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The climate controversy swirling around NFTs
theverge.com ↗︎
9 Comments  
#climate change 
#nft 
#gas 
#greenhous 
#tokenengineering 
#projects 
#science 
#realworld 
#cleanNFT 
#urbanism 
#environment 
#electricityconsumption 
#carbonfootprint 
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5.3K
The climate controversy swirling around NFTs
theverge.com ↗︎
9 Comments  
#climate change 
#nft 
#gas 
#greenhous 
#tokenengineering 
#projects 
#science 
#realworld 
#cleanNFT 
#urbanism 
#environment 
#electricityconsumption 
#carbonfootprint 
Gajakwks
@Gajakwks • 3 Years Ago
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>"Most NFTs are bought and sold with Ethereum, a cryptocurrency that guzzles up energy and pumps out a lot of greenhouse gas emissions. Artists are fighting over whether there can be a more sustainable future for crypto art."
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Gajakwks
@Gajakwks • 3 Years Ago
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>"Most NFTs are bought and sold with Ethereum, a cryptocurrency that guzzles up energy and pumps out a lot of greenhouse gas emissions. Artists are fighting over whether there can be a more sustainable future for crypto art."
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Paul Mason
65.1
@Mr-Snuggles • 3 Years Ago
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There seem to be some conflicting opinions on the extent to which NFTs can damage the environment. NFTs are still in their infancy and currently represent a small percentage of Ethereum transactions. I wonder how many people will choose not to participate because of the potential for environmental harm.
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Paul Mason
65.1
@Mr-Snuggles • 3 Years Ago
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There seem to be some conflicting opinions on the extent to which NFTs can damage the environment. NFTs are still in their infancy and currently represent a small percentage of Ethereum transactions. I wonder how many people will choose not to participate because of the potential for environmental harm.
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Andy Margon
@AndyM • 3 Years Ago
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My stance on NFT's is that, yes, they are terrible for the environment and predatory to emerging artists, but also that they are just glorified versions of those Buy A Star kiosks that were in every mall in the 90's and therefore incredibly dorky.
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Andy Margon
@AndyM • 3 Years Ago
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My stance on NFT's is that, yes, they are terrible for the environment and predatory to emerging artists, but also that they are just glorified versions of those Buy A Star kiosks that were in every mall in the 90's and therefore incredibly dorky.
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whogivesashirt
@whogivesashirt • 3 Years Ago
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The argument ignores how people have been promising greener Bitcoin and proof-of-work for years and solutions never actually arrive. This is a new emissions source that provides no social benefit and just fuels financial speculation. It’s okay to say it shouldn’t exist.
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whogivesashirt
@whogivesashirt • 3 Years Ago
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The argument ignores how people have been promising greener Bitcoin and proof-of-work for years and solutions never actually arrive. This is a new emissions source that provides no social benefit and just fuels financial speculation. It’s okay to say it shouldn’t exist.
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tomsame
@tomsame • 3 Years Ago
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the process used to mint them requires warehouses of computers to process advance algorithms to decode/encode them with ever transaction. its not so much the gif itself but the process of trading the gif.
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tomsame
@tomsame • 3 Years Ago
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the process used to mint them requires warehouses of computers to process advance algorithms to decode/encode them with ever transaction. its not so much the gif itself but the process of trading the gif.
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Rossow
@Rossow • 3 Years Ago
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Personally, I feel this is an irresponsible way to report on the climate footprint of NFTs. It’s basically some people say it’s a problem, but others don’t and are working on solutions, and it can ultimately be solved through tech and individual action.
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Rossow
@Rossow • 3 Years Ago
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Personally, I feel this is an irresponsible way to report on the climate footprint of NFTs. It’s basically some people say it’s a problem, but others don’t and are working on solutions, and it can ultimately be solved through tech and individual action.
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Avariyon
@Avariyon • 3 Years Ago
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Have you considered the energy consumption that minting one NFT on Ethereum takes? Better switch to environmental friendly (and more modern) solutions like Tezos [#cleanNFT](/ecology/new/cleanNFT) . Environmental damage trough blockchains is real.
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Avariyon
@Avariyon • 3 Years Ago
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Have you considered the energy consumption that minting one NFT on Ethereum takes? Better switch to environmental friendly (and more modern) solutions like Tezos [#cleanNFT](/ecology/new/cleanNFT) . Environmental damage trough blockchains is real.
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