One of the biggest controversies surrounding NFTs is that they are not environmentally friendly. While NFTs aren’t inherently bad for the environment, minting or creating them takes up a lot of energy. However, due to a lot of backlash from concerned consumers, steps have been taken to curb energy consumption. For one, several blockchain companies are moving to a proof-of-stake method of validating transactions. This minimizes the energy required to solve a complex problem, which was the case with proof-of-work systems. NFT projects that support the environment have also emerged. NFT gaming marketplaces, too, have started to adopt layer 2 solutions wherein several transactions are rolled up off-chain before being bundled onto the blockchain. This also plays a huge role in reducing the environmental impact of NFTs.
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