C3 aims to integrate the existing voluntary carbon markets with the emerging Web3-enabled ReFi economy.
The voluntary carbon markets represent one of the most accessible and impactful ways for all of society, from individuals to corporates, to participate in climate action. However, the current structure of the voluntary carbon markets is characterised by stark inefficiencies and opacity that curtail its impact.
By providing trusted infrastructure that connects these markets, we can leverage the transparency and liquidity of the markets on the open web, and pass on the benefits to the legacy markets.
Acting now to improve the systems that enable these two markets to integrate is imperative.
The growth in demand from Web3 protocols to source tokenised carbon tonnes has already disrupted the status quo. In the future the open web will be the home of the carbon markets – achieving this will deliver the benefits of efficiency, transparency and disintermediation to carbon project developers, and their customers.
It is this prioritisation of public goods, over all else, that has inspired C3.
C3 does not play a role in the development and accreditation of carbon projects; instead it has created the infrastructure that transparently and efficiently enables the bridging of carbon projects that have been developed and accredited, into DeFi.
At the core of C3 is the carbon bridge which enables existing assets to take their position On-chain. Underpinning the bridge is:
- An intuitive interface for all market participants to access.
- Tokenomics that assist in the development in ReFi.
- And a native burn functionality for those who require it.
Our objective is to leverage the robustness of existing carbon supply, and expose it to the growth opportunities available through DeFi.