NFTs or non-fungible tokens are a rapidly growing technology that uses
blockchain technology that may be used to track the existence of the NFT on the internet.
There are a number of reasons why NFTs are so popular now within the cryptocurrency world,
however the amount of energy consumed by crypto mining is harmful to the environment.
NFTs are useful for artists because artists are finally making money online.
Artists are able to share the original blueprint to their work for a large amount of money.
A lot of internet artists have their arts stolen online if they are not careful or experience plagiarism.
I think selling all the rights to their work for a large amount of money is the path that many artists would not mind making.
Ether, is the name of the cryptocurrency that powers the Ethereum Network.
NFTs are tracked down on the internet anywhere they go with their Ethereum blockchain.
Some NFTs are able to ‘grow’ based on their qualities.
For example I enjoy the idea of the CryptoKitties because of their ability to breed with
other CryptoKitties and create a new CryptoKitten all together.
As an environmentalist, I dislike the amount of energy spent on mining farms used for cryptocurrency.
As someone who enjoys art and the internet, I think there has to be a better way to conserve energy.
As of right now I believe the practice is clouded with the idea of making fast money on the internet instead of the health of the planet we live on.
I do think theobsession with ownership that collectors have towards NFTs are peaked right now because this is still a relatively new technology.
There are still mistakes to be made and lessons to be learned.