5.4 On-chain License Lineage

Endorsers are granted the right to mint child endorser NFTs and Project NFTs. They can structure a hierarchy of NFTs to classify their projects. Such hierarchy is entirely on-chain.

• Each NFT refers to its parent

• At the nexus is the Tracer DAO

• Only Projects can mint Carrots

• Endorsers can mint Projects and Endorsers

In the illustrated, example the hierarchy would be: Endorser Gold Standard has created a sub endorser for Enhanced Rock Weathering projects, then subdivided by projects in each country. The 5 tokens below would all refer on-chain to the same Nexus/Gold_Standard/Indonesia hierarchy.