Ecology is a great concern of the twenty-first century. NFTs do not escape the trend of going green, or at least reducing their ecological nuisance. Like the organic labels that have conquered part of the food industry, the ecological impact of an asset or a company can no longer go unnoticed. Environmental responsibility and social pressure are increasingly weighing on the image of polluters. While some players in the NFT ecosystem are committed to reducing their carbon footprint out of ecological conviction, others are more pragmatic. In order for consumers to continue to consume, it is better to continue to please them. The blockchain universe is strongly criticized for its carbon footprint and its massive energy consumption. Of course, NFTs are in the line of fire, right after the more well-known cryptocurrencies of the general public. However, some commendable initiatives are trying to remedy this problem…
Promote ecological blockchains and reduce the minting
A first solution would be to dispense with the Ethereum platform, and place his works on other platforms such as Cardano or Polygon. The latter use an authentication system that is more energy efficient than that of Ethereum, which requires solving ever more complex puzzles, a process that is extremely demanding on electricity. But, for this to work, this promotion of green blockchains must be a choice coming from both developers and NFT buyers. Another idea that the developers are considering would be to decrease the “typing”, or minting, a non-fungible token. Indeed, this process is one of the reasons for the high electricity consumption of an NFT … By limiting the “strike” only to the sale of an NFT, we would thus reduce the overall impact of these.
Ecology, a commitment that is becoming a priority for some NFT actors
Some players are making the ecological struggle a trademark, such as the start-up Oregen, which is launching NFT collections of endangered species. The “minting” of Oregen tokens is also done on the Polygon blockchain, one of the least polluting blockchains today. Indeed, it has recently said that it is ready to create a more ecological blockchain. Its goal: to become the first blockchain with a carbon-neutral footprint.
Today, ecological awareness animates the minds and mobilizes our entire society. The big polluters are trying to restore their coats of arms, to give themselves a better image. Cynicism or real conviction… it doesn’t matter, the measures go to ecology. And cryptocurrencies are also involved in this dynamic. Blockchains are engaged in the ecological struggle, are thinking about ways to reduce the energy consumption of NFTs. Some like Polygon even want to achieve carbon neutrality.
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Student passionate about entrepreneurship and fascinated by the technologies behind cryptos! Yes, I am convinced that the two are intimately linked: blockchain and NFTs are revolutionizing many sectors and present unprecedented opportunities.