{"id":69163,"date":"2021-11-16T11:05:34","date_gmt":"2021-11-16T16:05:34","guid":{"rendered":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/?p=69163"},"modified":"2021-11-16T11:05:34","modified_gmt":"2021-11-16T16:05:34","slug":"lo-11-4","status":"publish","type":"post","link":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/2021\/11\/16\/lo-11-4\/","title":{"rendered":"LO-11"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>For this week&rsquo;s looking outwards, I decided to talk a bit about why NFTs suck. NFTs, or non-fungible tokens, have been gaining a lot of steam recently with the boom of equally stupid cryptocurrencies. The entire idea of an NFT breaks a lot of artistic integrity, as it exists purely to be able to be sold. Owning an NFT doesn&rsquo;t give you anything other than the ability to resell it. What is it you may ask? A piece of digital art, that one could just as easily right-click and download. Because of this NFT has devolved away from decent-looking art and into photos of toilet paper and tungsten cubes. They exist entirely as a tool for rich tech bros to make money. On top of that, the processing power necessary to load the blockchain NFTs run on has a massive environmental toll, amounting to over 30 million tonnes of CO2 a year. The idiocy of this all came crashing down two weeks ago when the blockchain was hacked, forcing NFT owners to overwrite their own blockchain, which defeats the whole &ldquo;non-fungible&rdquo; thing they seem to love and reverts you back to the system NFTs owners claim to hate. All in all, it&rsquo;s time to end NFTs (and crypto for that matter) and move on to make art that&rsquo;s more meaningful than its monetary value as a clipart.<\/p>\n\n\n\n<p><a href=\"https:\/\/mashable.com\/article\/nft-cryptocurrency-bad-environment-art\">https:\/\/mashable.com\/article\/nft-cryptocurrency-bad-environment-art<\/a><br><a href=\"https:\/\/www.insidehook.com\/daily_brief\/art\/nft-most-ridiculous-items\">https:\/\/www.insidehook.com\/daily_brief\/art\/nft-most-ridiculous-items<\/a><br><a href=\"https:\/\/earth.org\/nfts-environmental-impact\/\">https:\/\/earth.org\/nfts-environmental-impact\/<\/a><\/p><\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>For this week&rsquo;s looking outwards, I decided to talk a bit about why NFTs suck. NFTs, or non-fungible tokens, have been gaining a lot of steam recently with the boom of equally stupid cryptocurrencies. The entire idea of an NFT breaks a lot of artistic integrity, as it exists purely to be able to be &hellip; <a href=\"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/2021\/11\/16\/lo-11-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LO-11&#8221;<\/span><\/a><\/p>\n","protected":false},"author":657,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[114,56],"tags":[],"_links":{"self":[{"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/posts\/69163"}],"collection":[{"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/users\/657"}],"replies":[{"embeddable":true,"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/comments?post=69163"}],"version-history":[{"count":1,"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/posts\/69163\/revisions"}],"predecessor-version":[{"id":69164,"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/posts\/69163\/revisions\/69164"}],"wp:attachment":[{"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/media?parent=69163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/categories?post=69163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/courses.ideate.cmu.edu\/15-104\/f2021\/wp-json\/wp\/v2\/tags?post=69163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}