2021 has been a breakout year for NFTs, with sales increasing from $13.7 million during the first six months of 2020 to $2.5 billion during the first half of 2021. That’s an increase of roughly 18,148% year-over-year. The enormous growth in NFTs sales has produced other outcomes that may come as a surprise. One of the most lesser known outcomes is the impact that creating, buying, and selling NFTs has on the environment.
However, there are actions being taken to reduce the environmental impact of NFTs, include pledging to be carbon neutral, switching to the Proof of Stake model, and hosting NFT auction fundraisers. Find out more by watching the video in full.
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