NFTrees is a digital asset made by GainForest that stands for protection in the area.
The Gran Chaco region in Paraguay not only contains the second-largest forest in South America, but it also has one of the world’s highest deforestation rates. Therefore GainForest, with the help of drone data from Globhe, now uses smart AI tools that reverse deforestation and empower the local communities. GainForest, the decentralized fund that uses AI to measure and reward sustainable nature stewardship, is working together in the region with Globhe, the leading marketplace platform connecting drone operators and organizations that need high-quality data from anywhere in the world.
โWe are reversing the deforestation with a multi-layered digital approach that monitors, reports and verifies. Our top-of-the-line technology analyzes the image data to verify measurements taken by local communities on the ground and ensure no deforestation has happened,โ says Facundo Cajรฉn from GainForest.
How NFTrees make a difference
The Gran Chaco region in Paraguay is only one of many places where GainForest is working with its unique methodology to reverse deforestation, but it is an important one due to the high deforestation rate. GainForest has introduced NFTrees in the region, a digital asset representing conservation specific to this area. This gives conservationist donors a proof-of-impact certificate that is constantly updated with metadata that, in near real-time, shows the status of the forest.
โThe NFTrees are a transparent way of using unique digital assets to reward donors and enable them to keep track of their donations using data showing impact over time,โ says Facundo Cajรฉn at GainForest.
Joint effort
In Paraguay GainForest also works together with the country’s Ministry of Environment and Sustainable Development to empower, fund, and reward the local communities and promote the protection of the local forest. The drone data from Globhe plays a key role in monitoring tree cover and carbon capture and mapping large areas of land in the Gran Chaco region.
โThis enables GainForest to process and analyze the results using their state of art AI algorithms and bring attention and engagement to the critical issue of deforestation,โ says Yambot Aguilera, Client Delivery Associate at Globhe.
โWe are incredibly proud of our experienced drone operators who have done a nearly impossible job in collecting the data, as is often the case in hard-to-cover areas around the world,โ Aguilera says.
(India CSR)
