Bitcoin News and Finance
Beeple Joins NFT Allstar Artists to Combat Climate Change with Charity Fundraiser Skip to main content

Beeple Joins NFT Allstar Artists to Combat Climate Change with Charity Fundraiser

Social Alpha Foundation is set to auction works from top NFT artists on the Nifty Gateway to support Open Earth Foundation’s efforts to bring open digital solutions designed to address climate-related issues.

Auction Sponsor Render Network To Donate Carbon Credits To Offset NFT Impact

Excitement over NFTs has hit a fever pitch as auctions break new sales records almost weekly. The latest collection sold by artist Beeple, titled “Everydays: The First 5000 Days”, saw 5000 original works compiled in a single JPEG image fetch an astounding $69 million during an auction hosted by Christie’s.

Beeple, who addresses climate issues by framing the environment as fighting against mankind in its work, now ranks as one of the most valuable living artists alive after becoming the most commercially successful NFT artist.

As interest in these works expands, the NFT space’s champions are harnessing this growing public interest to back environmental causes through a charity auction. Social Alpha Foundation(SAF), the brainchild of co-founders Jehan Chu and Nydia Zhang, will be hosting a charity auction in collaboration with Nifty Gateway to bring more attention to the environmental impact of NFTs and the larger blockchain ecosystem.

Raising Awareness Through Art

The auction, slated to commence March 20th and run for 48 hours, will feature original climate-oriented pieces donated by top artists in the NFT space, including Beeple, Sara Ludy, FVCKRENDER, Andres Reisinger, Refik Anadol, Joanie Lemercier, GMUNK, and Kyle Gordon.

Render Network (RNDR), the auction’s sponsor, will donate carbon credits designed to offset the 500-ton carbon footprint that underpins the auction’s production. Moreover, the artists have committed to reducing and offsetting their footprints to show stewardship in the global battle against climate change.

100% of the auction’s proceeds will be donated to Open Earth Foundation, a non-profit blockchain initiative developing open-source technologies designed to address the environment’s most pressing issues and account for the human impact.

Proof-of-work (PoW) blockchains, such as Ethereum and Bitcoin, have long been the environmental activists’ target due to the immense volumes of energy needed to run these networks. NFTs have also come under fire for similar reasons. Accordingly, this auction will showcase the artists’ efforts to take inventory of their artworks’ environmental impact.

Bitcoin.com’s newsdesk reached out to the organizers of this auction with the following question:

Don’t you feel there is an inherent paradox in environmentally unfriendly NFTs being auctioned for environmental causes? Instead of crediting back the 500-ton carbon footprint, wouldn’t it have made more sense to just not create these NFTs?

Martin Wainstein, Executive Director at Open Earth Foundation, replied:

What is environmentally unfriendly is not the NFTs, it’s the PoW algo of Ethereum and Bitcoin. With that said, Ethereum and Bitcoin have ushered in very important disruptive innovations, but they need time to evolve. Climate action requires a transition. When we negotiate on climate, we gather at the UN and everyone has to take a flight – which emits a lot more than NFT Art. If we don’t start pushing the boundaries and showcase the merits of NFT Art on the existing platforms, then where do we start?

What do you think of the environmental cost of NFT – worth it or not? Let us know in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory