Apr 5, 2022

Are NFTs Bad for the Environment?

Posted by in category: blockchains

Although NFTs are literally just images on the internet, they rack up a lot of emissions. In fact, the average NFT generates 211 kg of CO2, compared to an avera… See more.

NFTs have exploded in popularity in the past year, with sales increasing by 1,700% between December 2020 and February 2021 alone (Nonfungible.com, 2021).

This uptake in digital art has led some artists around the world to earn millions of pounds just from selling one single image.

But what makes crypto art worth this much money? Basically, each piece holds a unique string of code, allowing someone to take ownership of it, and making it more valuable than your bog-standard online image.

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