NFTs are getting a lot of attention, and the amount of power that is used by Ethereum is also making some heads turn. People are looking for other ways to enter the NFT space, and Mike Tyka has opted to use the Tezos NFT marketplace, called Hic et Nunc, which translates as “Here and Now.”
The Tezos blockchain uses a Proof-of-Work mechanism, which is both cheaper to use, and also less energy-intensive. The NFT marketplace for Tezos was created by a Brazilian named Rafael Lima. Tyka has used it to showcase his latest collection of AI art, called “Portraits of Imaginary People.’’
Tyka isn’t alone in his choice to use the Tezos NFT marketplace. Climate activist Joanie Lemercier, as well as former Bell Labs software engineer Helena Sarin have used the NFT marketplace, and AI artist Mario Klingemann also opted for the greener option.
Tezos Has the Advantage of PoS
Unlike many of the first-generation blockchains, Tezos uses a PoS architecture, which avoids the massive use of energy that both Bitcoin and Ethereum both have at the moment.
Tyka expanded on this issue,
“Minting NFTs using Ethereum would wipe out years of trying to reduce my personal climate footprint at the click of a button. After discovering some recommended alternatives, I felt that if I’m going to enter this space, I want to support what I see as the only practical and ethical future of NFTs. Seeing that many artists in this space whose work I love, including Mario Klingemann, Joanie Lemercier, and Helena Sarin have already started to mint and successfully sell their work on hicetnunc.xyz, I was excited to make a drop there. I look forward to exploring more upcoming PoS marketplaces.”
While the green aspect of PoS architecture, is clearly important, it is also generally a cheaper option as well. Ethereum gas fees have exploded in 2021, which has been a hindrance to both inexpensive NFTs, and also DeFi platforms that were designed to deal with small amounts of value.
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