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    What Is the Impact of NFTs on the Environment?

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    NFT
    Apr 20, 2022
    11 min read
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    In 2021, the non-fungible token (NFT) space generated more than $23 billion in trading volume, with single digital assets commonly fetching prices in the millions of dollars.

    Source: nyan.cat

    For example, an animated image of the rainbow-shooting "Nyan Cat" sold for $660,000 in a blockchain sale, while musician Steve Aoki released his music video Hairy as an NFT and sold for $888,888.88.

    Source: YouTube

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