According to the NFT Club, CryptoKitties, Sorare and Axie Infinity are the three most environmentally damaging collections of NFTs built on the Ethereum blockchain. This group of NFT fans posted report on the environmental impact of non-fungible tokens created on the Ethereum blockchain. According to digital artist Memo Atken, The CO2 produced by one NFT in half a year on Ethereum is equivalent to driving a car 838 thousand kilometers or boiling a kettle 3.5 million times.
The authors of the report explain that minting new NFTs on Ethereum has a large negative impact on the environment due to the carbon costs of mining this blockchain. His analysis focuses on the non-fungible tokens minted on this network because it uses miners that require large amounts of electricity to validate transactions and keep the chain running.
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NFT, Ethereum and the Environment
Environmental pollution is one of the most important global issues today, and just like Bitcoin, NFTs are no exception. The popularity that non-fungible…
