Unconfirmed: Why This Environmentalist Doesn’t Blame Creators for the Carbon Footprint of NFTs - Ep.219

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 12 March 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Brendan McGill, co-founder of Offsetra and Carbon.fyi, a company focused on reducing carbon emissions, talks about the environmental impact of NFTs. In this episode, Brendan discusses: his career as an environmentalist and how his sites intersect with crypto (1:07) why online art platform ArtStation canceled its plans to create an NFT program (3:21) what the environmental impact of NFTs actually is and why minting and transacting with NFTs has a greater environmental impact than for normal Ethereum transactions (5:21) misconceptions surrounding the environmental impact of NFT minting and why he believes artists should not be blamed for the carbon footprint calculated by Offsetra (6:57) what accounts for the emissions in NFT transactions and why it’s hard to calculate the exact environmental impact of any specific NFT, and why minting NFTs doesn’t necessarily increase emissions (7:32) why NFTs aren’t really responsible for the bulk of emissions from Ethereum and why Brendan thinks the backlash against NFT creators for the environmental impact is unfair (12:02) how Offsetra and Carbon.fyi attempt to calculate the amount of ‘clean’ energy vs. fossil fuels used in PoW mining and what assumptions they use (13:59) the methods (and blockchains) artists are using to create “clean NFTs” (16:17) Crypto New Recap (16:17) Thank you to our sponsor! Download the Crypto.com app and get $25 with the code “Laura”: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 Episode links: Brendan McGill: https://www.linkedin.com/in/brendanmc6/ Offsetra: website: https://offsetra.com/ Ethereum CO2 footprint calculator: https://carbon.fyi/ carbon.fyi methodology: https://carbon.fyi/learn Reading Material: guide to ecofriendly NFTs https://github.com/memo/eco-nft fixing NFTs’ carbon pollution problem https://earther.gizmodo.com/how-to-fix-crypto-art-nfts-carbon-pollution-problem-1846440312 Other: statement from ArtStation https://magazine.artstation.com/2021/03/a-statement-from-artstation/ CryptoArt.wtf http://cryptoart.wtf/ Link to the Crypto News Recap: https://unchainedpodcast.com/a-69-million-nft/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	The paperback version of my book, The Cryptopians, is out now.
0:04.5	It contains a new afterward covering recent developments in crypto since 2021 when the
0:09.0	book went to press.
0:10.4	Plus, this version names the person I suspect to be the Dow hacker.
0:14.7	In case you never got to read the book in hardback, or like me, you like to read paperbacks
0:19.0	or bedtime reading, order today, check our newsletter and the show notes for the link,
0:23.7	or just search for it at any of your favorite bookstores.
0:26.5	It's The Cryptopians.
0:28.0	Idealism, greed, lies, and the making of the first big cryptocurrency craze.
0:32.6	Thanks for reading.
0:37.8	Hi everyone.
0:38.7	Welcome to Unconfirmed, the show that reveals how the marketing and crypto are reacting
0:42.7	to the week's top headlines and gets the insights to get on what they see on the horizon.
0:46.4	I'm your host, Laura Shin, a journalist with over two decades of experience.
0:50.4	I started covering crypto five years ago, and as the senior editor Forbes was the first
0:54.9	mainstream media reporter to cover cryptocurrency full-time.
0:58.5	Unchained and Unconfirmed I now published his videos.
1:01.0	If you're not yet subscribed to the Unchained YouTube channel, head to youtube.com slash
1:04.9	c slash Unchained podcast and subscribe today.
1:08.3	The Crypto.com app pays you up to 8.5% interest on your Bitcoin.
1:12.8	Get $25 when you download the Crypto.com app with code Laura.
1:17.4	The link is in the description.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.