There is an NFT movement on the rise that ties digital assets with a ‘change for the better’ purpose. The team of Crypto Coral Tribe is trying to make a positive impact on marine life by giving life to corals and inspiring people to join the environmental metaverse space through their unique tribal Coral NFTs.
During a DailyCoin exclusive, the three leading members of the Crypto Global Tribe that call themselves Kaiporah, Mowgly, and Numalunah, shared the process, ambitions, and unique features of their promising tribal NFTs.
Objective: Reviving Coral Reefs
Corals are a fundamental part of the ocean. They only cover 1% of the ocean but host 25% of life; they’re extremely important to the ecosystem. Corals are also beautiful, they’re a great tool for expression, and inspire creativity – they come in different shapes and colors and are truly fascinating creatures by their exterior and functions.
Crypto Coral NFTs will be minted on the Solana blockchain, which is proof of stake and consumes significantly less energy than other blockchains. According to the statistics, “one Solana transaction uses as little energy as two Google searches,” and is 98% more efficient in minting NFTs than Ethereum.
Partnerships with Coral Gardeners and Preservers
The Crypto Coral Tribe team found a way to plant a few thousand corals with partners in Malaga (Spain), Bali, and the Turks and Caicos in the Bahamas. The ideas from partners are not only limited to planting corals.
“One of our partners in Turks and Caicos researches stony tissue coral disease. The disease impacts corals in that part of the load killing off 40% of some species. It's not just about planting corals, some of the funds that we generate through this project will go into approaching marine restoration from other angles too,”
the team said.
The initiative made a pledge to plant 3,000 corals across three different continents. The conditions, though, are a little bit different in each place. For example, in Malaga, it’s quite a difficult process to plant many corals because the reef is very deep. Divers have to rescue broken pieces of coral, bring them up, put them in a nursery for a short period of time, and then take them back out. In Bali, on the other hand, it’s just a process of taking a small piece of a mother coral and planting it straight away. One of the leading team members explained,
“The biggest value I see in this entity collection is that once people buy this NFT, they become part of the community that directs environmental and social impact into a lot of different projects that we research and then propose to the community. 50% of the revenue will go into this fund that the community is managing, and with the project and proposals curate the community vote. We call ourselves a Crypto Coral Tribe because together we can fight and make an impact around the world, and that doesn't necessarily have to be with corals, it can be anything, could be, art projects, it could be sustainability, tech hackathons, or attract developers to work on one exciting tech that could help the environment”
The Importance of Community for the NFT Project
According to the Crypto Coral Tribe, it’s not just doing good for the environment, but it’s also about being connected to nature.
“We are working with a British musician, who made a song about our story, about the mythology of the crypto corals. There's a sonic journey that you can follow, it has aquatic sounds and creates the mood. We love working on the project, and so far, this process has been fun, working with musicians, working with the artists, that's a massive part of us, we don't see ourselves as purely environmental people, the creative element is also crucial.”
One of the values of the project is the social experiment with DAO where you need to buy an NFT to enter the DAO and use all the funds to invest in more NFTs. What would happen if we got a million dollars equivalent in funds in the treasury of the community but the sole purpose wasn’t just a financial motivation but more of an ESG incentive of environmental, social, and governance impact? What would people invest in when financial return is not their main priority, when a social impact, cultural change or environmental protection is their agenda, to see what people connect with the most and what drives the most change with that?
“What we aspire to is when people buy these NFTs, we're opening them up into this universe of creative possibilities, all based around ethical, sustainable philosophies”
The Exceptional Art Feature
The NFTs are coral creatures with a tribal element. The team explained further the inspiration behind the NFTs:
“We were inspired by the idea that hunter gatherers and tribal cultures lived in a very symbiotic and respectful way with the environment; we wanted to create the feeling of a tribe with the other side of it being future and crypto. Some of the characters have cool bomber jackets, others have technological elements. The idea is to connect tribe and nature with a futuristic aesthetic.”
The Crypto Coral Tribe’s artist specializes in futuristic indigenous tribes and different ways in which our future could develop in synergy with nature. They are very specialized in the overall idea of the NFT concept and the art.
Crypto Coral Tribe NFTs: Price and Launch Date
The current price of a Coral NFT is 1 SOL, though it might change depending on the market.
“We chose the price because it gave us enough of a budget to plant a lot of corals, enough to have a meaningful impact fund with over a million dollars potential revenue, so people could really feel like this is going to make some impact and changes,”
the team said.
The additional budget is to develop other projects such as the tribe hang out online, to create an interactive experience, where people online can log into a beautiful portal and move through the mythology and see the fund situation and see the different projects.
“When you buy something that is more expensive, you tend to care more about it, and you become more committed to it. At the end of the day, that's what we want. We want people to buy NFTs and also commit, not to just flip them and sell them,”
the team shared.
The planned launch date is mid to late December, with the potential for change. There will be a list of between 500 to 1,000 spots where people will be able to enter and they’ll have early access to minting with the guarantee that they will get an NFT. The team will be releasing all the relevant information in the upcoming weeks.
On The Flipside
- It’s difficult to get rid of negative statements about NFTs harming the environment despite the lack of scientific evidence.
- NFT projects are an excellent way to create a community working towards a positive change.