A crypto group named a new frog species, and people aren't thrilled

Courtesy of James CulebrasA group of crypto enthusiasts now have a newly discovered see-through frog from Ecuador named after them., a decentralized autonomous organization that uses the Ethereum blockchain, earned the right to name a new glass frog species after funding the Rainforest Trust’s conservation efforts in the amphibian’s native habitat.

But the significant carbon footprint of cryptocurrency mining calls into question the real impact that crypto initiatives—even those that may be conservation-minded—can have on the environment. The crypto mining industry already has a carbon footprint comparable to that of some countries, an impact that is expected to grow if no action is taken.

“Having creative solutions for conservation is really important, especially nowadays,” says Rebecca Brunner, a University of California Berkeley biologist who helped describe the new glass frog. “I’m very thankful for Nouns DAO for doing this, but I really hope that if crypto continues to be a phenomenon, that it is re-evaluated in the context of climate change and conservation.”

Crypto donations that fund environmental causes are simultaneously using a mechanism that consumes an enormous amount of energy and produces tons of e-waste, only pushing our climate goals further out of reach. DAOs are crypto communities built on blockchain technology that form for a common mission and are governed by its members. The members pool their crypto assets together and vote on how to use them.

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