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CELEBS
Snoop Dog loves Dogecoin!Gorillaz got heat for their NFT release because of their album Plastic BeachFansForever.io is the site Lindsay Lohan did her NFT drop on, and it's like the marketplace for celeb NFT dropsElon Musk and Grimes posted a song about NFTs as an NFT that he ended up not selling #HODLGANGSPORTS
WWE Undertaker NFTTom Brady is launching his own NFT platformGolden State Warriors are the first Pro Sports team to release their own NFTsproceeds will go to support Warriors Community Foundation, an organization that “supports education and youth development to promote thriving students, schools and communities.”The company behind virtual trading card site, NBA Top Shot, said Tuesday it raised $305 million — the biggest ever funding round for an NFT-focused company. (Valuation: $2.6 billion).BRANDS
Taco Bell BabbbbyyyyyyProceeds go to “Live Mas” scholarship funds“Each NFT held a $500 gift card, which the original owner could spend, which may explain their popularity initially. But these TacoCards are now selling on the secondary market, with the most expensive card selling for $3,500. And just to be clear, that doesn't include the gift card.” - Creative Bloq blogVOGUE is launching an NFT platform specifically for Fashion/Arts/MusicMUSIC
DeadMau5 and RezzK-pop boy band, A.C.E, dropped an NFT on WAX, and fans were disappointed because of the environmental concerns with NFTs, but WAX is not ETH and is more sustainableSide note: WAX released a carbon-footprint NFT for earth day. Gorillaz got heat for their NFT release... -
RESEARCH & SOURCES
Eric Elliott “NFTs are VERY GOOD for the environment”The Next Web "Sophia the robot ‘created’ an NFT artwork and it sold for almost $700K"Ten Hundred “My Art Almost Destroyed the Environment: The Dark Side of NFTs & Crypto Art”SuperRare “No, CryptoArtists Aren’t Harming The Planet” Loopify “The Big Problem with NFTs: Energy Consumption”Memo Akten “The Unreasonable Ecological Cost of Crypto Art”Wired “NFTs are Hot. So Is Their Effect on the Earth’s Climate”Cheddar Now “How NFTs and Crypto Art Impact The Environment”Unchained Podcast “Why This Environmentalist Doesn’t Blame Creators for the Carbon Footprint of NFTs”3D RENDERING
800 watts an hour for 3D rendering. 19kWh per day. Average NFT is 38-48kWh, so 2-3 days of rendering = 1 NFT transaction.
Source: Andrew Price, Blender GuruSource: Render Street BlogT-SHIRT PRODUCTION & NFTS
It takes about 494 kWh to make just one cotton t-shirt. 200 cotton shirts would be 98,800 kWh, which equals energy consumption of the average American home in 8 years or 2,058 ETH transactions. (This does not include printing, shipping, etc for customized shirts). CO2 emissions from t-shirts: 2.1kg per shirt. 420kg per 200 shirts. 1 NFT transaction is 28kg CO2.
Source: World Wildlife Fund “Impact of a Cotton T-Shirt”
NFT TRANSACTIONS
Important to note that this is for a single transaction for an NFT. Memo Atkin analyzed ~1,800 NFTs and found, with all the transactions, which can include: Minting, Bids, Canceled Bids, Sales and Transfer of Ownership, that the average is: 340kWh and 211kg CO2. But again, this is still half the footprint of the cost of producing 200 cotton t-shirts.
Source: Memo Akten “The Unreasonable Ecological Cost of Crypto Art”
ALTCHAINS MENTIONED
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In Part 2 of this 2 part series, Lizzie & Zach explore...
What is an NFT?Are NFT’s evil?Is there an NFT bubble?Are NFTs a pyramid scheme?Are there new opportunities for Artists?Subscribe & Follow wherever you listen to podcasts.
Connect with us on socials @CryptoArt_Show.
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In Part 1 of this 2 part series, Lizzie & Zach explore...
What is an NFT?Are NFT’s evil?Is there an NFT bubble?Are NFTs a pyramid scheme?Are there new opportunities for Artists?Subscribe & Follow wherever you listen to podcasts.
Connect with us on socials @CryptoArt_Show
TwitterInstagram
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Cryptography: The art of decoding. Welcome to Crypto Art, the show that decodes the world of art created for a new age and traded on the bleeding edge. Join us as we walk with artists, investors, and the NFT-curious down the rabbit hole that is crypto art.
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