A Sneak Peek to the ENREX NFT Offsetting Dapp

ENREX is embellishing its brand with yet another digital appliance — the ENREX NFT offsetting dapp. As long as the world of NFTs is going on a limb to submit themselves to sustainable and environmentally friendly solutions, the utility of this type of mechanism is undeniable. So, we should get on with it and take a look at what will be offered in this sneak peek for a brand new Enrex product!

This month will see the arrival of the beta version of the NFT offsetting dapp. As defined in the previous iterations in “upcoming news” form, the dapp was in the works for quite some time now. You can rediscover the hype in our recent Medium published article — “$ENRX Is Sold on Both Centralized and Decentralized Exchanges. What’s Next for Enrex?”.

From the interest already shown in our products we see that the market is already mature enough to consider the ramifications of climate change.

NFT collections from various blockchains are looking for ways to offset their carbon footprint generated by various NFT activities — minting, listing on exchanges, transactional activities and metaverse interfacing. Enrex had a hands-on approach when researching the current tensions and prospects between the NFT industry and carbon markets — the necessity for it, and the ways to transform one’s collection into a carbon-neutral entity. After having success offsetting multiple collections manually, we are creating a comprehensive APP that will make the process easy! And NFT collections are opting for climate positive outlook in bulk! More information and our current research can be reviewed in our article — “NFT Carbon Offsetting: the Necessity, Utility, and Future”.

So, how will this NFT offsetting dapp work? Let us review the operational stages of the dapp:

1. First and foremost, dapp users will be able to offset their NFT collection both retroactively and proactively — that is to say, already launched NFT sets and to be launched may be chosen for the purposes of the offset.
2. Enrex will take upon themselves the calculation aspect of the process. We will calculate everything required — CO2 generated levels, energy consumption and price estimates.
3. At this junction, users will pay the issued price for the offset.
4. Lastly, Enrex will issue a badge “of honour” of sorts which then can be uploaded to a website of one’s choice, which would indicate that the NFT collection has been offset and thus — “greened”. This type of action will showcase the prestige of the collection and the pledge that the owner/issuer of the collection has taken to depict their climate-friendly stance.

Here’s a snapshot of the dAPP’s interface!

And there you have it, the depiction of the upcoming innovative Enrex’s approach to offset NFT sets in full disclosure. In the near future, we will be discussing the utility that this type of appliance brings to the Enrex ecosystem, and the benefits stemming from it for both Enrex’s inner circles, as well as its vast and loyal community of followers. Also, we will review the payment methods for NFT offsetting and blockchain networks that will be supported. Stay tuned!