Thread by @JoanieLemercier

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

https://twitter.com/everestpipkin/status/1367253353571483652

This lack of transparency from the platforms
is fueling a wave of anger and rage against #NFTs.

🔥😡🔥😡🔥

https://twitter.com/bennjordan/status/1369341966161485826

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.

https://twitter.com/TezosInAfrica/status/1366108259518713860

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.

https://twitter.com/quasimondo/status/1369995111115980801

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…