Tag: crashwhen

British Museum presses on minting NFTs despite crypto crash—when will UK museums stop seeing artworks as assets?

After more than 50 outings, this Diary has scored a small victory; following my article on the carbon cost of the British Museum’s NFT sales, the company behind the operation has overhauled its environmental policy. Previously, La Collection said they would plant one tree per NFT created, but this underestimated the amount of carbon an NFT would produce over its lifetime (since each transaction ...

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