A NFT (non-fungible token) is a record on a blockchain which is associated with a particular digital or physical asset. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFT's to be sold and traded. NFT'S cannot be copied, substituted, or subdivided. NFT's typically contain references to digital files such as photos, videos, and audio but can be used to create a digital footprint for land, trees timber and Carbon Offsets. Because NFT's are uniquely identifiable assets, they differ from cryptocurrencies, which are not.

Given that demand for Carbon Credits and Carbon Offsets will continue to increase and the outlook for growth remains very strong. Digitising Carbon Offsets would be a way to solve the current problem of Carbon Offset transparency and liquidity. Using blockchain technology, Paulownia Digital Carbon NFT's will facilitate Carbon Offsets transition into the digital market.