Carb0n.fi

Based in Singapore, Carb0n.fi operates as a blockchain-focused enterprise targeting the ASEAN region's burgeoning climate action sector. The company was established in 2021 by co-founders Bree-Ann Yek, Florian Bohnert, and a technical co-founder, Xenon. The founding stemmed from Yek and Bohnert's meeting at an Antler Singapore venture builder program, where they identified Southeast Asia as a promising but underdeveloped area for large-scale carbon offsetting. Yek brings experience from commodity trading and founding an energy management system provider, while Bohnert has a 15-year background in building purpose-driven environmental and social projects.

Carb0n.fi has developed a decentralized platform that utilizes blockchain technology to address issues of transparency and double-spending prevalent in traditional carbon markets. The core of its business is to provide carbon offset Non-Fungible Tokens (NFTs). The business model caters to both individual retail clients (B2C) and corporate clients (B2B), with an initial focus on those already active in the cryptocurrency space. Revenue is generated by charging a small transaction fee on its carbon offset exchange. Eventually, the firm plans to develop a mobile application to onboard non-crypto-native companies and users, enabling them to offset their carbon emissions seamlessly.

The company's product allows users to deposit their cryptocurrency assets into the platform. In return, they are rewarded with carbon offset NFTs and the platform's native governance token, $ZRO. This mechanism empowers users to counteract their carbon emissions. Holding the $ZRO token also provides users with benefits such as discounted transaction fees on the exchange where they can buy and sell the carbon offset NFTs. A key milestone was securing US$600,000 in a seed funding round in January 2022, led by Owl Ventures with participation from Antler, Lancer Capital, and Blockseed Ventures, to enhance its platform and accelerate product development. However, some sources indicate the company may now be out of business as of mid-2024.

Keywords: carbon offsetting, blockchain, carbon offset NFTs, decentralized finance, DeFi, climate action, Singapore, ASEAN, sustainable investment, crypto assets, $ZRO token, carbon credits, environmental technology, green tech, carbon market, Bree-Ann Yek, carbon footprint tracking, seed funding, Antler, cleantech, environmental services