September 26, 2022

Biodiversity on OFP: This is the Plan

Biodiversity on OFP: This is the Plan

Why it is smart to start investing in the stock market?

Lorem ipsum dolor sit amet, consectetur adipiscing elit lobortis arcu enim urna adipiscing praesent velit viverra sit semper lorem eu cursus vel hendrerit elementum morbi curabitur etiam nibh justo, lorem aliquet donec sed sit mi dignissim at ante massa mattis.

  1. Neque sodales ut etiam sit amet nisl purus non tellus orci ac auctor
  2. Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
  3. Mauris commodo quis imperdiet massa tincidunt nunc pulvinar
  4. Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti

Should I be a trader to invest in the stock market?

Vitae congue eu consequat ac felis placerat vestibulum lectus mauris ultrices cursus sit amet dictum sit amet justo donec enim diam porttitor lacus luctus accumsan tortor posuere praesent tristique magna sit amet purus gravida quis blandit turpis.

Odio facilisis mauris sit amet massa vitae tortor.

What app should I use to invest in the stock market?

At risus viverra adipiscing at in tellus integer feugiat nisl pretium fusce id velit ut tortor sagittis orci a scelerisque purus semper eget at lectus urna duis convallis. porta nibh venenatis cras sed felis eget neque laoreet suspendisse interdum consectetur libero id faucibus nisl donec pretium vulputate sapien nec sagittis aliquam nunc lobortis mattis aliquam faucibus purus in.

  • Neque sodales ut etiam sit amet nisl purus non tellus orci ac auctor
  • Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
  • Mauris commodo quis imperdiet massa tincidunt nunc pulvinar
  • Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
Is it risky to invest in the stock market? If so, how much?

Nisi quis eleifend quam adipiscing vitae aliquet bibendum enim facilisis gravida neque. Velit euismod in pellentesque massa placerat volutpat lacus laoreet non curabitur gravida odio aenean sed adipiscing diam donec adipiscing tristique risus. amet est placerat in egestas erat imperdiet sed euismod nisi.

“Nisi quis eleifend quam adipiscing vitae aliquet bibendum enim facilisis gravida neque velit euismod in pellentesque massa placerat.”
Tell us if you are already investing in the stock market

Eget lorem dolor sed viverra ipsum nunc aliquet bibendum felis donec et odio pellentesque diam volutpat commodo sed egestas aliquam sem fringilla ut morbi tincidunt augue interdum velit euismod eu tincidunt tortor aliquam nulla facilisi aenean sed adipiscing diam donec adipiscing ut lectus arcu bibendum at varius vel pharetra nibh venenatis cras sed felis eget.

Biodiversity and Conservation is a massive topic (estimated around 1.2 billion hectares of land globally) in climate circles, with a lot of open questions looking forward: How can we standardize biodiversity credits? What nomenclature or underlying methodology can accommodate such a wide diversity of value? How can we think of the emergence of a global biodiversity credit market? Interest in the emerging biodiversity market has ranged from the United Nations to the World Economic Forum. The underlying interest in the topic is twofold: First, to create a systematic solution for reversing ecosystem destruction and preserving biodiversity in the coming century. Second, to compensate for environmentally destructive behavior in other areas and industries, by purchasing credits reflecting ecosystem preservation.

On Open Forest, we have a unique opportunity to be at the forefront of this emerging biodiversity credit market as well as whatever evolves beyond such a market (more on this below). However, getting this vertical right is extremely important for both scaling and incentivizing conservation in the coming decades. In simple terms, we need to carefully and comprehensively think through this process now so that biodiversity and conservation can thrive on OFP for the next 50+ years.

Here is a little roadmap for how OFP plans to attack Biodiversity credits:

  • Step 1: Start of the OFP Working Group for Biodiversity Credits (2–3 months). The working group will source perspectives from non-governmental organizations, international agencies, government stakeholders, indigenous communities, and existing climate tech builders. The goal of the working group is to come to an agreement on the criteria for issuing a biodiversity credit on OFP, and the different varieties of biodiversity credits therein.
  • Step 2: Launch of the Biodiversity Vertical (Q2 2023). After successfully developing the criteria for issuing biodiversity credits on OFP, the OFP team will move to build and implement the biodiversity vertical on the platform. This means that conservation projects can be onboard to OFP, validators are given access to data uploads, and biodiversity credits can be issued to the biodiversity projects uploading data onto the protocol.
  • Step 3: Scale up of biodiversity credits on OFP (2023–2030). With a robust and durable biodiversity vertical in the OFP ecosystem, the protocol becomes central to the scaling up of the biodiversity credit market — with fully transparent data and lifecycle information for each project involved. At scale, this market is expected to reach over 500 million dollars in the coming 10 years!
  • Step 4: Begin the Transition to the Biodiversity Bank (2030–2035). With a robust and scaling biodiversity credit ecosystem live on OFP, the macro and final move is to ground biodiversity and conservation land as the basis for a new system of value. This is the end game for biodiversity on OFP.
  • Step 5: Transition fully to making biodiversity the basis of value (2035+). Making biodiversity the new basis of value revolves around transitioning biodiversity credits from being a financial asset, to being the basis of finance (a store of value — a currency itself). This end game centers around the Greenback Biodiversity Bank (GBB) and a long-term plan to ‘flip the switch’ on how we as humans relate to nature and value. This goal is on a multi-decade to centuries long timeframe, and will largely force a new conversation on how we should relate to our environment on a species level.

The underlying belief of this roadmap is that any credit market is a temporary solution for re-imagining and re-inventing our relationship with nature and the value we derive from it. As projects of all sorts mature on Open Forest, the ultimate goal is to turn them into conservation projects. In this manner, a AR / IFM / AgroForestry / Mangrove project eventually grows into the biodiversity market — and ultimately, the basis of a new type of value. While we are only at the very beginning of this conversation, there is a large need for support, insight, and contributions from biodiversity experts and passionate environmentalists who care about this issue deeply!

To join the OFP Biodiversity Working Group please fill out the form here and we will be in touch!

Subscribe To Our Newsletter - Bnkly X Webflow Template

Get the freshest news

Sign up with your email address to receive fresh news and updates.

Thanks for joining our newsletter
Oops! Something went wrong while submitting the form.