If you have ever bought or sold an NFT, you are a terrible person. You are scum.
NFT stands for Non Fungible Token. It's an offshoot of cryptocurrency that right now is being used to scam artists out of money. It's difficult to understand how it works, so here is a very simplified description:
John is an artist. John puts his art of a frog up as an NFT. Dean buys the frog art, which has a 'watermark' attached stating he is the sole owner of the image. To get the frog image from John to Dean, a bunch of computers work really really hard to solve maths problems. Yes, that's stupid. It pumps carbon into the atmosphere and is all-around terrible. Plus, people who DO use it are ardently defensive of it (because they know they're full of shit so they have to justify it to themselves). Here are some common arguments, and the rebuttals to them so you can tell idiots on the internet to fuck off.
This is a big one because theoretically, you can make a lot of money from selling an NFT. What they don't tell you is that selling an NFT is basically like playing the lottery. You have to pay to put your art up for sale (already a red flag) and there's no guarantee anyone wants to buy your art. So you are just as likely to lose money as you are to make money.
That's literally what written contracts are for. Plus, you know copy/paste exists, right? You 'own' that art in the same way that you 'own' a star when you pay to own one on a shitty con website. It's literally just a made-up sticker that says 'you own dis'.
There are already twitter accounts that automatically tokenise tweets so they can be used as NFTs. This means that art is being stolen without consent and being sold for sometimes thousands of dollars, all without the artist seeing a cent. NFTs take away power from artists, especially those who want nothing to do with it.
Doesn't matter, we're talking about right now.
Yes they do. ANY amount of pollution is too much when all that's happening is a jpeg is getting sent from one place to another. You know how you can do that with a low carbon impact? Fucking email it.
Green energy is a finite resource. If NFTs are using it, then that means someone else may have to use non-renewable energy.
Even not thinking about energy, we're currently in a global silica shortage. The price of computer chips is inflated because people keep buying them for their mining rigs. Any NFT activity directly adds to this problem.
Uh, yeah. I'm a hater of people destroying the environment. Fucking obviously.
An example of someone making a lot of money from the scheme is a known tactic used in scams.
If you use NFTs, fuck you. I hate you. Get off my website. You disgust me. Stop immediately, pay off your carbon offset, plant trees. And if you're thinking of using NFTs, pay an artist to make you a commission instead.