From a batch NFT to ERC20 carbon tokens.
The bridging process is completed when a Toucan Verifier approves the batch NFT — that means the batch has been successfully tokenized! This NFT is an ERC721 token, which means it is compatible with a range of other NFT protocols on Polygon. We're excited to see what people build with these NFTs.
However, there's another step required to move towards the Toucan vision of programmable carbon.
In the last step of the Carbon Bridge, the
BatchNFTcan be used to mint an equivalent number of fully fungible ERC20 tokens which we call
TCO2tokens_._ The "T" here stands for "Toucan" - or "tonne" — or "tokenized" — and 1
TCO2token represents 1 carbon credit with a value of 1 tCO2e. So, an NFT representing a batch of 100 credits can be fractionalized into 100
- 1.Once your batch is Verified, click "Finalize". (This will be available via that "Take action" button on the right of the batch row in the claims interface as well.)
- 2.Approve the transaction. When it's validated, you'll have TCO2 tokens in your account!