Green NFTs: A Study on the Environmental Impact of Cryptoart Technologies. (arXiv:2202.00003v3 [cs.CR] UPDATED) | allinfosecnews.com

Aug. 30, 2022, 1:20 a.m. | Samuele Marro, Luca Donno

cs.CR updates on arXiv.org arxiv.org

We introduce a model of greenhouse gas emissions due to on-chain activity on
Ethereum, focusing on cryptoart. We also estimate the impact of individual
transactions on the environment, both before and after the London hard fork. We
find that with the current fee mechanism, spending one dollar on transaction
fees corresponds to emitting at least the equivalent of 1.305 kilograms of CO2.
We also describe several techniques to reduce cryptoart emissions, both in the
short and long term.

environmental green impact nfts study technologies

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