• The Hidden Truth About NFTs

  • Jul 21 2023
  • Length: 5 mins
  • Podcast

The Hidden Truth About NFTs

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  • Summary

  • NFT’s are powered by blockchain and most often, are Ethereum based. Did you know that the energy consumed by Ethereum every year is the same as that of Nigeria’s annual energy consumption? The amount of energy consumed by cryptocurrencies makes us wonder how much is the NFTs impact the environment. Let’s try and answer two key issues here: 1 What is their effect on the environment? 2. How can we reduce the impact?
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