Fractionalize
From a batch NFT to ERC20 carbon tokens.
The bridging process is completed when a Buckmint Verifier approves the batch NFT — that means the batch has been successfully tokenized! This NFT is an ERC721 token, which means it is compatible with a range of other NFT protocols on Polygon. We're excited to see what people build with these NFTs.
However, there's another step required to move towards the Buckmint vision of programmable carbon.
In the last step of the Carbon Bridge, the BatchNFT can be used to mint an equivalent number of fully fungible ERC20 tokens which we call BCO2 tokens. The "B" here stands for "Buckmint" — and 1 BCO2 token represents 1 carbon credit with a value of 1 tCO2e. So, an NFT representing a batch of 100 credits can be fractionalized into 100 BCO2 tokens.
To fractionalize your approved batch NFT, make sure you're signed in:
Once your batch is Verified, click "Finalize". (This will be available via that "Take action" button on the right of the batch row in the claims interface as well.)
Approve the transaction. When it's validated, you'll have BCO2 tokens in your account!
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