Comments 874

Re: Sega Will Start Selling NFTs Based On Its IPs This Summer

TryToBeHopeful

@Bearzilla823 It doesn't have anything to do with the storage of a jpeg, it has to do with the computational generation of the NFT. Basically computers solving hard maths problems. It's why nobody can buy graphics cards. And those graphics cards use lots of energy when they're being turned into hard math problem solvers.

Re: Sega Will Start Selling NFTs Based On Its IPs This Summer

TryToBeHopeful

@impurekind Because crypto bros. It also doesn't limit anything accurately (because I could generate an NFT of the mona lisa and sell it to you) or bestow copyright or deal with anything that's not already covered by paper certificates of authenticity, and regular property law. Also if the website linked to your NFT goes down, you are SOL.

Re: Sega Will Start Selling NFTs Based On Its IPs This Summer

TryToBeHopeful

https://blog.duncangeere.com/the-environmental-cost-of-cryptoart/

"A single cryptoart NFT ("non-fungible token" - which cryptoart folks have declared to represent the ownership of a digital artwork) involves potentially dozens of transactions. Akten analysed 18,000 of these tokens, finding that the average NFT has a footprint of around 211 kg of CO2 equivalent. That's the same as an EU resident's electric power consumption for more than a month, driving for 1000km, or a return flight from London to Rome. And that's just for keeping track of who owns it - it doesn't include the energy consumption used in the creation of the work, its storage, or the website it's hosted on."