The Latest Hype in NFTs is a Climate Disaster: On-Chain Bitcoin NFTs
It wasn’t long ago non-fungible tokens (NFTs) were making headlines for their excessive environmental impact. Most of these NFTs were making use of the Ethereum blockchain or a related platform, which meant they were also impacted by the energy-hungry proof-of-work (PoW) mechanism that was part of Ethereum until September of last year. During this month,…