Fig. 2.
Climate impacts for NFT transactions. (A) Yearly energy consumption for NFT transactions under ETH operating on PoW and expected energy consumption under PoS for multiple growing trajectories of the number of NFT transactions. (B) Comparison between energy consumption due to NFTs pre- and posttransition to PoS based on exponential growth in the number of NFT transactions with average annual energy consumed by US households. (C) Yearly GHG emissions due to processing of NFT transactions after implementation of PoS with validators utilizing grid power based on multiple growing trajectories of the number of NFT transactions. (D) Cumulative carbon debt accumulated due to NFTs under PoW and after implementation of PoS based on multiple growing trajectories of the number of NFT transactions.
