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Smart contract-focused crypto project TrustSwap today announced a partnership with Eden Reforestation Projects to capitalize on the non-fungible token (NFT) boom and plant 1 million trees in return, as per a release shared with CryptoSlate.

NFTs are blockchain-based representations of tangible or intangible objects that tie ownership of an underlying asset with their holders. Anything can be represented as an NFT, with popular use cases ranging from crypto-collectibles and art to in-game assets and physical real estate.

The NFT angle
As per the release, TrustSwap will utilize its FlashLaunch feature to help raise additional funds for the Eden Reforestation Project.

The latter is a 501(c)3 non-profit organization dedicated to reforestation and aims to plant over 1 million trees in 2021 to offset the heavy environmental costs created by PoW blockchains. Nearly 20,000 acres of forest have been earmarked for the cause.

“FlashLaunch” is similar to TrustSwap’s LaunchPad token offerings, but geared towards raises under $750,000 to enable smaller projects to participate in the crypto marketplace.

For each FlashLaunch organized, TrustSwap will mint and sell five “Golden Ticket” NFTs with 10% of the proceeds being donated to the Eden project.

Bids for these “Golden Ticket” NFTs will begin at 0.2 ETH (≈$500)and unlock access to a guaranteed $500 priority allocation for that launch. The “Golden Ticket” NFTs can also be traded and resold on any marketplace for 24 hours prior to the launch.

The who, what, why, where?
The move comes admist concerns of wide-spread ecological damage from the popularity and growth of the NFT market.