There is news about Tezos, the blockchain protocol specifically for government agencies and organizations. It was announced on Twitter that Entrepreneur First, one of the world’s leading startup investment communities, wants to introduce a framework on Tezos.
The Tezos platform gets a second real app
The framework is aimed specifically at people who want to build Web 3.0 and develop decentralized applications. The objective of the Tezos Framework is that young talents can seek co-founders, complement their skills and thus improve their chances of success.
Learn more about EF’s Web3 program today: https://t.co/hEiFZtWBx3
— Tezos (@tezos) November 15, 2021
Entrepreneur First’s global network of founders, consultants and investors supports them in this endeavor. The potential entrepreneurs selected receive financial aid during the first three months, which they do not have to pay back to the company.
This amount of up to £6,000 is intended to cover living expenses for the first three months. Presence in London is compulsory for the entire 6-month period.
The company is inviting a host of talent to London and 5 other capitals to the Entrepreneur First coworking space and, after successfully participating in a launch weekend, is providing office space, meeting rooms and WiFi. fi.
According to their own statements, Entrepreneur First wants to do everything so that start-ups don’t have to worry about anything, but rather focus fully on building their own team and developing a blockchain application suitable for Web 3.0.
Interested persons can still apply via this link until December 19, 2021, the project will then start on April 4, 2022.
During a phase lasting a total of 6 months, the young founders must develop a project which is then presented to the investment committee.
Successful teams will receive an optional £100,000 convertible loan from Entrepreneur First and of course support from across the network. Entrepreneur First receives 5% of the project, either in the form of equity or in the form of tokens.
Entrepreneur First is looking for new talents for Web 3.0
Entrepreneur First works with Tezos for talent searches, especially in decentralized Web 3.0. The company Entrepreneur First Web 3 has been founded for this purpose, which will accept relevant applications in different phases until the end of May 2022.
There should always be two groups of 40-50 potential founders allowed to travel to London or one of the other cities for the six-month program. The engagement of potential new founders in the blockchain and decentralized application space is one of the main reasons for launching the platform on Tezos.
The Entrepreneur First framework is already the second real application on the Tezos platform, as the University of Cambridge recently released a decentralized CO₂ marketplace for emission certificates on Tezos.
The Tezos platform offers verifiable, transparent and permanent storage of these certificates and allows their exchange via corresponding non-fungible tokens.
More details can be found in the Cooking Sheet – Issue 73. The new Cambridge Center for Carbon Credits 4C manages emission certificates on the Tezos Blockchain. It aims to create a global framework for reliable emission certificates.
The initiative has its Based at the Department of Computing and Technology and the Institute for Conservation Research. Revenue from the project can be used to support reforestation work in the rainforest.
Tezos platform with NFT marketplace for CO₂ certificates
With the move to Tezos, the university hopes financial resources can be raised for large-scale conservation and renaturation initiatives.
Carbon credit buyers will be able to fund such and similar projects securely and directly through the platform.
Scientists and researchers will build the market on the Tezos blockchain. The Tezos network is known for its eco-responsible attitude and the sustainable operation of the blockchain.
While minting 3 NFTs on the Ethereum blockchain requires 415 kg of CO₂, on Tezos it is only 0.000249 kg.
— Tezos (@tezos) March 18, 2021
The 4C project is fully open source and operated through a token market. This in turn is supported by satellite images from reliable sources and primary observations.
Each token represents a certain amount of CO₂ and by linking it to observational data, buyers can always trust the token and sell it on the market at most once.
By purchasing the token, its owners can offset a certain amount of CO₂ emissions.
Current accreditation systems that measure and report the value of carbon and related benefits such as biodiversity conservation and poverty reduction through nature-based solutions are expensive, slow and imprecise. These programs have shaken faith in carbon credits for nature-based solutions. What is needed is a decentralized market where buyers of carbon credits can directly finance reliable nature-based projects.
Reasons in favor of Tezos
On the one hand, there is the consensus mechanism, which, unlike the proof of work used by Bitcoin, is very performance-intensive and therefore consumes a lot of energy.
Tezos uses the low-powered and slightly modified Proof-of-Stake consensus, namely the LPoS Liquid Proof-of-Stake consensus.
XTZ token holders lock their funds into special smart contracts. This process, which includes the authorization to vote, is called cooking.
A baker does not have to add new blocks himself, but can also delegate his tokens to other bakers. In return, they get a new XTZ.
Baker are rated by users based on 10 indicators for their reliability. On-chain governance is extremely simple and transparent, unlike Ethereum for example.
The other compelling reason is that the token is widely used on exchanges around the world. On 10/11/2021, Bitpanda Pro announced the upcoming listing of XTZ/EUR and tzBTC/BTC.
—Bitpanda Pro (@BitpandaPro) November 10, 2021
Widespread acceptance allows small landowners to easily redeem donated funds for reforestation and convert their land into local currency.
Reforestation takes many years before successes are visible, so it was also important to find a blockchain with a built-in self-correction mechanism.
The only blockchain that has incorporated this feature so far is Tezos.