BANTgo, a new startup offering web3 rewards for recycling, has teamed up with the more established blockchain traceability firm Verofax. The project aims to incentivize people to recycle old electronic equipment or e-waste. Both are based in the UAE.
When it launches, users who recycle their electronics can earn physical and digital rewards, including NFTs through the impact2earn scheme. It works by using smart bins designed for e-waste collection. A built in ‘validation system’ assesses the state of the electronic device and what the recoverable materials it will yield. Perhaps the bins might need to be in a secure location because that kind of validation requires a built in smartphone preloaded with AI to identify the state of the item.
Recyclers receive a digital blockchain certificate.
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