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Digital art NFTs are all the rage — but they’re horrible for Mother Earth


How much would you be willing to pay for a one-of-a-kind work of art? For some collectors, the limit lies somewhere in the region of hundreds of millions of dollars. What about a work of art that has no tangible form, and exists only as a digital token that’s no more “real” than a JPEG file? Welcome to the strange world of crypto art collectibles, also known as NFTs. Like Bitcoin, NFTs (non-fungible tokens) are cryptocurrencies. But whereas individual bitcoins all have the same value, NFTs are more like baseball cards. Each token has a different value and they can’t…

This story continues at The Next Web


from https://thenextweb.com/hardfork/2021/04/02/nfts-why-digital-art-has-such-a-massive-carbon-footprint-syndication/

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