I heard NFTs are really bad for the environment. Is that true?
Minting an NFT directly on the Ethereum blockchain (the most popular blockchain for NFTs) requires a large amount of electricity. In general, creating large amounts of electricity can result in significant CO2 emissions. We are aware of the large computing power used and the environmental implications, that is why we have partnered with Flow blockchain, which uses significantly less computing power and therefore results in lower emissions. On flow each transaction costs the same amount of electricity as using the toaster for a slice of bread.
Blockchain energy consumption