Big announcement tomorrow about my upcoming #CryptoArt releases.
The problem of #CryptoArt.
joanielemercier.com/the-problem-of…
A long read on the magnitude of the disaster, the lack of transparency, and the steps to reduce #NFTs emissions.
joanielemercier.com/the-problem-of…
This lack of transparency ruined 2 years of efforts and drastic reductions of electricity consumption.
In 10 seconds.
#CryptoArt
The magnitude of the problem was revealed by the recent research and writing by @memotv.
Your can analyze your own #NFTs impact on CryptoArt.wtf
⚠️ I am urging artists and friends to put their #CryptoArt sales on hold, just for a few weeks. ⚠️
If platforms focused on implementing "NFT Scaling" today, instead of dropping more #NFTs, the problem would be solved faster.
Which #CryptoArt platform will be ready first ?
@SuperRare, @makersplaceco, @niftygateway, @KnownOrigin_io, @withFND, others ? 👀👀👀
Today, the Crypto infrastructure relies mostly on fossil fuels (64% of the world’s electricity: coal 38%, oil and gas 26%).
The CO2 emissions, combined with a steady growth of consumption is pushing us towards a climate apocalypse.
We, as technologists, softwares developpers, and big energy consumers, are at the core of the fossil fuels extraction.
ie: this coal mine runs on #Autodesk softwares.
Yesterday on @niftygateway:
A single artist burned the equivalent of 49 years of electricity consumption, with an edition of just 2 artworks.
CO2 emitted: 103,129 Kg
cryptoart.wtf/#address=0xd94…
500.000 views later...
... not a single platform has publicly acknowledged the issue on their website.
Here's what the platforms can/should do now, by @memotv
github.com/memo/eco-nft
Yes, it is possible to 'Offset' the impact of #CryptoArt
But the timescale for a single #NFT is daunting. 😱😱
The confusion around Carbon "Offset".
joanielemercier.com/the-problem-of…
"Offsets" will have no impact on your own CO2 emissions.
None.
joanielemercier.com/the-problem-of…
Very interesting read by @everestpipkin
This lack of transparency from the platforms
is fueling a wave of anger and rage against #NFTs.
🔥😡🔥😡🔥
Last week I shared my experience of #CryptoArt with @WIRED
wired.com/story/nfts-hot…
The solutions for #CleanNFTs are already here !
15 platforms offer artists an clean alternative to Ethereum, today:
docs.google.com/spreadsheets/d…
The most popular #CleanNFT platform right now is hicetnunc.xyz
It runs on #Tezos, a low energy consumption PoS sidechain.
Despite its experimental interface and unstable site, @hicetnunc2000 has attracted 1000+ artists and 4000 new works in just one week.
@quasimondo, who initiated the move to #CleanNFT is making an artwork from the artworks.
I was on @BloombergTV last week with @pablorfraile and @beeple.
My 8 seconds: "Proof-of-Stake reduces the impact by 99%"
I shared my experience of CryptoArt and the impact of NFTs on climate with @HirokoTabuchi for the @nytimes.
nytimes.com/2021/04/13/cli…
I updated my article:
The problem of (Ethereum) CryptoArt
While Ethereum platforms have failed to address the issue, artists now have 30+ low-energy consumption, ethical alternatives to create NFTs.
joanielemercier.com/the-problem-of…
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.