One of the most common reasons people dislike NFTs is their energy consumption. The technology NFTs are stored on, a blockchain, needs a lot of energy to store information on. Because of this, when storing each individual NFT on the blockchain, larger and larger amounts of energy are required. Some estimates even suggest the average NFT consumes more energy than an average EU resident uses in a month. I’m not trying to tell you how to think, but is a digital image really worth all the energy that’s put into it?
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