A few weeks ago NFTs burst into headlines when Christie’s sold the digital art of the digital artist known as Beeple for more than $69 million.
See our blog post on that event here.
The environmental price of NFTs and cryptocurrencies like Bitcoin are as mind-boggling as the auction results. According to this article by the New York Times, an average NFT requires the energy equivalent of driving 500 miles in a gas powered vehicle. Read more here.