide than driving 500 miles (and every subsequent transfer of the NFT would generate incremental emissions).
In light of studies indicating that 66% of gamers are more willing to play socially and ecologically responsible games, it is obvious that game companies face a values-based as well as a business-driven dilemma when selecting whether and how to implement NFT marketplaces into their products.
Our society requires energy and electricity in particular to function. The 2021 Texas freeze, which left 4.5 million homes and businesses in the dark and caused 246 deaths, showed how vulnerable our systems are to power supply shortages.
There may be methods for the world to be more environment-friendly, thankfully.
Goals of RET
The RET team seeks to end this reliance on nonrenewable energy sources. Creating physical projects that utilize wind and solar energy is one of the group’s future objectives. Creating physical initiatives will benefit RET holders in addition to protecting the environment. The team’s main goal is to include RET holders in project income.
RET holders are consequently the company’s future shareholders. RET also creates a game to teach people about renewable power facilities. While playing an entertaining game, the player will make money by constructing a power plant and installing renewable energy equipment.
RET Token
RET token is a BEP-20 token that was built on the Binance Smart Chain network and is designed for the functionality and experience of all renewable energy enthusiasts. It allows individuals to engage in the building of environmentally friendly, renewable energy-based physical projects.
In addition, holders of the RET contribute to the proliferation of renewable energy and get its dividends.
You are permitted to invest your RET and get points. By investing in RET Farming, you will become an investor in the first RET physical project.
It appears like the team has more surprises in store for the next few days, especially now that the token has been officially released!
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