NFTs work towards solving their massive carbon footprint problem
With Ethereum, vast amounts of processing energy are needed both to mine the currency, and to confirm transactions on the blockchain
With Ethereum, vast amounts of processing energy are needed both to mine the currency, and to confirm transactions on the blockchain
PointPay team aimed to create a single ecosystem where users can get all the services they need. The goal was to serve every user with internet access worldwide.
The mining process connected to how cryptocurrency is logged on the blockchain uses significant energy and contributes to global carbon emissions.
The ability to fund initiatives for a wide range of socially important issues through the sale of NFTs could power the next growth phase for this booming asset class.