The interior pitch deck of Open Forest Protocol (OFP) surfaced on Reddit. OFP, a pioneering undertaking on the NEAR Protocol, affords a novel perspective on the potential trajectory of NEAR’s development.
OFP is poised to revolutionize the voluntary carbon market, presently valued at round $2 billion USD. Projections point out a possible surge to $50 billion USD by 2050. The undertaking leverages open-source expertise to introduce ‘real-world property’ associated to carbon sequestration and a ‘new asset class’ signifying a quantifiable quantity of captured carbon. The final word objective? Establishing OFP as a trusted supply for inexpensive, high-quality carbon credit.
Slide 5 from the leaked deck highlights the distinct benefits OFP holds over typical verification strategies. Open-source initiatives like OFP are gaining momentum. The OFP Explorer, as talked about within the doc, affords a clear snapshot of every undertaking’s standing throughout the community. Slide 10 reveals OFP’s outstanding market match, contemplating it has been operational for simply seven months. With a undertaking pipeline 20 instances its present dimension, OFP’s affect is anticipated to develop considerably.
OFP’s strategy to carbon credit is noteworthy. These credit, historically considered as commodities by regulators, are transitioning from an off-chain, analog format to an on-chain digital one. This not solely simplifies regulatory disruptions however might additionally grow to be a tax income supply for governments.
Whereas particular group names stay undisclosed, Slide 13 hints at potential collaborations with main companions. Present OFP initiatives are forecasted to generate practically $4 million in protocol charges throughout the subsequent two years. The emphasis on forest initiatives signifies a possible for this income to recur yearly.
Moreover, the complete ‘on-chain’ nature of those credit ensures compatibility with DeFi markets and liquidity swimming pools. If the leaked deck holds true, OFP would possibly emerge as one of many first revenue-positive ReFi initiatives, doubtlessly producing an estimated $200m USD yearly for the ecosystem and over $12m in yearly charges.
As an early enterprise within the NEAR ecosystem, OFP is strategically positioned to contribute to NEAR’s development, each when it comes to ReFi capabilities and liquidity enhancements. Regardless of being operational for a mere seven months, OFP has gained vital traction with a undertaking pipeline 20 instances its current dimension, signaling a strong market match. The undertaking’s carbon credit are absolutely ‘on-chain,’ making them appropriate with decentralized finance (DeFi) markets. They’re additionally categorised as commodities by regulators, facilitating a clean transition to Open Net infrastructure. Leaked slides trace at upcoming main partnerships that might additional amplify OFP’s worth and make it a pioneering, revenue-positive ReFi undertaking.
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