ReFi's year that was

First off, a huge thank you to everyone that voted for us in Octant's Epoch 6 Snapshot vote. We didn't make the top 18 projects in the end, but your support has motivated us to keep working towards our mission of helping the ReFi space demonstrate and promote its impact.

It was an interesting year for ReFi. The bear market persisted for most of it, forcing some projects to shutter and motivating others to keep building. We saw new ecosystems emerge and existing ones expand. We saw BioFi (bioregional financing) and Impact DePIN generate a ton of interest, while ReFi itself took a bit of a back seat.

Much remains uncertain moving forward, but what we do know is that 2024 brought with it some clarity around the potential for ReFi to facilitate the funding of solar energy production, not to mention the potential of ecological credits verified and issued on-chain.

Stay tuned for next week's issue on predictions for 2025!

Without further ado, here's a rundown of some of the key headlines that made the news in 2024:

• $EARTH deployed live on Polygon

• Gaia announces discontinuation due to legal constraints

• Dovu announces new biodiversity credits from Savimbo available for pre-order

• KlimaDAO retires 20,700t of verified carbon

• BASIN Natural Capital releases .basin's

• Climate Collective announces launch of Green Accountability Technology Accelerator

• Regen Network to list Terrasos voluntary biodiversity credits

• Neutral and DLT Finance launch the first regulated trading platform for tokenized environmental assets

• Open Forest Protocol launches first native on-chain carbon credit

• Grassroots Economics elected as Celo validator

• Plastiks announces partnership with FC Barcelona

• Kyoto announces raise as part of its private seed round

• Kokonut Network launches Kokonut Foundation

• CARBON Copy publishes The State of ReFi report for 2024

• Arkreen announces mainnet launch

• Gitcoin publishes 2.0 whitepaper

• Toucan launches first liquid market for biochar credits

• BitGo adds support for Glo Dollar

• Regen Network launches Biocultural Jaguar Credits

• ValleyDAO launches its $GROW token on Base

• Shamba Network announced as enDAOment recipient by Regen Foundation

• Celo Public Goods and Climate Collective to commit 50,000 cUSD to Celo projects during GG20

• Glo Dollar announces inclusion in Bluechip's stablecoin ratings

• Toucan Protocol's CHAR goes live on Neutral trading platform

• Silvi launches Operation WebTree

• Kokonut Network launches Kokonut Genesis pilot project

• Polygon Labs buys $150,000 Glo Dollars

• Helios launches world's first direct, perfectly liquid solar investment

• Penomo picked for joint innovation program fully funded by EU Commission

• ReFi Medellin launches first credit on Optimism

• erable° acquires the fintech WE DO GOOD to expand its impact investment offering

• Giveth announces the Quadratic Accelerator to free projects from grant-hopping

• Karma deploys GAP on Celo

• Giveth announces on-chain attestation service, DeVouch

• Cerulean Ventures adds Epoch to its naturetech portfolio

• M3tering Protocol's native token, Solaxy ($SLX), goes live

• UCO Network launches community dapp Oily on VeChain

• M3tering Protocol and The Solar Foundation announce solar energy partnership

• Regenerate Barichara receives $150,000 grant from NoVo Foundation

• Crypto Altruism receives 2.5ETH grant from Octant Community Fund

• CARBON Copy launches curated ReFi project database

• dClimate announces partnership with TATA Consultancy Services

• Alternun announces partnership with Green Cross United Kingdom

• Neutral launches REDD, a transparent market for preservation financing

• KULA receives two licences to build hydropower plants in Tsum Valley, Nepal

• Cleanify goes live on VeChain

• Mercedes AMG PETRONAS F1 Team invests in carbon credits issued by Regen Network

• CARBON Copy publishes The Impact DePIN Report 2024

• Kevin Owocki unveils Onchain Capital Allocation Handbook

• GreenPill Network writers guild publishes book entitled How Crypto is Being Used To Regenerate the World

• Viridis Network relaunches as ReFi Protocol

• Polytrade to create liquid market for Toucan's biochar credits

• $EARTH announces investment in first megawatt of renewable energy in India via Helios

• Unergy receives investment from Celo's Credit Collective

• Arkreen and The Solar Foundation announce partnership to empower impact for Africa

• Atlantis launches Impact Miner app

• ecoToken launches first biodiversity credits on its platform

• Bloom Network introduces $FLO for its regenerative economy

• Unergy introduces uWatt yield-bearing token

• Mercy Corps Ventures launches pilot to test stablecoin transfers of humanitarian aid during conflict

• Unchained Elephants partners with Coffee Culture Thailand to enable on-chain coffee payments

• The Solar Foundation and Change Code launch partnership to pilot Web3-native solar impact bond

• Open Forest Protocol raises seed round led by Übermorgen Ventures

• The Regen Atlas launches V3 of its prototype, enables purchase of green Celo-based assets using Uniswap

• ReFi Hub lists first impact venture, Brazilian solar energy project Exodos

• Helios announces funding of 2.7 megawatt solar project in Chile

• Regen Network and ecoToken help Solana Foundation offset its 2023 carbon footprint

• Regen Network launches in-app Regen Data Stream for environmental project tracking

• Glow Protocol onboards 1.3-megawatt solar farm in India, triples ecological credit production

• The SolarWise announces completion of first solar farm in Parana, Brazil

• Mento Labs buys US$1 million of Glo Dollar's USDGLO, unlocks $40,000 per year in Celo Public Goods funding

• erable° announces partnership with world's leading RWA marketplace, Polytrade

• Mercy Corps Ventures and Forest Carbon publish State of the Web3 Carbon Market report

• Gitcoin, ReFi DAO, GreenPill Network, and Celo Public Goods launch Regen Coordination Hub

• Azos Finance launches incentivised testnet

• ReFi Hub pays out first yield to investors in Brazilian solar project

• SeaTrees to launch 300,000 marine biodiversity credits on Regen Network

• empowa wins Blockchain for Good award

• Atlantis unveils Impact Foundry for projects focused on real-world impact

• keenest announces 42% increase in valuation of its first funded project

• Glow raises US$30 million from Framework Ventures and Union Square Ventures

• Arkreen and PowerPod launch US$100 million RWA initiative to accelerate green energy growth

• GoodDollar introduces GoodOffers, a segmented basic income capability

• Silvi introduces Treekipedia

• Kula to give 20% ownership of proposed 92MW and 125MW hydroelectric projects in Nepal to community foundation

• Greenpill Nigeria mourns the loss of its lead, Izzy Lawrence

• EthicHub wins 30,000 USDT grand prize at the Blockchain for Good Alliance Web3 Oscars

• Plastiks enters partnership with Bayer Leverkusen to tackle waste pollution in Sao Paolo

• Mercy Corps Venture announces $1M equity-free funding for impact Web3 startups in emerging markets

• KlimaDAO Japan announces experiment to tokenise J-Credits, a widely traded carbon credit in Japan

• $EARTH launches on Celo

• $EARTH officially launches NODES

• ReCommon shuts down due to financial constraint

• Powerledger wins 'Best Blockchain Application for Social Good' at Global Blockchain Show

• Crypto Altruism rebrands to Crypto Altruists, emphasizing its vision for a community-driven evolution

• Agroforest DAO organises first quadratic funding round to reward individuals promoting food forest culture through web3 with 3500 $USDGLO

• GoodDollar launches first segmented basic income pilot to deliver daily cash support to 1,000 women in Colombia & Nigeria

• Next Week: Predictions for 2025 and Trinity Morphy on impact predication markets

• In Two Weeks: A short break for the holidays

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Leading ReFi Information Platform | CARBON Copy

The preeminent source of ReFi news, information, and analysis.

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