Enrex, is a cornerstone of the blufolio blockchain VC holding – ask us about it!
“Crypto as a whole is havily dependent on energy use and, in turn, high carbon emissions. Individual pieces of crypto art — NFTs — are one of the worst offenders, responsible for millions of tonnes of planet-heating carbon dioxide emissions. Emissions are generated by minting NFTs and employing cryptocurrencies to buy and sell them. This conundrum establishes a between digital artists. Some think this type of problem can be resolved quite easily, and those who deem such proposed solutions to be nothing more than a pipe dream. Either way, widespread blockchain adoption is accelerating at an unprecedented pace. This means that blockchain-based solutions might be the most powerful tool to help fight climate change. All of the potential fixes for carbon emissions emitted by the cryptocurrency industry and specifically by the NFTs are in the works to varying degrees, but they have not been fully adopted as of yet. Or have they?…”