TLDR
NFTs are designed by nature to function as digital certificates of existing digital or physical objects signifying ownership. Bitcoin mining requires an estimated 26.5 terawatt-hours of electricity per annum, which totals almost as much as the entirety of what Ireland consumes in the same period, according to a Time Magazine report. The average NFT creation would emit 90 kg of carbon, equivalent to an hour of international flight on a jet—a lot for a simple digital asset. An NFT ecosystem would be reliant on developers and a blockchain network to tokenize digital items.via the TL;DR App
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Written by adriankrionofspielworks | Founded blockchain gaming startup Spielworks. Got a background in computer science & math & a passion for gaming & DeFi.
