@QwQiaao Thanks so much for the follow, greatly appreciated! Would love to discuss my future plans to build a better NFT market for both users and the environment.
@st_heresypriv Crypto has been around longer than crypto art. PoS is coming, but some chains have gotten there first. I hear your plight though and believe not only can the art community get there, we can do it faster as a community! I am committed to being among the first green platforms
@winter_solly Actually there is. The real problem is that the #NFT is most popular on consumptive platforms, so it would be an issue of encouraging artists to switch / use other techniques. I am building a next-generation platform to address these issues.
Re #ethereum gas fees being high because "demand is high". This is simply not true. The fees are driven up by the system being overtaxed. This is a limitation of the technology. No one ever says Visa's fees must go up because their demand is high. L2s are not the solution either
@blubblubblue 1. Most NFT art is created on a platform called #ethereum
2. It is dubbed the world computer, so it's a bunch of other computers acting as one.
3. It consumes a lot of electricity to mine for ether
4. Ether paid when you want to use an app on this, so using art apps uses energy
@Izzetrix Yes. This is about using computers to mine, which consumes a lot of electricity. For my upcoming platform, I am researching blockchains with a much lower CO2 emission profile, so artists can still get paid instantly, like other platforms & have a much better experience as well!
Some might see it as a new concept of property, which communist dreamers of centuries past would have found to their liking:
Itโs communal in all practical applications even as it feeds the creator and honors the supporter https://t.co/T80BLztVO9
@sillytuna That's because many aren't blockchain technologists and don't know what L2 is? Plus that doesn't change the consumption profile of #bitcoin or #ethereum because it doesn't disincentivize miners from burning electricity to earn fees. Miners can still mine empty blocks if needed.
Coming soon - learn how minting #NFTs and #cryptoart with @MintboxMe is more ecologically friendly. To request early access to the beta, quote this tweet with the hashtag: #GoMintGreen ๐ฟ๐
@ExpatCrypto3@timriopelle @astrobends @Goltra@opensea @mintable_app Agree. Not wanting to throw ethereum off the bus entirely, but wanting to develop a system to allow pre-existing ERC721s to be wrapped and sent to other chains, then potentially brought back to eth by the new owner.
The #ETH gas system being so inefficient is killing the potential growth for many promising artists who simply can't afford the constant, high fees imo. Well on-board with watching all solutions to fixing #ETH gas's inefficiencies