Blog 11

NFTs have created vast spaces in which artists can get well deserved and long overdue compensation for their labor. Historically, digital art and media has been free for use on the Internet because of the high shareability and the ability to just copy and paste. NFTs encourage artists to be more creative as there is a space for reward and the Internet is limitless. However, NFTs do have a lot of societal and environmental downsides. Some works get plagiarized and sold, and copyright laws are blurred in the new space. NFTs also require a lot of compusing power and server farms are powered by fossil fuels. While there may be an assumption that online art is more environmentally friendly, it is actually quite the opposite.

https://time.com/5947720/nft-art/