I have been seeing plenty of stuff on NFTs, being overvalued as a simple strategy to get wealthy or one thing that each one digital artists ought to strive doing. I am not satisfied.
00:00 Intro
00:43 What’s an NFT?
2:10 The Promise of NFTs
4:56 Why you should not purchase NFTs – It is not the factor
5:46 There’s an infinite provide
7:11 That is an buyers market
8:08 The Actual Price of NFTs
8:48 The Environmental Price
10:21 Who’s being profitable?
11:26 In Abstract
12:17 Closing Ideas
LINKS/SOURCES:
Ethereum website: https://ethereum.org/en/nft/
Memo Akten (environmental price): https://memoakten.medium.com/the-unreasonable-ecological-cost-of-cryptoart-2221d3eb2053
Broader points with Crypto, and why they is probably not solved quickly: https://everestpipkin.medium.com/but-the-environmental-issues-with-cryptoart-1128ef72e6a3
Joanie Lemercier (environmental price): https://joanielemercier.com/the-problem-of-cryptoart/
Different estimates for environmental prices: https://venturebeat.com/2018/02/25/the-real-cost-of-mining-ethereum/
Seth Godin on the dangers: https://seths.blog/2021/03/nfts-are-a-dangerous-trap/
Various view: http://sterlingcrispin.blogspot.com/2021/02/crypto-art-sky-is-not-falling.html?m=1
Time article: https://time.com/5947911/nft-environmental-toll/
Wired article: https://www.wired.com/story/nfts-hot-effect-earth-climate/
A software to estimate the carbon footprint of an NFT: https://carbon.fyi/
BLOG: http://jacklawrence.net/blog/2021/4/7/why-you-shouldnt-buy-nfts
INSTAGRAM: https://www.instagram.com/jack.lawro/
FACEBOOK: https://www.facebook.com/jack.lawro
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