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We're planning to use carbonfund.org to offset not only any possible co2 impact this NFT may have, but more in order to make this project a net positive for our environment.
According to Frontier Group, analysts with focus on creating a more suistanable world:
NFTs are minted on the Ethereum blockchain, the second most popular after Bitcoin. One analysis found the energy footprint of the average transaction on this network is roughly 35 kWh — about the same as powering a refrigerator for a month.(1)
And that's obviously a problem, NFTs being a new trend, it's inevitable that it will be scrutinized. And that's a good thing, it brings awareness to the impact our daily life on our planet. Let's try to put things in perspective:
- Amazon activities tied to its businesses emitted 51.17 million metric tons of carbon dioxide last year, (2)
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Each iPhone X production: 79 kg of CO2 (3).
- Overall 2019 iPhone production: 18.9 million metric tons of CO2(3)
- Average car production: 12 tons of CO2 during production (without accounting for later use) (4)
- Annual emissions from the world's merchant fleet have already reached 1.12bn tonnes of CO2, or nearly 4.5% of all global emissions (5)
- Ethereum makes up 0.02% to global emissions and NFTs make up 3% of Ethereum processing. NFTs make 0,0006% of global emissions.(6)
We like it or not, every action we make has an impact. People are not going to stop buying iPhones, new cars, etc. Even the metal straw you bought to save the planet probably came from China in a merchant ship. But we consider NFTs controversy a good thing. For two reasons:
Ethereum (NFTs base) reduced 99% of its emissions
NFTs environmental impact data and news are outdated. Since ethereum, the system NFTs are based, changed from proof of work to Proof of stake, it decreased the energy consumption of the average operation by 99%.(7)
Awareness
While the information has probably been overblown (you're not saving the planet by harrasing an artist for doing NFTs from your new iPhone), It's a good thing we're talking about our CO2 footprint to try to minimize and offset our impact in the world.
OUR APPROACH TO NFTS
We see NFTs as a really unique opportunity to empower artists and collectors, but also to create a positive change, if done right.
Because of that, we plan to offset for 150x times the CO2 estimated to be generated by each NFT under the old emissions of ethereum, that no longer applies. This is not just going carbon neutral, We are trying to make a positive impact with my art, and hopefully it becomes a trend.
As you can imagine We've read quite a lot for this, and while we don't expect everyone to agree with us, We honestly think that we're doing something with an enormous potential to have a positive impact in the world.
PLASTIC OCEAN NFT
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NFT Project Artists: Nacho Diaz & Alex Solis Launching on MakersPlace, this carbon-negative NFT was created to raise awareness about plastic pollution in our oceans.
100% of the profits from the first sale (up to $20,000) will be used toward 4Ocean’s Pound+—a program that facilitates the removal of trash from the ocean, rivers, and coastlines around the world.
If we are lucky enough to exceed our goal, we will distribute excess funds to other charities and companies with similar missions. We will be transparent with the community and share more details as they get finalized, in hopes for others to consider using this platform as a way to support important causes as well.
Plastic Ocean“Plastic Ocean” has been featured in numerous outlets, shared hundreds of times on social media, displayed at the Next Level Gallery in Australia, displayed in "Mowen Mullz Und Meerjungfrauen" and printed in books in Germany.
REFERENCES:
(1) https://frontiergroup.org/blogs/blog/fg/nfts-hot-new-fad-massive-environmental-cost
(2) https://apnews.com/article/95986c4ba779f1d35ac4ca2afdd745c3
(3) https://www.cnet.com/news/apple-iphone-x-environmental-report/
(5)https://www.theguardian.com/environment/2008/feb/13/climatechange.pollution
(6)http://sterlingcrispin.blogspot.com/2021/02/crypto-art-sky-is-not-falling.html