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August 11, 2022
HR Technologies

The digital world is not necessarily greener than the physical world

No sooner had the world learned about the existence of non-fungible tokens (NFTs) than we also learned how much of a problem they could be for the environment. An NFT is digital token in a similar way to Bitcoin, except there’s only one of each NFT. It is associated with a piece of content, guaranteed unique and so is worth whatever somebody will pay for it. In the case of a digital artist called Beeple, who had only ever previously sold a piece for $100, this was $69 million for an NFT for a digital collage of images called Everydays: The First 5000 Days sold at Christie’s in March. Bought by a collector in Singapore, this made him one of the world’s “top three most valuable living artists,” according to the auction house. …
The digital world is not necessarily greener than the physical world

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