Quote Originally Posted by Mysticp View Post
Keep reading, was all BS in the end. Site was calculating wrongly.:
average NFT has a carbon footprint somewhat lower than Space Cat’s but still equivalent to more than a month’s worth of electricity for a person living in the EU. Those numbers were shocking to some people. But then Akten saw that the website had been used to wrongly attribute an NFT marketplace’s emissions to a single NFT.
Ok, so where are the correct calculations?
Akten is far from the only person who's tried to analyze this and came away with a Grim result.
He may be wrong, but other have still pegged his wrong answer as not too far off.
For example

Digiconomist estimates a single Ethereum transaction’s carbon footprint at 33.4kg CO2, while artist and programmer Memo Akten estimates that an average transaction specifically for NFTs has a carbon footprint of about 48kg CO2.
Sauce:
What Are NFTs, And What is Their Environmental Impact?
https://earth.org/nfts-environmental-impact/

Pointing out that one person was mistaken doesn't unravel everyone's claims that NFTs are not environmentally safe.



Even biased crypto positive spaces like BeingCrypto outline a non-negligible impact, even when you observe just the NFTs impact separate from crypto.

NFTs and the Environment — Projects Are Taking Sustainability Seriously
https://beincrypto.com/nfts-and-the-...ity-seriously/

Data Analyst Erin Davis outlines the CO2 emissions of NFTs for Quartz.

In the report, NFTs are compared to standard printed art and gas cars. On average, a piece of printed art results in around 2.5 kg of extra CO2 emissions. This is about the same as a gas-powered car creates every five miles. Meanwhile, the CO2 emissions from minting and auctioning off an NFT can be up to 100 times higher.

However, according to the report, it is the mining process that is the big offender. An estimation puts one NFT’s lifetime CO2 emissions are the same as a car traveling more than 500 miles.

Mining costs have gotten so bad that estimates put the power required to mine one bitcoin is equivalent to the electricity used by the average U.S. home in 50 days. That leaves the average cost of mining a bitcoin around $200.

While NFTs are “minted,” not “mined,” the process is the same.