19 min listen
SUFB 1246: Are NFTs bad for climate change?
SUFB 1246: Are NFTs bad for climate change?
ratings:
Length:
18 minutes
Released:
Dec 10, 2021
Format:
Podcast episode
Description
NFTs are all the rage in the cryptocurrency world these days. Many artists, digital creators, and even marine organizations are making money using NFTs. However, the way NFTs are processed could have implications for increasing climate change. NFTs use the Eurythreum cryptocurrency, which is controlled by users (called miners) having to solve complex puzzles to gain tokens. Solving the puzzles take up a lot of energy which emits carbon dioxide into the atmosphere. The entire Eurythreum cryptocurrency uses as much electricity as Libya. There are ways to reduce the emissions to almost zero by switching the manner in which the currency is controlled. Link to articles: 1) https://www.theverge.com/2021/3/15/22328203/nft-cryptoart-ethereum-blockchain-climate-change 2) https://ecotrust.ca/latest/media/blockchain-for-climate-foundation-launches-bitmo-platform-at-cop26/ Connect with Speak Up For Blue: Website: https://www.speakupforblue.com/ Instagram: https://www.instagram.com/speakupforblue/ Twitter: https://twitter.com/speakupforblue
Released:
Dec 10, 2021
Format:
Podcast episode
Titles in the series (100)
SUFB 051: Driftnets Killing Marine Wildlife Along California Coasts: Driftnets are killing 83% bycatch in a fishery targeting 2 species, according to Todd Steiner in a guest commentary in the Monterey Herald. The state government allows the use of driftnets because the pressure from the commercial fishing industry... by How To Protect The Ocean