Senken partners with Forest Protocol
Bringing permanent forest data to the senken marketplace with the MRV standard
Only transparent carbon projects can be effective carbon projects. That’s why senken and Open Forest Protocol team up to create a foundation of truth for carbon markets. senken and Open Forest Protocol are teaming up to bring the world’s first free, open, and transparent Measurement, Reporting, and Verification standard (dmrv) to this marketplace.
The value of forest-related Nature-Based Solutions (NBS) is expected to reach a whopping US$800 billion in annual revenues by 2050, with the acceleration of regenerative economies only gaining momentum. Given the proliferation of emerging global markets, the standards and transparency of these systems is key to building a sustainable and scalable future.
“Carbon markets are becoming more transparent with Web3. We are pleased to be working with OFP, a true dMRV pioneer, to provide verified on-chain credits from Senken in a user-friendly end-to-end solution.”- Adrian Wons, CEO and Co-Founder of Senken
Forest projects on the senken platform now have access to the Open Forest Protocol MRV, ensuring that every tree, forest, and community they serve has a permanent record of forest data.
“We are eager to partner with Senken to bring prime transparency and value to an emerging global market. Our MRV standards alongside the Senken platform will aim to enhance accurate data verification for every single project in a collaborative manner.”- Frederic Fournier, CEO of Open Forest Protocol
About Open Forest Protocol
Open Forest Protocol (OFP), is an open platform allowing forest projects of any size, all over the world, to measure, report and verify their forestation data. Through OFP, individuals, groups, NGO’s, entrepreneurs and even governments create transparent, immutable, proof-of-impact data that is comprehensively verified by a network of independent experts. OFP is creating the foundation for more inclusive, more scalable, and more data-backed financing mechanisms for nature-based climate solutions.
Senken is the leading marketplace for on-chain carbon credits. Easily purchase, trade and retire carbon credits from verifiable climate projects in a credible and transparent manner.
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