. When you own an NFT, only you have it. People can make copies of it but “the blockchain can verify who the owner is”. And that’s only just the appeal of NFTs for the investors.
Ethereum, a cryptocurrency used to buy NFTs, uses up an insane amount of energy to mine. This in turn would mean that NFTs need that same amount of energy, and that can be really damaging to the environment—depending on how your country generates electricity., one transaction is 194.16 kWh, with the annual total Ethereum footprint of the Phillippines. Shahrizan explains that the energy consumption soars up because Ethereum is more expensive.
I’m not shaming anyone who gets into NFTs at all. Sometimes it can be all they are able to do as an artist. Also, there are ways to have more sustainably sourced NFTs like, which claims that it doesn’t need as many computers to maintain the same network as Bitcoin and Ethereum.
Same like bitcoin. That's why some people mine using illegal electrical wiring in order not to pay huge amount of bill. Wasting energy. And causing graphic card shortage as well.
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