How NFTs and the Metaverse Can Help Save the Planet

The caput of a starring South Korean cryptocurrency speech has precocious promised that its non-fungible tokens featuring the world-famous K-pop set BTS volition beryllium minted by “low carbon, eco-friendly” exertion aft receiving backlash from environmentally conscious young fans astir the vigor usage of NFTs. Wait a minute, environmentally conscious people. NFTs and the metaverse are not environmentally unfriendly technologies. To the contrary, they tin prevention the satellite and bring humankind a overmuch greener future.

The Crypto Mining Required for Minting Supports the Development of Green Energy

South Korea is not lone among the leaders of the planetary cryptocurrency and blockchain contention — the fans of South Korea’s astir successful, world-famous K-pop set BTS are besides precise educated connected the subject. When Hybe, the amusement institution that manages BTS, announced that they would contented BTS-themed NFTs that volition play music, the absorption of the fans was not “what is an NFT,” but alternatively “NFTs are not eco-friendly.” Sirgoo Lee, CEO of Upbit’s relation Dunamu which is successful a associated task with Hybe, had to promise successful effect that Hybe would usage “low carbon, eco-friendly” exertion to mint the NFTs.

The contention surrounding the biology interaction of crypto mining and minting NFTs is chiefly centered connected vigor consumption. But successful fact, galore crypto mining farms thin to beryllium located successful low-temperature, high-latitude countries wherever energy is overmuch cheaper and is generated from renewable sources specified arsenic geothermal oregon hydroelectric power. Even energy from volcanoes is being developed for crypto mining. The precocious formed Bitcoin Mining Council calculated 56% of the manufacture uses sustainable vigor resources.

Although immoderate manufacture experts bash reason astir the calculation, it’s undeniable that seeing cryptocurrency and NFTs arsenic environmentally unfriendly technologies demonstrates an isolated and constrictive presumption of what cryptocurrency and NFTs tin really bash for mankind and the environment.

Instead of Purchasing Physical Commodities and Luxury Goods, Buy More NFTs

The existent satellite is flooded with waste. So adjacent clip you privation to dainty yourself to immoderate shopping, see a chill NFT instead.

Gift boxes, integrative and nylon wrappings, vacation décor, constricted editions, peculiar collections, you get the idea. The quality tendency for purchasing and owning fundamentally unnecessary things has been astir for centuries. In bid to substance this consumerism, merchants and brands bash their champion to marque further items that clasp peculiar worth passim time. Killing oregon suffocating this century-old depletion tendency would beryllium hard, but determination are besides alternatives.

Instead of purchasing, owning, and aboriginal discarding and littering carnal objects everyplace — which are wholly not biodegradable and would extremity up floating connected oregon sinking heavy into the oceans — wherefore not migrate this tendency to the metaverse and support it digital?

Minting NFTs is not an add-on to the already existing quality footprint connected the fragile environment. Hopefully, erstwhile much and much radical migrate their depletion from our existent satellite to the blockchain-based metaverse, the carnal depletion of commodities and the monolithic magnitude of junk generated done this process volition besides beryllium mostly replaced by the virtual and much eco-friendly NFT.

In the past six months, an expanding fig of artists, celebrities, and adjacent politicians person released their NFT collections connected the blockchain. It is astonishing that radical of societal power are starring the way, issuing integer constricted editions and peculiar collections, alternatively of printing cards, molding plastics, manufacturing chemicals, and polluting the situation erstwhile the items are nary longer viewed arsenic valuable.

Instead of Accumulating Mileage, Let’s Meet successful the Metaverse

Flying from the U.S. to Europe for a concert, concern meeting, oregon a clime league generates much CO2 per rider than an mean idiosyncratic emits successful a full year. Why not conscionable successful the metaverse?

During the Covid-19 pandemic, galore radical astir the satellite noticed however quality somewhat returned to its beingness and vibrancy with humans not transgressing against it. Wild flowers were blossoming, bluish skies were back, valleys filled with cheerful water, and the fields turned greenish again.

Although it’s bittersweet that BTS fans were not capable to alert each the mode to Europe oregon the West Coast of the U.S. to be the concerts, and radical were forced to bash each the meetings connected Zoom, the saved mileage and the reduced CO2 emissions were a large blessing to the environment. So wherefore not support it this way?

The Snoop Dogg performance wrong The Sandbox, 1 of the starring metaverse experiences, was a precise palmy experiment. It shows america the anticipation of creating breathtaking meetups and ample events wrong the metaverse without the request to alert radical around, thrust radical crossed the city, and battalion radical into a carnal determination with a constricted fig of overpriced tickets.

Maybe the United Nations Climate Change Conference should see having a metaverse-based league to empower attendees to chopped their biology footprint?

If you were a K-pop fan, would you take to enactment your set by purchasing an eco-friendly non-fungible token?

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