Integrating NFTs and Recycling: Plastiks Bringing New Utility to a Booming Industry
LONDON, UK / ACCESSWIRE / November 5, 2021 / Plastiks, powered by Nozama announced the deployment of the Plastiks platform that will launch after the crowd sale of its utility token- Plastik.
The world today is feeling the consequences of decades of excessive plastic production and pollution. Of the 8.3 billion metric tons that have been produced, 6.3 billion metric tons have become plastic waste (BBC). The blockchain-powered Plastiks marketplace will revolutionize two multibillion-dollar industries: Recycling and NFT's. Utilizing the power of smart contracts will enable recyclers to mint and sell recycling guarantees as NFTs to single-use packaging (SUP) producers. This, in turn, will increase the transparency and traceability of SUP while allowing companies to show proof of recycling.
Nozama primarily focuses on addressing the lack of traceability with SUP and wants to take innovation a step further through integrating recycling and NFTs. "You can't measure what you don't track," CEO and founder Andre Vanyi-Robin says. "By combining blockchain, specifically non-fungible tokens and recycling, we are able to be the bridge between plastic producers and plastic recyclers, making plastic production more traceable while incentivizing companies to recycle more."
The Plastik token will be used to unlock the features and utilities of the Plastiks platform that will be deployed at the end of the month in November. This comes coincidentally, but nearly simultaneously to the EU Parliament and Council adopting Implemented Decision 2021/1752 which will require additional SUP tracking and calculations of certain types of plastic SUPs.
"Through the Plastiks platform, we will be the solution to the need to create more transparency within supply chains. All plastic produced should be tracked, recovered, and properly recycled if we want to do better for the planet, and our team is looking forward to the Plastiks platform pioneering this tracking." Vanyi-Robin explained.
To learn more about Plastiks, visit Plastiks.io or follow Plastiks on Twitter, Instagram, LinkedIn and join the Telegram or Discord.
Leo Dufraisse - Sustainability Technician
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