Cryptos overall climate impact remains massive, with certain currencies swallowing up entire nations worth of processing power from individual computing units and data centersmuch of whose power comes from fossil fuels. The most common form of cryptocurrency mining, proof of work, requires a massive amount of processing power. Alternative mining methods have a mixed track record so far, with some ostensibly sustainable mining systems still requiring significant amounts of dirty or clean power. And transacting any tokens across the blockchain, whether an NFT or a Litecoin, sucks up the collective energy feeding into the transaction, no matter the product at hand. One estimate claims that a single NFT trade across the much-used Ethereum blockchain uses enough energy that could power an entire house for several days. And this is all so the buyer can have bragging rights about owning an image.
Hey celebrities, you cant sell NFTS and say youre helping the planet
That means you, BTS, Edward Snowden, Ellen Degeneres, Matt Damon, Jane Fonda, and so many others.
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