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People Who Need Beeple: NFTs Yet Another Climate Headache

April 13, 2021 2 weeks ago I did not know what an NFT (Non Fungible Token) was. Not sure I do today, but they’re yet another problem inflicted on us by people who have more money than sense. After a string of high-profile sales in February and March, the red-hot market for non-fungible tokens (NFTs) is already showing signs of cooling but whether this is a bursting bubble or merely a course correction remains to be seen. On March 11, digital artist Mike “Beeple” Winkelmann shattered all expectations with the $69 million sale of his work Everydays The First 5000 Days. Suddenly, he was the third-most-expensive living artist, ranked behind only Jeff Koons and David Hockney.

New yorkUnited statesUnited kingdomMike beeple winkelmannRobert nortonTom wolfeChris prechtJoanie lemercierJeff koonsDavid hockneyResearchers at cambridge universityNew york timesNature communicationsAalborg universityNeediest cases fundNon fungible token

NFTs are selling for millions Are they warming the planet, too?

NFTs are selling for millions. Are they warming the planet, too? Beeple, Everydays The First 5000 Days, NFT, 21,069 pixels x 21,069 pixels (316,939,910 bytes). Estimate Unknown. Starting Bid: $100 | Open for bidding from February 25 - March 11. © Christie s Images Ltd 2021. by Hiroko Tabuchi (NYT NEWS SERVICE) .- When Chris Precht, an Austrian architect and artist, first learned about nonfungible tokens, the digital collectibles taking the art world by storm, he was so enthralled, he said, he felt like a little kid again. So Precht, who is known for his work on ecological architecture, was devastated to learn that the artworks, known as NFTs, have an environmental footprint as mind-boggling as the gold-rush frenzy theyve whipped up.

New yorkUnited statesUnited kingdomRafael limaChris prechtJoanie lemercierDankrad feistGareth stangroomResearchers at cambridge universityNature communicationsYork times companyNew york timesEthereum foundationAalborg universityNeediest cases fundCambridge university

NFTs Have a Climate Problem

NFTs Have a Climate Problem Making the digital artworks requires colossal amounts of computing power, and that means greenhouse gases. April 14, 2021, 1:23 p.m. ET Join us on April 22 for the latest installment of our virtual event series, Netting Zero . Moderated by Rebecca Blumenstein, a deputy editor of The Times, we’ll be exploring the role of technology at the intersection of climate and health . By Hiroko Tabuchi You’ve probably noticed a lot of buzz over the past few weeks about nonfungible tokens, or NFTs, the digital artworks that are stamped with unique codes. Last month, one of them sold for more than $69 million at a Christie’s online auction.

New yorkUnited statesGlasgow cityUnited kingdomMuldrow glacierChristopher flavelleMatthewe kahnJohn kerryChris prechtRebecca blumensteinLisa friedmanRebecca elliottMatthew kahnHiroko tabuchiGreta thunbergResearchers at cambridge university

NFTs are shaking up the art world They may be warming the planet, too

NFTs are shaking up the art world They may be warming the planet, too
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesUnited kingdomRafael limaHiroko tabuchiChris prechtJoanie lemercierDankrad feistGareth stangroomResearchers at cambridge universityNature communicationsNew york timesEthereum foundationAalborg universityNeediest cases fundCambridge university

In Coinbase s Rise, a Reminder: Cryptocurrencies Use Lots of Energy

In Coinbase s Rise, a Reminder: Cryptocurrencies Use Lots of Energy
nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.

United statesFrance generalIrkutskaya oblastInner mongoliaNei mongolUnited kingdomJoseph pallantCamilo moraResearchers at cambridge universityAalborg universityUniversity of hawaii at manoaCambridge universityParis agreementNear protocolஒன்றுபட்டது மாநிலங்களில்பிரான்ஸ் ஜநரல்