The popularity of non-exchangeable tokens drove every man and his dogs to flock to the non-exchangeable market for monetization from a recently collected token collectibles transaction. Even celebrities who presumably had little to do with cryptocurrencies have rushed to make money, and in recent months the likes of John Cleese, Tony Hawk, Lindsay Lohan and Jah Roll have added NFTs with mixed earnings.
However, the growing adoption of NFT has led to a backlash from the public regarding the alleged carbon footprint associated with cryptographic technologies.
Nifty Gateway is committed to reducing carbon emissions
NFT Nifty Gateway announced on March 29 that it plans to reduce its carbon emissions in the near future.
In a post posted on investor Nifty Gemini’s website, the platform’s founders announced plans to calculate Nifty Gateway’s carbon emissions over time and buy double the carbon offset at the end of each month, making Nifty theoretically removing clean carbon. …
While the post acknowledges the environmental issue of the proliferation of NFTs, Nifty’s founders describe these concerns as the product of double standards in the crypto industry that are often encountered.
“Ironically, as the blockchain provides the world with such transparent and accurate data on energy consumption in our industry, it provides tangible numbers to focus on and take off, leading to double standards in our industry,” he said. She said. He adds:
“No blockchain takes into account the carbon footprint of the traditional art world.”
Nifty will also distribute a new token system that will benefit from Ethereum’s recent EIP-2309 update, which they expect to increase the energy efficiency of tokens by 99%.
Defunct Music Magazine to bring back the catalog to stable NFTs.
Popular music media outlet Spin has partnered with liquidity company Nax to launch NFTs that feature images from popular magazines and claims to be environmentally friendly.
Spin, which now operates as a media company after releasing a print magazine between 1985 and 2012, will provide an entire archive of content for coding and compilation.
While the two companies announced that they will launch the “energy efficient” NFT market and release a platform to host Spins tokens, the announcement did not provide an estimate of the future platform’s carbon footprint.
Investing in NFT is like going to a casino: BNP Paribas CEO
In an interview with Bloomberg on March 24, CEO of French bank BNP Paribas, John Egan, described NFT as one of its riskiest asset classes.
While enjoying investing in NFT Casino, Egan asked coin collectors to buy products that don’t contain mushrooms just for fun:
“I don’t think we can find more risky asset classes at this time. I think it’s like this stage of entering a casino. You know you’re going to spend the money, but maybe you do it for fun and experience.”
“If you win, you are lucky, and I think that is the way we should think about it now;” “It is in its infancy.”
Despite the gambling analogy, Egan predicted that NFTs would become the “basic economic infrastructure” for the virtual economy over the next decade.
Pamela Anderson talks about upcoming NFTs
Pamela Anderson became active on the BitClout social icon platform after verification on March 27th. Former Lifeguards star Malibu offers signed copies of her most recent 2016 Playboy magazine cover to the top three creative coin holders.
BitClout is one of the many platforms that have emerged to make it easier for NFTs celebrities to cash in on the money by allowing influencers to create ‘Creator Coins’ for fans to shop and collect.
Anderson’s coin is currently valued at more than $ 12,000, with celebrities indicating that token holders may soon receive a free token giveaway:
“My kids tell me about NFT – who knows … I can only give one NFT Pamela to all coin holders when the time is right;)”