Intro: What's the goal?

Nori's marketplace is designed to scale the supply side of the carbon removal market, starting with the Nori Regenerative Tonne™.

  • The Nori Regenerative Tonne™

Nori Regenerative Tonnes are the carbon removal asset in Nori's marketplace. Buyers purchase Regenerative Tonnes from Suppliers with a marketplace fee that goes to Nori. When purchased, Regenerative Tonnes are immediately retired.

  • Nori Regenerative Tonnes are always immediately retired at the point of sale.

  • Immediate retirement prevents market trading of Nori Regenerative Tonnes.

This whitepaper section will explore Nori's use of blockchain in greater depth and explain why these technologies are suitable for the marketplace. It will also establish the specifications of Nori's marketplace, outline the lifecycle of Nori Regenerative Tonnes, and describe other important marketplace mechanics.

Participant profiles

Briefly, before diving in further, it's also worth establishing the core stakeholders who interact in Nori's marketplace. Each of the below constitutes a unique 'participant profile.' When capitalized in following subsections, this whitepaper section references these specific participant profiles.

An individual or entity may belong to multiple profiles over the course of their relationship with Nori (e.g., a 'Supplier' may also be a 'Buyer').

Buyers: Buyers are individual consumers or businesses who purchase Nori Regenerative Tonnes from Suppliers.

Suppliers: Suppliers in Nori's marketplace are the individuals and groups who remove atmospheric CO2 by operating projects according to methodologies supported by Nori (more information on Nori’s approach to carbon removal methodologies is forthcoming in a future whitepaper section).

Suppliers generate Nori Regenerative Tonnes based on the amount of carbon removed by their practice changes and operations and they sell their credits in Nori's marketplace. In return, they USDC, which they can instantly exchange for cash.

Verifiers: Verifiers provide assurance that the data supplied for Nori Regenerative Tonne quantification is reasonable and accurate. Verifiers in Nori's marketplace are independent, third-party entities qualified to attest to the accuracy of project data from Suppliers with a reasonable level of assurance.

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