Carbon Drop News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Carbon Offsets for NFTs Don't Address the Deeper Problem The NFT space has a ballooning carbon problem. But rather than address emissions head-on, platforms may be turning to at best, self-deception and at worst, greenwashing by relying on carbon offsets. Advertisement Over the weekend, the platform Nifty Gateway ran an auction dubbed the #CarbonDrop that was, it said, “inspired around climate change.” The auction included a Beeple piece that went for $6 million along with a host of other artists whose work sold for an additional $600,000. The proceeds benefited the Open Earth Foundation,...

Credit: Courtesy of SuperRare Nate Mohler’s “Grunge City,” 2021, 57 seconds. Edition of 1. Part of the “Painted Cities” series. Mohler, a UCLA design media arts alumnus, has released 12 artworks as NFTs, and nine have sold. The challenge that digital artists, curators and collectors have faced for decades has been how to sell artwork that is by nature infinitely reproducible. Unlike a painting or sculpture, digital artworks can be reduced to a series of 0s and 1s, or an algorithm that can easily be copied. Non-fungible tokens, or NFTs, offer a technological solution. They work as pu...

Crypto Art the Climate Killer NFTs are used to trade digital art on the blockchain. The problem is that each transaction consumes an enormous amount of energy. Some say crypto art’s carbon footprint makes it unsustainable. Watch video 01:30

UCLA design media arts faculty and alumni share their thoughts on the crypto-art craze Courtesy of SuperRare Nate Mohler’s “Grunge City,” 2021, 57 seconds. Edition of 1. Part of the “Painted Cities” series. Mohler, a UCLA design media arts alumnus, has released 12 artworks as NFTs, and nine have sold. Avishay Artsy | April 22, 2021 The challenge that digital artists, curators and collectors have faced for decades has been how to sell artwork that is by nature infinitely reproducible. Unlike a painting or sculpture, digital artworks can be reduced to a series of 0s and 1s, ...