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The Hidden Costs of NFTs: Ecological Impact and Unpredictable Volatility

1 month ago   |   By Peta Pixel

If you are reading this, chances are you're aware of NFTs - non-fungible tokens that are bought, sold, and traded on a digital ledger known as the blockchain. But what are their costs, risks, and side effects?
For those unfamiliar, make sure to catch up with PetaPixel's explainer on what NFTs are , and how they are made .
NFTs are one-of-a-kind pieces of digital art and in the last few months have completely taken over the art world. However, NFTs are not new. But their rise in popularity has put increased focus on the environmental toll of a single transaction.
For example, Ethereum, a...
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