ESG NFTs: true ESG assets revolutionizing the world

Published on
Feb 27, 2024
Written by
Juan David Rodríguez
EDITED by
Lisa Dahlgren
Read time
5 Minutes
Category
Talent Insights

As you may know, the value of art or digital land NFTs depends on what other people are willing to pay for them. NFTs have great potential but may not be for all types of investors.

What's their main problem? Their value is purely driven by the speculation of how they will provide value in the metaverse or as collectible items in the future. In other words, they don't have a clear intrinsic value tied to them.

An NFT is a speculative asset with high-risk, high return characteristics.

So, what makes ESG NFTs different?

Teilur created the world's first ecosystem to purchase, exchange and manage ESG NFTs. The concept is simple; these NFTs are employed to finance the training in technology of people in developing nations. NFT investors fund the training of talent pools and get a return when the talent starts working in the technology they were trained in.

What backs the value of ESG NFTs?

You can think OpenSea or Rarible, but instead of NFT values being backed by art or digital collectibles, the value of these ESG NFTs is derived from talent's potential future earnings depending on the skills they develop in the technology space.

The value of art or digital land NFTs depends on what other people are willing to pay for them. They have great potential but may not be for all types of investors. The problem is that their value is purely driven by the speculation of how they will provide value or utility in the metaverse or as collectible items. They are essentially speculative assets with high-risk, high return characteristics.

Teilur created the world´s first ESG NFT

The ESG NFTs created by Teilur have a different valuation method. Their value is derived from the present value of the legally binding contracts that Teilur tokenizes with talent in Latin America.

When investors purchase ESG NFTs, they buy assets where the collateral is tokenized contracts that promise a portion of the future salary of talent studying data engineering, data science, and software engineering.

Investors can value these talent pools similarly to how they value investments in traditional enterprises. As talent pools progress in their training and start receiving job offers, pools reduce their risk of not generating cash flow in the future, and NFTs start generating dividends and potentially increasing in value.

Benefits of ESG NFTs

One of the key benefits of these ESG NFTs is that they help retail investors and wealth managers optimize and improve portfolio efficiency based on modern portfolio theory (MPT).

When ETH, BTC, or the entire crypto ecosystem goes down, NFT values of digital art and collectibles often go down with it. And while crypto markets do provide diversification benefits to traditional equity portfolios, we've seen a higher correlation between crypto and equities in times of higher volatility.

NFT
Monkey Cartoon Character by shykhman

ESG NFTs developed by Teilur may not be immune to the market forces driving their market prices, but investors can rely on their fundamental value in times of irrational pricing. Compared to art or collectible NFTs, Teilur ESG NFTs have a cash flow promise embedded in each of the tokenized contracts correlated with the employment of candidates, not with the price of the S&P500 or Bitcoin.

Collateral of ESG NFTs explained

When investors purchase ESG NFTs, they buy assets where the collateral is tokenized contracts. Each contract promises a portion of the future salary of talent studying data engineering, data science, and software engineering.

Investors can value these talent pools similarly to how they value investments in traditional enterprises: As talent pools progress in their training and start receiving job offers, pools reduce their risk of not generating cash flow in the future, and NFTs start generating dividends and potentially increasing in value!

a woman at work

Picture Andrea, Carlos, and eight other new college grads from Colombia looking for a better future.

Their average salary is $300/month. Naturally, their lack of monetary resources does not allow them to get the proper training needed to develop a technology career remotely.

Teilur solves that for them.

Teilur signs a legally binding contract in the U.S. with each one of the students and pools these contracts together as an NFT.

That way, students get funding to cover their cost of training in technology careers as they progress, and in exchange, Teilur receives a contract that promises a portion of their monthly salary for six to nine months.

Once candidates are hired as data engineers, software developers, or data scientists, they pay back a portion of their salary, and those payments are then distributed to NFT holders.

Need help with cost expectations? 

Costs vary depending on the final offer our candidate accepts. 80% of what you pay goes to the candidate, and the remaining 20% is our fee. We’ve put together some examples of price ranges with all fees included, to help you establish clear pricing expectations for the services we offer.

Pillars
Colombia
Argentina
Mexico
Brazil
Group 1. Coordinators, data analysts, tech sales

$1,500 - $2,000

$1,500 - $2,000

Group 2. Product, designers, growth marketers

$2,000 - $3,500

$2,000 - $3,500

Group 3. Developers and Sr. tech talent (4+ years)

$3,500- $5,000

$3,500- $5,000

Group 4. Sr. software & data engineering (7+ years)

$5,500- $8,500

$5,500- $8,500

1:1 recruiting support

via integration

Talent focus
Pillars
Colombia
Argentina
Mexico
Brazil
Group 1. Coordinators, data analysts, tech sales

$18,000 -$24,000

$18,000 -$24,000

Group 2. Product, designers, growth marketers

$24,000 -$42,000

$24,000 -$42,000

Group 3. Developers and Sr. tech talent (4+ years)

$42,000-$66,000

$42,000-$66,000

Group 4. Sr. software & data engineering (7+ years)

$66,000-$102,000

$66,000-$102,000

1:1 recruiting support

via integration

Talent focus

*Transparent pricing refers to understanding how much a company takes as a percentage of how much a client pays for hired talent. These prices are estimates and always depend on the final offer the candidate takes.

Need help with cost expectations?

Our hiring costs vary depending on the candidate's accepted offer. Use our calculator to estimate costs for different roles.

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At Teilur, Inc, we are committed to accuracy and fairness in all our content. Our discussions and comparisons, particularly those concerning other businesses in the recruitment industry, are grounded in the best interpretations made by our dedicated staff, based on publicly available information. We hold a deep respect for the unique qualities of each organization within our field and strive to offer valuable insights rooted in our core beliefs about the recruitment industry's workings. If you encounter any factual inaccuracies in our content, we encourage you to reach out to us at content-research@teilurtalent.com with the specific URL in question. Your feedback is invaluable, and we are committed to reviewing and addressing your concerns.

Got questions? We've got answers.

1

How is Teilur Talent different from other tech recruiting companies in LATAM?

At Teilur Talent, we take a mission-focused approach to recruiting, ensuring that our candidates are aligned with your company's vision and goals. Unlike other tech recruiting companies in LATAM, who may focus solely on technical skills, we prioritize the cultural fit and dedication of our team members to your company. For this reason, we do not support project contractor or freelancer roles. Instead, we focus on fully devoted team members who will help you achieve long-term success. If you are looking for freelancers to complete one-off projects, you probably are better off going to companies like fiver.com, toptal.com or upwork.com.

2

How does Teilur Talent attract and retain the best talent compared to other companies?

At Teilur Talent, we offer our candidates competitive salaries that are 2x to 3x higher than what tech companies would pay locally. This allows us to attract top talent and retain highly motivated and loyal team members. Additionally, we focus on finding candidates whose values align with the purpose, visoin, and mission of our clients. This approach ensures that our engineers and tech talent are not just coding and completing task—rather, they become part of a greater purpose, which gives them meaning and helps us attract and retain the best talent.

3

What are the typical tech roles that Teilur Talent recruits for?

At Teilur Talent, we specialize in recruiting for a wide range of tech roles that are typically in high demand. These include positions such as DevOps engineers, QA analysts and engineers, back-end and front-end developers, data scientists, product managers, business developers, and technical sales positions. Essentially, we recruit for most roles that are needed in B2B and B2C tech-focused businesses.

4

What are Teilur Talent's fees and pricing structure?

At Teilur Talent, we believe in transparency. We charge a flat rate fee of 20% of what the client pays. This way, our clients know exactly what they are paying for and how much the candidate gets. As an example: If a client hires a software engineer for $60,000 per year ($5,000 per month), Teilur's monthly fee would be $1,000 (20% of $5,000). We don't believe in hidden fees or unwanted surprises, so we disclose all costs upfront to both candidates hired and companies. When exploring other alternatives, make sure they are transparent about their pricing. We believe this is paramount for the benefit of all parties involved in this new era of remote work.

5

What is the candidate screening process at Teilur Talent, and how do you ensure a good fit for my company?

At Teilur Talent, we take candidate screening very seriously. We use a multi-layered approach to find the best candidates for our clients, starting with screening thousands of candidates from our internal and proprietary networks. We leverage AI technology to assess whether a candidate matches the technical skills required for a given job opening. We also perform additional personal evaluations to ensure that the candidate has the soft skills, culture fit, and English language skills required to excel in their new role. Our rigorous screening process ensures that only the best candidates make it through to our clients, saving them time and helping them find the best talent for their teams.