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The State of NFT Environmental Impact Reduction: A Gitcoin Bounty Report

Posted on May 10 2021

It's undeniable that the energy that many popular #NFT platforms use is unsustainable for the long run. 🌳 That being said, what alternatives do we have as #ecofriendly artists, entrepreneurs, and collectors? Robin Roy Thomas and I have been working for the past month on our Gitcoin research paper "The State of NFT Environmental Impact Reduction in Non-Fungible Tokens” where we tackle this question!

Our research paper that audits the energy efficiency of NFT projects across chains that currently support NFT minting. Based on our analysis, we uncovered common characteristics that can be used to reduce the environmental impact of NFT minting and transactions.

We looked at...

🌐 26 different blockchains!

πŸ–₯️ 80 different NFT platforms!

🌳 Four key design considerations that can lower environmental impact!

Read the full report on Github here.