Artists and designers Paul Seidler and Paul Kolling are two of the team members who have been working on a framework whereby a forest is able to sell licences to log its own trees through automated processes, smart contracts and blockchain technology. In doing so, the forest accumulates capital. They tell us it creates “a shift from valorization through third parties to a self-utilization that makes it possible for the forest to procure its real exchange value, and eventually buy itself.”
Two years after the initial launch, the project continues to provoke numerous discussions around the topics of crypto governance, smart contracts, economics and questions regarding representations of natural systems – all of which we can delve into with you next week. In the meantime, you can check out where Terra0 has been mentioned in articles by Forbes, Wired, and MoneyLab.
Thanks to crypto collectibles such as CryptoKitties, new token standards have been established, and now the team is launching a new iteration of their project, implementing the ERC-721 token standard to focus on tokenizing natural assets.
This is mind-boggingly interesting. We can’t wait for this one, and to share it all with you! The event is free and open to the public, so just come along to our studio at Paul-Lincke-Ufer 39/40 on Tuesday, May 15. Doors open at 8:30am for coffee and networking, and the talk will take place from 9 – 10am.