The Ethereum Community Foundation launched BETH, a “proof-of-burn” Token that Tokenize burned ETH . When a user deposits ETH into the contract, the ETH is sent directly to the burn address and removed from circulation forever. The contract then mints 1:1 BETH and returns it to the sender, each BETH representing the destroyed ETH . This mechanism makes ETH burning transparent, auditable, and opens up opportunities for applications in DeFi, Web3, and gaming. ConsenSys CEO Joseph Lubin believes that ETH burning can be profitable and create new industries. There is no exact mechanism like this in the stock market, but the idea is similar to carbon credits. Think of it like this: - The US government regulates that companies are only allowed to emit a certain amount of pollution. - If a company reduces or cancels its polluting rights, it receives a carbon credit as proof. - These carbon credits can then be bought, sold or traded to other companies in need. Tesla is the company that makes the most money from selling carbon credits.