What Is the Impact of NFTs on the Environment?
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NFT
Apr 20, 2022
11 min read
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Introduction
In 2021, the non-fungible token (NFT) space generated more than $23 billion in trading volume, with single digital assets commonly fetching prices in the millions of dollars.
Source: nyan.cat
For example, an animated image of the rainbow-shooting "Nyan Cat" sold for $660,000 in a blockchain sale, while musician Steve Aoki released his music video Hairy as an NFT and sold for $888,888.88.
Source: YouTube