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Are NFTs bad for the environment?

421 questions from 58 articles available in English.

Much less than they used to be. NFTs (non-fungible tokens) are tokens issued on blockchains, mostly Ethereum. Since Ethereum moved to Proof of Stake in September 2022, the footprint of minting or transferring an NFT has become marginal: a few grams of CO2 per transaction, compared with kilograms before. NFTs now have almost no environmental impact; what remains is the debate over their real usefulness and the risk of a speculative bubble.

Read the source article: Bitcoin carbon footprint: 33 tCO2e/year per million euros held