NFTs Are Shaking Up the Art World. Are They Also Fueling Climate Change?
They May Be Warming the Planet, Too. Making the digital artworks requires colossal amounts of computing power, and that means greenhouse gases. 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 Mr. 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 they’ve whipped up. “The numbers...
Source: nytimes.com