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"The crypto mining industry is a massive energy user," Vitali said at the time. "Globally, crypto mining consumes more energy than the countries of Argentina and Australia. This high level of energy usage places more stress on the environment and accelerates the climate crisis, in addition to raising costs for
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Digital twin nonfungible tokens, or NFTs, aren't just reserved for consumer products anymore. Netherlands-based decentralized carbon credit exchange Coorest and conservation consulting firm PLCnetwork of the Southern Hemisphere teamed up to tokenize individual real-world endangered animals at game reserves and privately owned conservation areas in Africa. These wildlife NFTs enable holders
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At a time when non-fungible tokens face scrutiny for environmental damage, 14-year-old Abigail is using NFTs for conservation.Her project, “Belugies,” is a collection of 8,000 cartoon beluga whale NFTs created on the Solana blockchain. Abigail made the artwork for the project by hand, with plans to donate a portion of
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