“REX NFT” Project Review

Introduction

Blockchain is one of those technologies that will play a very important role in the development of renewable energy infrastructure. Of course, the Chinese block has many applications in various industries, and now, according to the latest report published by the International Agency for Sustainable and Renewable Energy, it can be seen that this new technology can be used in this industry and is able to develop and improve infrastructure. Related to it help a lot.

The report, published in Forbes magazine, also states that blockchain will be able to help accelerate and accelerate the growth of renewable energy infrastructure and the resulting electricity industry, and in various countries as a variety of innovative tools. To be used. The report, entitled "Innovation for the Sustainable Energy Future", identifies 30 key innovations and 11 solutions in the VRE Vision (diversified renewable energy). Experts and analysts working in this field also It has been estimated that blockchain will have the potential to bring about major changes in the industry, and in general it can be said that it can play a role in protecting the environment, preventing the release of pollutants and toxic gases into the Earth's atmosphere, as well as reducing global warming.

“REX NFT, NFT and Renewable Energy junction”

A short talk about NFT

NFTs are irreplaceable tokens. They are issued as a non-duplicate digital ownership certificate for any type of digital asset. In fact, NFT is a smart contract that is set up using open-source platforms and used to secure it digitally. Once written, it can be saved or permanently published as a token on a blockchain network such as Atrium.

REX NFT

REX NFTs is a new set of NFTs created to assist renewables. This collection is not a collection of regular NFTs. REX NFTs is actually the first credit NFT collection in the field of renewable energy. The interesting combination of REX NFT stands for Renewable Energy Credit NFT. As you can see, the "R" stands for Renewable Energy, the "E" stands for Energy, and the "X" stands for Credit. It should be noted that the collection can be purchased and exchanged in the OpenSea Marketplace:

https://opensea.io/collection/rexnft

“RECs are a way of directly financing renewable energy used in electricity generation.”

Renewable Energy Credit (REC)

Renewable Energy Credit (REC), also known in some cases as the Renewable Energy Certificate, means investing in renewable energy. RECs provide the conditions for those interested to be directly involved in the production of electricity using renewable energy. Each REF NFT is a renewable energy credit. In fact, with the purchase of REX NFT, people are participating in the production of clean renewable energy. It should be noted that each REC is equal to one megawatt / hour (1 MWh or 1,000 kilowatt-hours) of renewable energy produced and delivered to the grid. Thus, by investing in REX NFT tokens, it actually helps to protect the environment from the fossil pollutants needed to supply electricity. The idea of the project is simple, attractive and at the same time valuable; Invest in blockchain and NFTs to help generate renewable energy used in the electricity industry.

Project partners

Project partners are always one of the strengths of a project and can make a significant contribution to the success of a project. REX NFT is no exception. To this end, REX NFT has partnered with a number of reputable renewable energy suppliers, including TerraPass.

REX NFTs, a real and practical REC

As mentioned, each REX NFT is equivalent to 1000 kWh of renewable energy produced and consumed in the distribution network. This is a true Renewable Energy (REC) credit from TerraPass. Holders of REX NFT tokens receive a Product Content Label (PCL). PCLs can be queried and verified on the TerraPass website. After PCL approval, a dedicated dashboard is assigned to the label owner. In this way, each user (PCL owner) can view the relevant information and analyze the renewable energy produced.

REX Coin

REX Coin is a native REX NFT ecosystem token that will be developed on the Polygon network platform in May. REX Coin plays a key role in all ecosystem matters. With this token, users can take advantage of all the features and benefits of the ecosystem, such as staking and other reward options. For example, each REX Coin token recipient receives 2,500 tokens per week for each REX NFT. In general, REX Coins make users a direct beneficiary of the REX NFT ecosystem.

Project Team

There is no specific information about the project team on the project website and FAQ, but given the explanations provided about the main idea and features of the project, as well as reputable partners such as TerraPass, the project team should be experienced in blockchain, cryptocurrencies and renewables Possible to be formed.

REX Coin Roadmap

Roadmap project details are provided in the image below:

Concluding remarks

Green energy production has always been one of the concerns of countries on a global scale. With the advent of emerging technologies, there is potential for culture building for more people to invest in renewable energy. Blockchain and consequently NFT is one of these emerging technologies. REX NFT has entered the field with full knowledge of the mentioned technology and identifying the opportunities in this technology and with the aim of helping to produce clean energy. The idea of the project is attractive and is in line with preserving the environment and the environment. REX NFT encourages every environmentalist to invest in this field. The idea of REX NFT seems to be well received. Of course, more time is needed to make a definite comment. It is hoped that with the fruition and success of this project and similar projects, a greater contribution will be made to the environment, which is the trust of the next generation of human beings. If you are interested in blockchain, NFTs and clean energy, we suggest you have this project in your watchlist.

"This article is merely a review of the project and should not be considered as a recommendation for investing in the project and its subsidiaries. Obviously, investors should do their research before making any investment."

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Bitcointalk username: Hommai