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Brazilian prosecutors have asked Nemus to prove ownership of the Amazon rainforest land linked to the non-fungible tokens (NFTs) the company has sold, which is in territory claimed by indigenous people. ....
Brazilian prosecutors probe company over Amazon forest NFT sale trust.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trust.org Daily Mail and Mail on Sunday newspapers.
A Brazilian firm selling non-fungible tokens (NFTs) it says are linked to physical land in the country's Amazon rainforest has been asked by Brazilian prosecutors to prove its ownership of the land, which is in territory claimed by indigenous people. ....
A Brazilian company called Nemus is using proceeds acquired by selling NFTs to preserve the Amazon rainforest.
The company, that owns 410 square kilometers (158 square miles) of forest, is granting buyers unique sponsorship of different sized tracts.
Its founder Flavio de Meira Penna said token holders will not own the land itself, but will have access to key information about its preservation, from satellite imagery to licensing and other documentation. ....