NFTs, the way of the future?

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    Topic: NFTs, the way of the future? Read 101 Times
  • Vieri Bottazzini
    Vieri Bottazzini
    Participant
    Posts: 13
    Topical debate
    on: April 10, 2021 at 12:08 pm

    In today’s fast developing cryptoworld, NFT are gaining new followers, collectors and creators everyday. While there are people on both sides of the fence, lovers and haters, supporters and denigrators, believers and sceptics, it is clear to me that NFTs are here to stay – as are blockchain and cryptocurrencies.

    Personally, I find NFTs interesting for various reasons.

    Commercially, I love the fact that hey are adding unicity to what would otherwise be just another digital file that everyone can copy, duplicate and share without recognising any compensation – or even credit – to the author.

    Artistically, as a Fine Art landscape photographer who has been working for a long time on investigating the effects of time on still images, and on representing it in my photographs, I love the fact that they will stay around forever – as much as there can be such a thing as “forever” in the first place, of course – and that adds a layer of “timelessness” to my work on the effects of time. Plus, it gives me the possibility to play with moving stills in a way that the printed medium obviously doesn’t allow me to do.

    Last, I love the fact that the files are “out there” divided among all and belonging to none, so to speak – the beauty of blockchain applied to art.

    Therefore, I started a Foundation account where I started collecting art, and where I also will be minting my own, starting soon now that I became a creator. Here it is, for those interested: ​https://foundation.app/vieribottazzini

    So, what do you think about NFT and their application to the art of photography? Looking forward to your thoughts, best regards

    Vieri

    Vieri Bottazzini

    WEBSITES | Daily updated INSTAGRAM

    John Hollenberg
    John Hollenberg
    Participant
    Posts: 21
    Re: NFTs, the way of the future?
    Reply #1 on: April 11, 2021 at 11:47 am

     

    The climate cost of NFT is very high, so not a fan of these or any other blockchain technology:

    https://time.com/5947911/nft-environmental-toll/

    Vieri Bottazzini
    Vieri Bottazzini
    Participant
    Posts: 13
    Re: NFTs, the way of the future?
    Reply #2 on: April 11, 2021 at 11:54 am

     

    The climate cost of NFT is very high, so not a fan of these or any other blockchain technology:

    https://time.com/5947911/nft-environmental-toll/

    Hello John,

    that is a concern for sure. Waiting for the day when power will come from renewable sources, on my end I decided to fund planting of trees to offset the carbon impact of the artworks I sell – is not a solution, but it helps, I believe.

    Best regards,

    Vieri

    Vieri Bottazzini

    WEBSITES | Daily updated INSTAGRAM

    John Hollenberg
    John Hollenberg
    Participant
    Posts: 21
    Re: NFTs, the way of the future?
    Reply #3 on: April 13, 2021 at 9:34 am

    “According to an estimate backed up by independent researchers, the creation of an average NFT has a stunning environmental footprint of over 200 kilograms of planet-warming carbon, equivalent to driving 500 miles in a typical American gasoline-powered car.”

    “It turns out my release of six crypto-artworks consumed in 10 seconds more electricity than the entire studio over the past 2 years,” Mr. Lemercier wrote on his website. He said he was putting future NFT releases on hold. “It felt like madness to even consider continuing that practice.”

     

    Vieri Bottazzini
    Vieri Bottazzini
    Participant
    Posts: 13
    Re: NFTs, the way of the future?
    Reply #4 on: April 13, 2021 at 9:44 am

    “According to an estimate backed up by independent researchers, the creation of an average NFT has a stunning environmental footprint of over 200 kilograms of planet-warming carbon, equivalent to driving 500 miles in a typical American gasoline-powered car.”

    “It turns out my release of six crypto-artworks consumed in 10 seconds more electricity than the entire studio over the past 2 years,” Mr. Lemercier wrote on his website. He said he was putting future NFT releases on hold. “It felt like madness to even consider continuing that practice.”

     

    About the environmental issue, that is a very real one. I do fund the planting of 250 trees for every Workshop participant joining me on my trips, to offset their carbon impact, and I funded the planting of over 13.000 trees so far; for NFTs, I am going to plant 250 or 500 trees (depending to the kind of work), which will absorb an average of a tonne of carbon each during their lifetime – therefore compensating between one and two thousandfold for the impact of creating the artwork. Until power will come from renewable sources only (or from safe nuclear plants with no exhaust nuclear material problems), I believe that’s the best I can do 🙂

    Best regards,

    Vieri

    Vieri Bottazzini

    WEBSITES | Daily updated INSTAGRAM

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