NFTs, or Non-Fungible Tokens, are the hottest thing to hit the art world since the advent of photography. There were over 11 million NFT sales in 2021, and 2022 is shaping up to be even hotter, with over two million sales in January alone.
Not all artists have jumped aboard the NFT train. Many are concerned about copyright infringement, sustainability, and the morality of the NFT marketplace.
“Minting, selling, and re-selling a single NFT has a stupid big carbon footprint. There are always promises from crypto types that they’re going to make this process less wasteful, but it’s not happening very quickly.”