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I appreciated the breakdown of steps involved in selling an NFT. Cool writeup.
by dave_sullivan 6y ago
I appreciated the breakdown of steps involved in selling an NFT. Cool writeup.
- ehsankia 6y agoIt was especially funny right after admitting the hosting cost was 70$, but he then spent 70$ x 2 to get 200$ in unusable NFT credits.
- DangerousPie 6y agoYeah, that was actually really interesting to me.
- iamacyborg 6y agoYeah, except for entirely glossing over the environmental aspect of that process.
- lancesells 6y agoWhile I agree on there being environmental costs and NFTs seemingly terribly wasteful (since it's a digital file) have you considered the costs of what people buy in their day to day? I would love to see what the environmental comparison of an NBA NFT is compared to producing a souvenir basketball. My guess would be that it's lower and more renewable but I could be wrong.
- iamacyborg 6y ago> have you considered the costs of what people buy in their day to day? Yes. It's not relevant to this discussion. The author did not need to mint an NFT and there was clearly no real demand for one. Creating an NBA NFT and then managing the ongoing bids will produce orders of magnitude more CO2 than selling a souvenir ball. Quartz recently published a good breakdown comparing selling and shipping a print vs selling an NFT https://qz.com/1987590/the-carbon-footprint-of-creating-and-selling-an-nft-artwork/ https://qz.com/1987590/the-carbon-footprint-of-creating-and-...
- gjs278 6y agoyawn. stop wasting electrons with your posts.
- Sebb767 6y ago> My guess would be that it's lower and more renewable but I could be wrong. That'll really boil down on a discussion of power sources (there were a few threads on this last week). Basically, how much power does it use, is this power to spare, what's the percentage of renewable energy etc..
- brabel 6y agoTo me, that just showed how ridiculously cumbersome and expensive it is to sell or buy stuff using cryptocurrencies.