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Carbon Offsets for NFTs Don t Address the Deeper Problem The NFT space has a ballooning carbon problem. But rather than address emissions head-on, platforms may be turning to at best, self-deception and at worst, greenwashing by relying on carbon offsets. Advertisement Over the weekend, the platform Nifty Gateway ran an auction dubbed the #CarbonDrop that was, it said, “inspired around climate change.” The auction included a Beeple piece that went for $6 million along with a host of other artists whose work sold for an additional $600,000. The proceeds benefited the Open Earth Foundation, a nonprofit focused on using the blockchain for climate accountability and tracking emissions. To deal with the estimated 500 tons of emissions associated with the auction, the artists were all given carbon offsets. The problem with these offsets is that they don’t actually reduce emissions, they just as the name says offset them through activities like planting trees.

United statesTyler winklevossEarth foundationCarbon offsetsDont addressDeeper problemNifty gatewayOpen earth foundationCarbon dropஒன்றுபட்டது மாநிலங்களில்பூமி அடித்தளம்கார்பன் ஆஃப்செட்டுகள்நிஃப்டி நுழைவாயில்திறந்த பூமி அடித்தளம்கார்பன் கைவிட