What’s the Carbon Footprint of Your NFT?

What’s the Carbon Footprint of Your NFT?

When an artist “mints” their digital artwork, they begin the mining process, which consumes an immense amount of energy.

We first covered NFTs a few weeks back, but in case you’re new here (welcome!), non-fungible tokens (NFTs) are one-of-a-kind digital assets. They’re like your middle school baseball card collection went digital. While there are no plastic card organizers or packaging waste — are NFTs more environmentally friendly?

When an artist “mints” their digital artwork, they begin the mining process. This process takes a lot of energy. In fact, the average NFT produces emissions comparable to driving 500 miles in a gasoline-powered car.

Still, the market has exploded, driving astonishingly high prices for everything from tweets to gifs to Nyan cat.

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