Discussion: Why NFTs Are Causing a Global Ecological Disaster

By David Schonauer   Friday April 16, 2021

The biggest new thing in art world may be terrible for the environment. “The cryptocurrency on which most NFT sales are based is called Ethereum. The price of Ethereum is linked to how much supply/demand there is. When a currency grows, there is a lot of demand, leading to a sudden increase in transactions. Physical energy must be used to complete every transaction,” notes Illya Ovchar at Fstoppers.

Read the whole story at Fstoppers.


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