It'southward the first successful live deployment on the Ethereum mainnet of something called a "scalable Harberger tax contract," and it might but aid relieve at-chance animals.

Cointelegraph attended the CV Labs pitch session in Davos, Switzerland today, an event running alongside the 50th edition of the World Economic Forum. In the basement of the Pöstli Club, crypto entrepreneurs took to the phase to give brief presentations on their current projects. JonJon Clark gave the audition an engaging rundown on his project Wildcards — possibly information technology's his charming Due south African accent, maybe it's the fact that his company directly connects to improving the earth, but we were intrigued to learn more.

"Wildcards is a platform that represents endangered animals as non-fungible tokens," Clark said. "These NFTs are e'er for sale, so they can exist traded often to generate funds for the organizations they support."

Organizations doing relief work for the recent Australian wildfires might list tokenized koalas for sale, for example. Coin spent on those tokens goes to the associated organization, which tin use those funds to support its mission.

"My cofounders and I all grew up in Southward Africa, and nosotros were close to conservation at that place. We'd go to game parks to meet rhinos and elephants the manner other families go to the beach for vacation," Clark said. "Every bit nosotros grew up, we saw these animal populations dwindle, and nosotros were eventually unable to run into animals we could run across when we were younger. Nosotros desire our kids to exist able to experience what we experienced."

Wildcards packs an impressive technical punch for a project generally aimed at saving the world. Information technology represents the outset successful live deployment on the Ethereum mainnet of a scalable harberger revenue enhancement contract. Clark offered us a breakdown on what that actually means:

"Animal tokens on Wildcards are always for sale. As you buy, you take to immediately set a selling price for someone to buy that token from you. But y'all pay a pct of that designated selling price, called a harberger taxation, in order to preclude y'all from setting that price to $5 million. Our system for this is scalable because all those tokens are managed by a single smart contract."

The project unites user incentives related to patronage, collectibles, and profit. People making purchases on the platform get to know that their money is making a positive bear upon, and can showcase their platform statistics on social media if they desire. Users are inclined to get together more and more animate being tokens, like CryptoKitties. And the uncomplicated truth of the platform's economic model is that even though it's primarily about generating coin for relief organization, users could theoretically sell their animate being tokens for personal profit downward the route.

When asked well-nigh what'south next for the company, Clark teased that Wildcards expects to release its token standard shortly.