How the world is being destroyed by million dollar JPEGs

NFTs are being talked about on every corner of the internet. They are very controversial, and by searching them up on any social media platform, you can see millions of people mocking people that own them. If you don’t know, NFT stands for non-fungible token. That basically means that it is a unit of data that cannot be interchanged and stored on a blockchain, or a list of records connected together through cryptography. These NFTs usually take the form of images, videos, and other types of digital files.

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Many people see NFTs as worthless pictures and videos that only idiots would buy. People can simply screenshot or download any NFT they want, which is why people think they are worthless. The most popular NFTs are lazily made and very unpleasant to look at. Just search up any NFT from the CryptoPunk or the Bored Ape Yacht Club collections and ask yourself if any of them are worth thousands of real-life dollars. The general consensus is no, and that is why they are mocked on every corner of the internet.

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If NFTs were harmless, many people would simply ignore them. However, they pose a significant threat to the environment. According to Digiconomist, a single transaction with Ethereum (the currency used to purchase NFTs) releases 43 megatons of carbon dioxide into the atmosphere annually. This is close to the annual carbon dioxide emissions of the entire country of Finland. Carbon dioxide is one of the leading causes of global warming, a severe problem that can cause increased heat, higher sea levels, dirtier air, and more acidic oceans.

The exchanging of NFTs is a waste of money, time, and resources. They are slowly destroying the world through massive carbon emissions that rival entire countries, and they are helping the terrifying threat of global warming become worse. The more these worthless pieces of data grow in popularity, the more damage they will cause to the environment. That is how the world is being destroyed by NFTs.

Logan Gorospe is a freshman member of the The Quill