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NFTs Are Shaking Up the Art World. They May Be Warming the Planet, Too

April 19, 2021

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.