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NFTs are setting the creative world alight. Are they also bad for the planet? – ABC News
For all the hype about NFTs, there is concern that as the market expands, so too will the harmful environmental side effects of any product traded on a blockchain….
By this point, you’ve probably heard about NFTs even if you still don’t really understand them.
They are the digital asset creating headlines globally for allowing artists to sell JPEGs or 30-second GIFs for tens of thousands or even millions of dollars.
On Friday, the artist Beeple set a new record when the auction house Christie’s sold his work Everydays The First 5000 Days, a photo collage, for $US70 million ($90 million).
What are non-fungible tokens?
Digital artworks called NFTs are selling…
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