Amid Environmental Concerns, What Are the Alternatives for NFTs?
Innovation & Tech Today07 May 2021 | 14:46 pm
The average cost of a single NFT transaction, of any description, is around 35 kWh, approximately the same as one EU resident’s power consumption for four days. The average NFT footprint is around 340 kWh, emitting over 200 kilos of CO2. This is the equivalent of flying for two hours, driving 1,000 kilometers, or the average energy consumption of an EU resident for around one month.