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How nfts harm the environment?

Answers (1)

Arsalan Afzal
Feb 08, 2022 17:29:19

Non-fungible tokens (NFTs) are digital assets that are unique and cannot be interchangeable. This is in contrast to traditional cryptocurrencies like Bitcoin, which can be divided and traded like shares of stock. Because NFTs are unique, they require a lot more energy and computing power to produce, which is bad for the environment. Not only does producing NFTs consume resources that could otherwise be used for more productive purposes, but it also creates a lot of electronic waste. The servers used to generate and store NFTs use a tremendous amount of electricity, and all those plastic cases and cards needed to store them create mountains of trash. So if you care about the planet, you should probably avoid minting the non fungible tokens

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