2min previewThe Environmental Impact of NFTs
đ Transcript
An artwork that only exists as code might use more electricity than your entire home does in a week. In one browser tab, a creator is minting a vibrant NFT; in another, a climate report warns about rising emissions. How can both belong to the same digital revolution?
In 2021, a single NFT collectionâs footprint was likened to the annual energy use of dozens of households. Critics called NFTs âecocide as a service,â while defenders argued the numbers were exaggerated, outdated, or simply blamed the wrong thing. Somewhere between those extremes lies a messier truth: the environmental impact of NFTs isnât fixedâitâs evolving at high speed.
As artists, collectors, and platforms rushed in, they collided with a fact most users never think about: every bid, mint, and trade rides on a global web of machines burning electricity. Yet within a year, one major network cut its energy use so sharply that many early critiques no longer apply. Others are being rebuilt from the ground up to be low-carbon by design.
Subscribe to read the full transcript and listen to this episode
Subscribe to unlockSubscribe for $1.99/month to unlock the full episode.
From this course

The NFT Phenomenon: Beyond Art and Collectibles
5 episodesUnlock all episodes
Full access to 5 episodes and everything on OwlUp.
Subscribe â $1.99/monthLess than a coffee â · Cancel anytime

