What's The Link Between NFTs And Climate Change?

The video discusses the energy consumption of NFTs, particularly on the Ethereum blockchain, which uses a proof of work model. This model is energy-intensive, contributing significantly to carbon emissions. Alternatives like proof of stake, which is more energy-efficient, are being considered. The video also explores the carbon footprint of NFTs and the potential for green solutions to mitigate environmental impact.

What is the estimated energy consumption of Ethereum per year?

How does the proof of work model in Ethereum function?

What are some green solutions mentioned for building NFTs?

What is the difference between proof of work and proof of stake models?

What are the potential environmental impacts of NFTs according to the text?