DigitalArt4Climate was launched by the United Nations
DigitalArt4Climate was launched by the United Nations as part of the Year of Creative Economy for Sustainable Development. DigitalArt4Climate is a multistakeholder partnership initiative that turns art into digital assets (NFTs) and is supported by UN-Habitat, and IAAI-Glocha with technology partner Unique.Network from the PolkaDot ecosystem and creative partner Exquisite Workers. In this project, young people, climate challenges and technology were all brought together to raise awareness of ...
DigitalArt4Climate was launched by the United Nations
DigitalArt4Climate was launched by the United Nations as part of the Year of Creative Economy for Sustainable Development. DigitalArt4Climate is a multistakeholder partnership initiative that turns art into digital assets (NFTs) and is supported by UN-Habitat, and IAAI-Glocha with technology partner Unique.Network from the PolkaDot ecosystem and creative partner Exquisite Workers. In this project, young people, climate challenges and technology were all brought together to raise awareness of ...
Nuttall has a more unique perspective when it comes to explaining the link between cr
“I see it as an alternative way of storing energy consumption. Consider an electricity company operating a hydroelectric dam. When they empty the water, they produce electricity which they sell back to themselves off peak at a low rate to refill the dam but sell onto the grid at a premium rate.“I see the production of cryptocurrency as an alternative means of storing value — it’s just that instead of it being water, it’s in a cryptocurrency.”Nutall also uses the invention of the motor vehicle...
Nuttall has a more unique perspective when it comes to explaining the link between cr
“I see it as an alternative way of storing energy consumption. Consider an electricity company operating a hydroelectric dam. When they empty the water, they produce electricity which they sell back to themselves off peak at a low rate to refill the dam but sell onto the grid at a premium rate.“I see the production of cryptocurrency as an alternative means of storing value — it’s just that instead of it being water, it’s in a cryptocurrency.”Nutall also uses the invention of the motor vehicle...
Nuttall compares it to a plane going from London to New York. “The plane is going anyway, where or not every seat is filled.”
So what is the carbon footprint of NFTs?The Cambridge Bitcoin Electricity Consumption Index (CBEI), housed in the Judge Business School at the University of Cambridge, UK, has been tracking Bitcoin since 2019. In its most recent findings published in May 2021, the CBEI reported that Bitcoin mining currently consumes 133,68 terawatt hours a year of electricity – consistently rising year each year from when this research began. Similar studies into the carbon footprint of Ethereum produce simil...
Nuttall compares it to a plane going from London to New York. “The plane is going anyway, where or not every seat is filled.”
So what is the carbon footprint of NFTs?The Cambridge Bitcoin Electricity Consumption Index (CBEI), housed in the Judge Business School at the University of Cambridge, UK, has been tracking Bitcoin since 2019. In its most recent findings published in May 2021, the CBEI reported that Bitcoin mining currently consumes 133,68 terawatt hours a year of electricity – consistently rising year each year from when this research began. Similar studies into the carbon footprint of Ethereum produce simil...
uced every ten minutes, while on Ethereum it’s more like every 15 seconds
hopped off a webinar with bankers. He wears a shirt (to impress the bankers) and a hoodie (to prove his tech credentials), but finds himself answering the same questions again and again. “The Silk Road and money laundering in crypto is still a top question,” he says, as he visibly sighs. “And I point out to them that the most money laundering is executed in the U.S. dollar. We have a way to go.” Nuttall begins by addressing layer-one blockchains and the energy charges.* *
uced every ten minutes, while on Ethereum it’s more like every 15 seconds
hopped off a webinar with bankers. He wears a shirt (to impress the bankers) and a hoodie (to prove his tech credentials), but finds himself answering the same questions again and again. “The Silk Road and money laundering in crypto is still a top question,” he says, as he visibly sighs. “And I point out to them that the most money laundering is executed in the U.S. dollar. We have a way to go.” Nuttall begins by addressing layer-one blockchains and the energy charges.* *
Crypto is like a double-edged sword, one good piece of news is followed by ten bad reactions. It’s like being the parent of the hyperactive kid in the kindergarten
ounces off the walls like a demon and the other parents hate him, but you know he’s a sweet, thoughtful and kind soul who will one day find the cure for cancer. And as you stand surveying the debris of his day in kindergarten with the other parents giving you the evil eye and the Montessori teacher sadly shaking her head, you cannot wait for that day to come soon enough. So, in crypto, one step forward is the introduction of nonfungible tokens, or NFTs. Finally, something that everyone — incl...
Crypto is like a double-edged sword, one good piece of news is followed by ten bad reactions. It’s like being the parent of the hyperactive kid in the kindergarten
ounces off the walls like a demon and the other parents hate him, but you know he’s a sweet, thoughtful and kind soul who will one day find the cure for cancer. And as you stand surveying the debris of his day in kindergarten with the other parents giving you the evil eye and the Montessori teacher sadly shaking her head, you cannot wait for that day to come soon enough. So, in crypto, one step forward is the introduction of nonfungible tokens, or NFTs. Finally, something that everyone — incl...
