Understanding the environmental impact of digital collectibles -Breaking
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The environmental effects of digital collectibles and their entry into NFTsOver the last year, NFTs have been a major part of pop culture. On a nearly daily basis, a new celebrity announces their interest in the emerging technology — usually by dropping an NFT collection. To Quentin Tarantino’s Pulp Fiction NFTsTo Snoop Dogg’s NFT music labelA wide variety of well-known names have begun to recognize the creativity that NFTs can offer. Although celebrity endorsements have been a major part of raising awareness about NFT investment possibilities and their use case options, they also draw the fury of many fans.
In the midst of the hype surrounding the NFT phenomenon, apprehensions have grown about the technology’s environmental impact. The South Korean boyband BTS is a notable example. FaceImportant A few months back, they faced a lot of criticism for their NFT collections. BTS’s experience with backlash is not the only one. This led to some artists being wary about exploring NFT trends for themselves.
Alex SalnikovRarible, an NFT community marketplace and co-founder of the company. Alex is a blockchain pioneer and active developer in crypto since 2012. He was previously the chief technology officer at CoinOffering which offered its shares as blockchain assets. A B.A. With a B.A. in data science, Alex’s specialities span a variety of sectors including market analysis, decentralized finance, NFTs, and tokenomics.
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