For months I have hammered the cryptocurrency market on its energy intensive business model, and especially the energy consumption involved in creating the most productive crypto product to date; its non-fungible tokens, or NFTs. In fact, I covered this topic last week in regards to the launch of Tiffany and Co.’s NFTtiffs and 18k gold pendants, which were offered exclusively to current CryptoPunk NFT owners. As I summarized in that post, $12.5 million buys a lot of carbon offsets, but are we really going to trust that buying carbon or wind offsets is going to put a stop to climate change?
CEO of the Alacer Group. Sharing the latest news in financial crimes and best practices that enable financial institutions to prevent money laundering.