[HN Gopher] WWF shuts down its NFT project
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       WWF shuts down its NFT project
        
       Author : ilamont
       Score  : 23 points
       Date   : 2022-02-07 21:37 UTC (1 hours ago)
        
 (HTM) web link (www.wwf.org.uk)
 (TXT) w3m dump (www.wwf.org.uk)
        
       | jasonhansel wrote:
       | It's disappointing that the WWF ever decided to support the
       | "planet-incinerating Ponzi grifters" by getting involved in the
       | NFT market. On the other hand, this is far from the worst thing
       | the WWF has ever done:
       | https://www.buzzfeednews.com/article/tomwarren/wwf-world-wid...
       | 
       | To quote the New Statesman article about this:
       | 
       | > Many on social media immediately pointed out that blockchain
       | technology is at odds with conservation ideals since it requires
       | vast amounts of energy to run, and contributes to worsening
       | climate change. [...]
       | 
       | > It is true that Polygon is environmentally friendly relative to
       | older blockchain platforms such as Bitcoin or Ethereum. [... But]
       | it is not yet possible to purchase a WWF NFT without also using
       | the older Ethereum technology. This is because Polygon is a
       | "sidechain" that must eventually log its transactions on
       | Ethereum's larger system, and also because Ethereum's currency,
       | ETH, is required to make the purchase. Ethereum may [become more
       | efficient] in the future, but the energy consumption of its
       | networks is currently equivalent to the carbon footprint of
       | Sweden.
       | 
       | Source: https://www.newstatesman.com/comment/2022/02/wwfs-
       | decision-t...
        
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       (page generated 2022-02-07 23:01 UTC)