53 min listen
Unconfirmed: Why This Environmentalist Doesn’t Blame Creators for the Carbon Footprint of NFTs - Ep.219
FromUnchained
Unconfirmed: Why This Environmentalist Doesn’t Blame Creators for the Carbon Footprint of NFTs - Ep.219
FromUnchained
ratings:
Length:
41 minutes
Released:
Mar 12, 2021
Format:
Podcast episode
Description
Brendan McGill, co-founder of Offsetra and Carbon.fyi, a company focused on reducing carbon emissions, talks about the environmental impact of NFTs. In this episode, Brendan discusses: his career as an environmentalist and how his sites intersect with crypto (1:07) why online art platform ArtStation canceled its plans to create an NFT program (3:21) what the environmental impact of NFTs actually is and why minting and transacting with NFTs has a greater environmental impact than for normal Ethereum transactions (5:21) misconceptions surrounding the environmental impact of NFT minting and why he believes artists should not be blamed for the carbon footprint calculated by Offsetra (6:57) what accounts for the emissions in NFT transactions and why it’s hard to calculate the exact environmental impact of any specific NFT, and why minting NFTs doesn’t necessarily increase emissions (7:32) why NFTs aren’t really responsible for the bulk of emissions from Ethereum and why Brendan thinks the backlash against NFT creators for the environmental impact is unfair (12:02) how Offsetra and Carbon.fyi attempt to calculate the amount of ‘clean’ energy vs. fossil fuels used in PoW mining and what assumptions they use (13:59) the methods (and blockchains) artists are using to create “clean NFTs” (16:17) Crypto New Recap (16:17) Thank you to our sponsor! Download the Crypto.com app and get $25 with the code “Laura”: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 Episode links: Brendan McGill: https://www.linkedin.com/in/brendanmc6/ Offsetra: website: https://offsetra.com/ Ethereum CO2 footprint calculator: https://carbon.fyi/ carbon.fyi methodology: https://carbon.fyi/learn Reading Material: guide to ecofriendly NFTs https://github.com/memo/eco-nft fixing NFTs’ carbon pollution problem https://earther.gizmodo.com/how-to-fix-crypto-art-nfts-carbon-pollution-problem-1846440312 Other: statement from ArtStation https://magazine.artstation.com/2021/03/a-statement-from-artstation/ CryptoArt.wtf http://cryptoart.wtf/ Link to the Crypto News Recap: https://unchainedpodcast.com/a-69-million-nft/
Released:
Mar 12, 2021
Format:
Podcast episode
Titles in the series (100)
Chain's Adam Ludwin On Who Is Best Poised To Benefit From Blockchain Technology: As blockchain technology remakes financial services, some companies will be better positioned than others, says Adam Ludwin, CEO of Chain, which has partnered with incumbents like Visa, Citi and Nasdaq. Ludwin describes which types of firms will... by Unchained