This past week has apparently been a watershed moment for “cryptoart”, and the past few months have helped grow cryptocurrencies and Non-Fungible Tokens. Everest Pipkin:
The current ecological cost of cryptoart and cryptocurrency is very real and very large, and while steps can be taken to reign in some of that energy cost, the crypto- market is still based in a value system that fundamentally ties worth to spent physical resources.
There is no undoing that relationship, no matter how low the cost to mint tokens gets or what the percentage of green energy is in doing so.
A value system that understands itself only in terms of what, materially, has been burned so far to create investment and what, materially, will need to be burned tomorrow is one that is untenable to the future we have to build, one that has decoupled worth with waste, one where units of labor are not bought and sold for wage.
Don’t trust anyone who is accelerating the destruction of the planet so that fake copies of gifs can be bought and resold.