Tezos developers tweeted earlier this year that minting three nonfungible tokens on the Tezos network produces.00054 lbs of CO2, compared to 915 lbs for the same NFTs minted on the Ethereum blockchain.
Commenting on the development, 4C Director Anil Madhavapeddy stated, “Current accreditation systems that measure and report the value of carbon and related benefits like biodiversity conservation and poverty reduction rendered by NbS are costly, slow, and inaccurate.
However, the blockchain sector is shifting to sustainable models, with Bitcoin fuelling considerable research into alternative energy sources.