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PLENO’s Nura Linggih on Web3’s Potential to Reshape Carbon Credit Landscape

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PLENO's Nura Linggih on Web3's Potential to Reshape Carbon Credit Landscape

The European Blockchain Convention interviewed the co-founder of PLENO, Nura Linggih, to discuss PLENO and the carbon credit market in the Web3 space.

Problems of the carbon credit market

The prevailing issues plaguing the current carbon credit market revolve around time, costs, and accuracy. The market lacks digitization, with a significant portion of the process still done manually. Moreover, the presence of numerous intermediaries in the ecosystem contributes to time-consuming procedures, with the typical duration for creating a carbon credit extending up to two years.

Within this landscape, different carbon registries, such as Verra, Gold Standard Foundation, Climate Action Reserve, American Carbon Registry (ACR), and others, employ their own distinct standards for calculating the estimated carbon removal. This variety of standards poses a challenge for project developers to follow up with the calculations and choose the most suitable registry.

For many project developers, particularly those operating with limited resources and expertise, navigating the complexities of carbon credit creation is challenging. Therefore, developers often seek consultants or external assistance, incurring substantial costs, with fees climbing as high as $100,000.

The heavy reliance on manual methodologies and inadequate real-time monitoring exacerbates issues related to emission calculations’ accuracy. These issues further lead to a lack of trust among buyers. There have also been several scandals and news on the carbon credit market, where the carbon credit buyers are actually purchasing “phantom credits.”

Different registries use different carbon standards. Image source: PLENO blog.

The start of PLENO and the backgrounds of the founder

“I always thought there would be an Ah-ha moment for a startup idea, but actually it’s not as sexy as that, I would say.”

Nura Linggih, Co-founder of PLENO

Drawing on his extensive academic and professional background in sustainability, Nura identified a significant issue within the carbon credit market. His journey into the realm of blockchain technology started a few years ago, and he started to learn about regenerative finance (ReFi), which perfectly merges his passion for blockchain technology with his sustainability expertise.

He started a blog named ‘Enjoy the weather’ to talk about Web3 and real-world use cases such as sustainability. He later joined ReFi DAO as a writer and discovered many interesting projects that inspired him.

Several months ago, Nura, along with Nino, his childhood friend since their time in Bali, Indonesia, decided to participate in the Blockchain Founders Group incubator program and successfully secured funding. As a result, Nura made the bold decision to leave his job as a sustainability solution manager at one of Germany’s most successful software companies and go all in with PLENO.

The founders of PLENO: Nura (left) and Nino (right).

What is PLENO doing?

PLENO introduces a digital platform tailored to carbon credit project developers, streamlining the entire process of measuring, reporting, and verifying (MRV) carbon projects. 

The PLENO platform leverages artificial intelligence (AI) and Geo-Information System (GIS) to collect all fragmented information such as satellite data to simplify the workflow. The team harnesses remote sensing and machine learning techniques to do a more robust analysis of carbon projects, enabling the identification of carbon stocks and sequestration activities. Read how PLENO uses AI for carbon credits here.

PLENO sets itself apart from other MRV players with its automatic calculator. This eliminates the need for manual work with complex formulas and spreadsheets, while also ensuring highly accurate carbon forecasting. 

Highlights of PLENO digital platform. Request early access here.

In the verification and certification process of carbon projects, PLENO plays a pivotal role in facilitating the certification of projects by accredited registry institutions. To enhance the validation and traceability of these certifications, PLENO assists in the recording of data onto a public blockchain. Carbon project developers can efficiently manage and share their data with verifiers and registries.

Looking ahead at the roadmap, PLENO has plans to incorporate a range of features, including real-time data validation, automated report generation, and secure data storage, further assisting carbon project developers.

PLENO offers solutions to make the issuance of carbon credits faster, cheaper, and more accurate.

How is PLENO different?

There is a growing trend of sustainability initiatives in the Web3 space, but the majority of Web3 carbon credit projects tend to focus on either as marketplaces or tokenization players and providing investments for carbon projects.

PLENO, on the other hand, is strategically positioned to target the vital middle ground of the carbon market. The team plays a pivotal role in assisting project developers in the establishment of high-quality projects.

The minimum viable product (MVP) of PLENO. Request early access here.

PLENO’s Focus: Blue Carbon and Mangroves

PLENO is currently focusing on mangroves and other blue carbon projects. These projects are still new but are growing quickly. Mangroves are great because they absorb a lot of carbon and help protect coasts and communities. They’re also hard to measure, which is why a new solution like PLENO is needed.

The mangrove forest in Indonesia. Image source: World Bank.

So far, PLENO is working on 3 pilot projects in Indonesia, a country with 3.5 million hectares of mangroves, about 23% of the world’s total. PLENO is also talking with mangrove project developers in other places like Bangladesh and the Philippines, among others. In the near future, PLENO will also cater to other blue carbon projects such as seagrass.

Mangrove is identified as Indonesia’s climate guardians. Image source: World Bank.

Blockchain and Web3’s impact on the carbon credit market

Nura firmly believes that blockchain technology and Web3 will deeply impact the carbon credit markets in the coming years. Currently, these technologies occupy a relatively small niche of buyers. However, Nura envisions a future where companies in this space actively forge partnerships, demonstrate the practical utility of blockchain, and grow together as an ecosystem. 

The co-founder is convinced that the goal of net-zero emissions and combating climate change cannot be achieved without carbon projects. Even though he anticipates that prices may experience a decline following the initial hype, it’s when the true innovators and builders will persist in advancing their projects.

“Web3 and Sustainability is a growing ecosystem, so we need to go together. We cannot do it alone… we need to prove that there is a real use case of using blockchain to solve problems such as carbon removal and its credits.”

Nura Linggih, Co-founder of PLENO

Make sure to follow PLENO on LinkedIn. PLENO is launching its 1st MVP in October, if you’d like to try it and stay ahead of the carbon market, register for early access here. For more information and partnership queries, contact Nura directly here.

Read more about ReFi and sustainability in Web3:

VC Insights: How to Make a Winning Web3 Startup Pitch

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Startup pitching tips from VCs

The European Blockchain Convention is welcoming the Top 50 European early-stage startups to pitch on stage in front of their 5,000 attendees and VC investors. The startup pitch will cover topics from DeFi, crypto, gaming, NFTs, ReFi and sustainability, and blockchain infrastructure to security.

The 50 finalists of the Startup Battle can be found here 💡

To further assist the 50 finalists in crafting winning pitches and keep growing after the event, the European Blockchain Convention engaged in discussions with two experienced VC experts. These experts have generously shared invaluable insights on how to craft a winning startup pitch and what VCs really want to hear from startup founders!

VC Experts Profile

Jury member: Jeddi Mees

Company: Fabric Ventures

Expertise: Gaming, NFT, DeFi, Blockchain Infrastructure, Metaverse, Identity & KYC Solutions, Wallets & Security

Short bio: Over the past 6 years Jeddi has dedicated himself to his entrepreneurial journey having founded 4 businesses, and launching a sold-out NFT collection. Jeddi has bootstrapped 3 e-commerce projects whilst exiting on 1. He also has years of start-up mentoring experience, where he has mentored over 200 founders. Jeddi has been a Web3 user, investor, and growth advisor since 2019.

Jury member: Mahsa Doorfard

Company: coinIX

Expertise: Blockchain infrastructure and Sustainability

Short bio: Since January 2023, Mahsa has embraced the role of the Sales and Marketing Manager at coinIX; a blockchain investment firm based in Hamburg. She is one of the DLT and ReFi talents of the Frankfurt School of Finance and Management and her ambition revolves around fostering greater female representation within the Web3 ecosystem.

What are the key criteria that VCs prioritize when evaluating an early-stage Web3 startup pitch?

Jeddi thinks that the criteria remain the same no matter whether the startup is in Web3 or other industries. He raised three important points for early-stage startup founders to consider when making their pitches:

  • Do the founders have expertise in the domain they want to cover? This expertise allows them to have a unique perspective on a problem, known as founder-market fit.
  • Does the problem they wish to solve cover a sufficiently large and growing market?
  • The ability of the founders to focus on the right metrics and the right problems at each stage of the project’s evolution.

When presenting a pitch, it’s essential to articulate the problem clearly, emphasizing its longstanding nature and the team’s solution. The product section should convey the value proposition, supplemented by a demo and testimonials. The market discussion should be concise, focusing on the real target audience and the startup’s unique positioning.

Moreover, the pitch deck should also outline the business model and emphasize relevant KPIs, avoiding cumulative data. Sharing the company’s journey and the team’s accomplishments adds a human touch. Outlining the roadmap and concluding with a well-structured business or cash plan and a vision statement is also vital, ensuring a comprehensive overview for potential investors.

EBC co-founder Victoria and stage host Joe announced the start of the Startup Pitches at EBC8.

Mahsa proposed some slides for startup founders to include in their pitch decks:

Title slide

It summarizes what you intend to present and it should Include your brand name, logo, company slogan, and email address for investors who want to reach out.

Round Details & the Ask
  • How much have you raised so far? What is the goal? What is your cash burn rate? You can put a range to attract more targets but don’t keep it very wide.
  • Know your CAPEX, OPEX, & working capital.
  • Understand your milestones.
  • Calculate how much cash you need for the first 18-24 months
Value proposition

Problem Addressed & Target Audience
  • What gap in the blockchain industry are you filling?
  • The audience must be able to relate to the problem addressed.
  • Remember that you are solving just one problem. Not more!
Provided Solution
  • Link the problems to your solutions
  • List the already existing solutions and their shortcomings
  • Why are you launching now? Is the timing right? Being too early or too late is not good

Competition & Long-term Market Positioning
  • Your pitch deck should clearly state your methods and strategies for beating the competition. How do you stand out?
  • Use a graph outlining past market growth and potential future growth, so investors can quantify the ROI of their investments
Market Size & Potential

Business & Revenue Model & Tokenomics
  • Create a basic outline of your business model (pricing, who will be paying for the service? Options for cross-selling and upselling)
  • Focus on one or two main revenue streams. Don’t mention a lot. 
  • Show the possibilities for your future revenue, along with your reasoning for them. Try out multiple business models to see what might work best in your case.
Technology
  • Do you really need Blockchain? Why?
  • Which Blockchains are used?
  • Is the platform launched?

Image source: Unsplash.

What are some common mistakes to avoid during the pitch?

Based on her experiences in VC, Mahsa shared several common mistakes that she’s observed over the years.

Lack of catchy opening & coherent narrative

Mahsa recommends using a more attractive business story that can grip investors within the first few seconds.

Information overdose

Don’t dive into irrelevant technicalities and product features

Lack of vision & strategy

You should know where you see yourself in 5 years and summarize it in a sentence. Avoid stating you are the only one doing this or you are the pioneer in the industry.

Not understanding the market & why now

Not understanding the market & why now

Don’t forget to say why you are launching now. Timing is everything!

Bad Business Model

Don’t over-diversify revenue streams

Poor competition slide

Don’t focus on insignificant competitors!

Weak team slide

Just mentioning the name and role is not enough. Say why did you choose them! What makes each team member stand out?

Pitching to the wrong investor

Research the VC firm before applying. Who is the right person to talk to? In which areas do they invest? Does it include your project? Do they have a history of investing in businesses like yours?

The winner of the EBC Award startup pitches in February 2023.

How important is the team’s expertise and experience? What specific attributes do you look for in the team?

Mahsa stated that the team’s experience and reputation are very important. What makes the team unique? She suggested each founder highlight the two or three achievements and roles of every member which is relevant to the project in bullet points.

Jeddi also agreed that the expertise of the team is crucial, and it often comes hand-in-hand with experience. He believed that with both expertise and experience, the startup could spot unique problems and develop innovative solutions that others might not see.

Image source: Unsplash.

Pitching to VCs can be daunting for founders. How can startup presenters effectively convey their vision and value proposition when pitching to VCs?

According to Jeddi, to prepare a good startup pitch, preparation and understanding your audience are a good start. During the pitch, the presenters should demonstrate the product, showcase the team, and clearly share the company vision. Founders can also create a story about why they started the company and why they decided to tackle this specific problem, especially for founders with technical backgrounds.

The main goal of meeting VC investors is to secure a follow-up meeting since it’s rare to close a deal right after the pitch. It’s thus important to focus on potential investors and schedule several meetings. Listen attentively, establish a connection with the audience, and be open to discussions. Last, Jeddi shared that every meeting should conclude with clear next steps to avoid ambiguity.

After preparing the slides, Mahsa shared a few tips for startup founders to reflect on and examine their pitch deck:

  • Does the story make sense?
  • Is my opening gripping enough to make them want to continue reading?
  • Does the narrative have a consistent flow?
  • Is the storyline memorable? Does it elicit emotion?
  • Stick to what investors want to see, not what you want to say. 
  • Keep a minimum of 10 slides and make sure not to have more than 19 slides.
  • Show that you have a vision. You should know where you see yourself in 5 years and should be able to summarize it in a sentence.

Startup founders should also be able to answer these questions:

  • How will your company stand out in the industry?
  • What will your brand be recognized for?
  • What kind of growth will you achieve?
  • Will you become a leader in a niche?
  • What markets will you conquer?
VC experts gave advice to Web3 startups at EBC8.

Given the fast-paced and dynamic nature of the crypto industry, how can early-stage startups stay relevant and adapt to changing market conditions?

For Jeddi, the answer is simple: listen to your users. He thinks that users should always be the founder’s only focus while Mahsa also agrees with the importance of staying in touch with the community and the ecosystem.

Mahsa also thinks that in order for a startup to keep growing, the team has to research regularly and never stop learning. Founders should be willing to invest in the employees’ development.

Furthermore, the ability to pivot is also essential for startups in the Web3 space, and founders should keep their business models flexible to adapt to new technologies when needed.

What specific areas do you think will potentially grow in the crypto space? What areas is your company focusing on investing in?

According to Mahsa, coinIX invests in blockchain infrastructure and is focused on the Ethereum blockchain. Most of the projects that coiniX has invested in are either getting built on top of Ethereum or are offering Ethereum scalability solutions. Tokenization projects and the DePIN sector are interesting for them.

On the other hand, Jeddi from Fabric Ventures thinks open Loyalty and commerce graphs, collectively owned content, open finance, gaming, open payments, open-source/AI, open infrastructure, open work, and contribution economy are some interesting areas for Web3.

VC experts discussed the Web3 investing opportunities in 2023 at EBC8.

Can you share some examples of a successful startup pitch?

Jeddi recommends startup founders take a look at Brian Armstrong’s training for his pitch during the YCombinator demo day in 2012.

Read more about startup pitches, VC insights, and Startup Battle:

1a Blockchain Hackathon en la 9a Edición de la European Blockchain Convention

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EBC hackathon blog - Spanish

For the English version of this release, please refer to this link.

Barcelona, España – La 1a Hackathon de la European Blockchain Convention se llevará a cabo durante la 9a edición del evento, que con 5.000 asistentes se espera que sea el evento más grande sobre Blockchain en Europa durante la segunda mitad de 2023.

La Hackathon juntará a 200 hackers para explorar las innovaciones de reconocidas Blockchains de primera capa (Layer 1), como lo son:

  • Coreum
  • XDC
  • Concordium

Este evento también representa una oportunidad y experiencia única de aprendizaje y networking para sus participantes gracias a la asistencia de inversores (VCs), desarrolladores, protocolos y proyectos multi-chain, entre otros líderes de la industria.

La agenda de la Hackathon estará enfocada en el desarrollo sobre la infraestructura de primera capa de Coreum, XDC y Concordium, a medida de que los participantes descubren las ventajas y características diferenciales de cada una de estas Blockchains.

“Debido a la demanda incrementada de talento en la industria, y la aceleración que estamos experimentando en términos de adopción de la tecnología Blockchain, identificamos la necesidad de ofrecer un espacio para los desarrolladores del futuro para ayudarles a iniciar sus carreras en Web3,” menciona Victoria Gago, Co-fundadora de la European Blockchain Convention. Agregó que “nos emocionan las oportunidades que esta Hackathon representa para la comunidad Blockchain en general, así como el impacto que tendrá en esta y futuras ediciones del evento!”

Para saber más sobre la Hackathon de la EBC y acceder al formulario de aplicación, por favor visite la página oficial del evento: https://eblockchainconvention.com/hackathon/

¡Inscríbete ahora!

1st Blockchain Hackathon Set to Take Place During European Blockchain Convention 9

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EBC hackathon

Para la versión de este comunicado en español, por favor visite este enlace.

Barcelona, Spain — The 1st European Blockchain Convention Hackathon will take place in Barcelona during the 9th edition of the event. EBC9, with 5000 attendees, will be Europe’s largest blockchain event in 2H 2023.

It expects to attract talent and key industry actors, as 200 hackers discover the innovations behind renowned layer-1 blockchains such as:

  • Coreum
  • XDC
  • Concordium

This event will also represent a one-of-a-kind learning and networking opportunity and experience for all participants involved due to the high influx of VCs, developers, multi-chain protocols and projects, among other industry leaders.

The Hackathon’s agenda will be focused on building on top of Coreum, XDC and Concordium’s Layer 1 infrastructure while getting to discover the advantages and differentiating features that set each apart.

“Given the increased demand for talent in the industry and the acceleration that we’re witnessing in terms of Blockchain adoption, we identified the need to offer a space for the builders of the future to give a kickstart to their careers in Web3”, as pointed out by Victoria Gago, Co-founder of the European Blockchain Convention. She added, “We’re excited about the opportunities that this Hackathon represents for the Blockchain community at large, and for the impact it will have within the present and future editions of the event!”

To learn more about the EBC Hackathon, including the application form, visit the official event website at https://eblockchainconvention.com/hackathon/.

Apply to hack!

Solarpunk and Web3: Envisioning a Sustainable, Collaborative Future

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Solarpunk and Web3

Solarpunk is a movement in speculative fiction, art, fashion and activism that seeks to answer and embody the question “what does a sustainable civilization look like, and how can we get there?”

Jay Springett, Co-administrator of solarpunks.net

What is Solarpunk?

Solarpunk is a visionary movement that emerged as an antidote to the dystopian themes of Cyberpunk and the nostalgia and aesthetics of Steampunk. It offers an optimistic outlook on the future amidst the climate crisis, envisioning a society in perfect harmony with nature and equally shared with everyone on the planet. A Solarpunk future is one that is sustainable at a not-just-for-rich-people level but a human-friendly future that can scale.

In the Solarpunk world, technology is developed in tandem with nature, and clean energy sources like solar and wind power entirely sustain cities. There are no existential threats like the climate crisis looming over society. The focus is on regenerative and sustainable practices, with a circular economy at its core. 

Olivia Louise shared her aesthetic vision of Solarpunk on Tumblr in 2014.

The Solarpunk Manifesto

“Solarpunk” was coined in 2008 in a blog post from the Republic of the Bees. Over the years, Solarpunk has evolved from a small online community to a promising speculative subgenre. In 2014, Adam Flynn penned down his notes toward the Solarpunk manifesto, while an ultimate Solarpunk reference guide was created by Jay Springett in 2017. The Solarpunk movement has evolved with its distinct aesthetic and an emerging manifesto.

Solarpunk is about finding ways to make life more wonderful for us right now, and more importantly for the generations that follow us… Our futurism is not nihilistic like cyberpunk and it avoids steampunk’s potentially quasi-reactionary tendencies: it is about ingenuity, generativity, independence, and community.

Adam Flynn, “Solarpunk: Notes toward a manifesto“

To grasp some main ideas of Solarpunk, you can read this interesting Tumblr post explaining why solarpunk is the most important speculative fiction movement in the last 20 years.

Solarpunk artwork Sun City created by Nusa Stiglitz.

Essential Elements of Solarpunk

Decentralization

Decentralization is a fundamental element of the Solarpunk movement. Unlike Cyberpunks who envision a world controlled by oppressive corporations, Solarpunks envision a future where power is distributed among individuals and communities, fostering a sense of autonomy and empowerment. Instead of centralizing authority in the hands of a few, decisions are made collectively, with a focus on sustainability and environmental harmony. By embracing open-source technologies, information is freely accessible to all, driving innovation and progress for the betterment of society.

Lush Nature

The core idea of Solarpunk is to create a world where lush natural landscapes abound, as we see in the Studio Ghibli films, and human activities coexist peacefully with the environment.

Lush nature is an essential feature in the films from the Gibili Studio. Source: Howl’s Moving Castle from Intofilm.org.

Renewable and Sustainable Technologies

Renewable energy, especially solar power and its representation are the foundation of the Solarpunk ideology, which characterizes “gentle, non-centralized, and non-mediated”, the Solarpunks envision a world with collaboration and communities, in which no one is left behind. 

Solarpunk emphasizes the use of green energy, such as wind, water, and solar power. Source: The Future Is Bright by Jessica Woulfe.

Solarpunk Aesthetics and Art

Solarpunk’s visual aesthetics embrace an ever-changing fusion of influences. It weaves together the charm of 1800s age-of-sail/frontier living, now enhanced by the eco-friendly elements of nature and the modern touch of technology. The landscapes showcase the creative reuse of existing infrastructure, offering glimpses of both post-apocalyptic and present-weird worlds.

In 2014, Olivia Louise’s Tumblr post went viral. She integrated the art nouveau elements and gave the concept of Solarpunk a visual language. The work of Hayao Miyazaki, one of Japan’s greatest animation directors, is also considered a representation of the Solarpunk art style.

For more Solarpunk art, check out the Solarpunk Magazine, concept artist Jessica Woulfe (Solarpunk Art Contest Winner in 2019), graphic designer Nusa Stiglitz (who did the Solarpunk city design for Fuzzy Binary Games), Elijah Johnson (Solarpunk Art Contest winner in 2021).

Artwork Solar Ascension created by Astral-Requin for the Atomhawk Solarpunk art contest.

Solarpunk Movies, Fictions, and Architectures

The animated commercial by the Yogurt company Chobani in 2021 made Solarpunk concepts and aesthetics reach a greater audience. Solarpunk futurist Stephen Magee also posted the video to Twitter, claiming that the lifestyle in the video is the Solarpunk future that he’s fighting for.

The animated Yogurt commercial released in 2021 aligns with the Solarpunk ideology.

Books

  • Sunvault: Stories of Solarpunk and Eco-Speculation (2017)
  • Wings of Renewal: A Solarpunk Dragon Anthology (2015)
  • Chameleon Moon (RoAnna Sylver, 2014)
  • Solarpunk: Ecological and Fantastic Stories in a Sustainable World (2013)
  • Parable of the Sower (Octavia E. Butler, 1993)
  • Mars trilogy (Kim Stanley Robinson, 1992)
  • The Dispossessed (Ursula K LeGuin’s, 1974)
  • Looking Backwards (Edward Bellamy, 1888)
Books that align with the Solarpunk values. Source: FreedomNews.org.

Movies

  • Black Panther (2018)
  • Howl’s Moving Castle (2004)
  • Princess Mononoke (1997)
  • Castle In The Sky (1989)
  • Nausicaä of the Valley of the Wind (1987)
Hayao Miyazaki’s films often explore the themes of humanity and nature. Source: Princess Mononoke, Queensland Art Gallery.

Architecture

Architecturally, Solarpunk is characterized by buildings adorned with vegetation, including rooftop gardens and vertical forests. The aim is to integrate nature into urban spaces and create a more harmonious coexistence between humanity and the natural world.

  • Architect Vincent Callebaut (Belgium)
  • Architect Francis Kere (Burkina Faso)
  • Gardens by the Bay (Singapore)
  • Jewel Changi Airport Waterfall (Singapore)
  • Golden Bridge (Vietnam) 
  • Bosco Verticale (Italy)
Gardens by the Bay in Singapore. Source: Official Site.

Solarpunk and Web3

In a world with constant tensions between different groups and the environment, Solarpunk is our alternative for doomerism in a world of rising coordination failure. With Web3, the transparent, immutable, programmable, and global structure that can unlock better coordination, we can leverage collective intelligence to make the world better.

Solarpunk in Web3 highlights cooperativism, coordination, cooperation, communities, and collective benefits. Scott Moore, Co-Founder of Gitcoin, highlighted how Web3 reimagines public goods, emphasizing the positive externalities on society.

Kevin Owocki, CEO of Gitcoin, also tweeted that Web3 builders are creating economic systems with various mechanisms like NFTs, Quadratic Funding, and Retro Public Goods Funding, aiming to generate a positive impact. 

Unlike Web2, Web3 developers are incentivized to construct transparent infrastructure for public goods. Examples like open-source software and Decentralized Science, as highlighted by Kevin Owocki, demonstrate their commitment to providing public access to a decentralized and transparent financial system. Their ultimate goal is to foster a world with increased fairness and justice. 

Web3 is Solarpunk reimagining public goods – Scott Moore (at ETH Barcelona 2023).

Sustainability is a vital element in Web3, aligning closely with Solarpunk principles. Increasing discussions arise around mining crypto with a green footprint, leveraging blockchain to improve the circular economy, or building projects for human rights and social equality. The emergence of Regenerative Finance (ReFi) protocols in the Web3 space further demonstrates the commitment to effectively address sustainability challenges.

Web3 is not just some sort of a speculative game. It’s actually building new kinds of regenerative ecosystems, and ReGen is fundamentally Solarpunk.

Scott Moore, Co-Founder of Gitcoin

Lunarpunk and Privacy

Lunarpunk originated as a subset of Solarpunk, sharing the values of decentralization, diversity, and inclusivity. However, it has diverged from Solarpunk’s optimistic outlook. While Solarpunk focuses on transparency and openness, Lunarpunk emphasizes sovereignty and privacy. 

Lunarpunks argue that optimism leaves Solarpunks unprepared for potential challenges, giving rise to what they call “Solarpunk Fragility.” In response, Lunarpunks advocate for robust defense and the use of cryptography to safeguard user identities. They believe in the inherent conflict between cryptocurrencies and existing institutions, fearing that regulators will ban cryptocurrencies while using anonymity as an excuse to extend control.

The video from Rekt clearly explains the concepts of Lunarpunk and its distinctions from Solarpunk.

The development of zero-knowledge technology, self-sovereign identities, and decentralized IDs reflects the LunarPunk value of privacy preservation in the Web3 space. Privacy will be the future of Web3 and how to balance privacy and surveillance will be an important question to consider.

Read more about privacy and trust in Web3:

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