NFTs Have Real-world Use Cases. Not All Are Worthwhile.
Nemus, an NFT mint tied to Amazon rainforest conservation, is in hot water after a Brazilian prosecutor announced an investigation into the company’s ownership of Amazon land.
Nemus’ CEO Flavio De Meira Penna has multiple entrepreneurial ventures focused on rainforest preservation in Brazil.
Nemus claims to own 100,000 acres of Amazon rainforest and hopes to purchase more with funds from its NFT sales. The company did not respond to requests for verification that it owns the land.
Users can purchase NFTs representing plots of land on a map with the understanding that Nemus will protect the land and its indigenous residents.
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