In brief
We wrote a technical and conceptual writeup of our NFT for @Sothebys Natively Digital auction: https://t.co/f77eBnyvRF
— terra0 (@_terra0) May 27, 2021
$103,318.00
0.29%$2,481.77
-0.47%$2.36
0.61%$641.49
0.23%$166.97
0.43%$0.999815
-0.01%$0.21556
-0.95%$0.742465
-0.68%$0.270029
-0.10%$2,478.72
-0.46%$103,102.00
0.20%$3.77
1.06%$2,983.45
-0.29%$15.34
-0.93%$22.23
-1.73%$0.287294
-0.39%$26.13
-2.19%$0.00001422
-0.96%$8.94
0.84%$0.191763
-0.56%$394.31
0.30%$3.08
0.80%$96.65
-2.11%$4.61
-1.13%$0.999834
-0.00%$2,481.86
-0.32%$336.79
0.77%$1.001
-0.02%$2,646.07
-0.59%$4.96
0.72%$0.00001226
-1.97%$0.696622
-5.21%$1.00
-0.14%$103,385.00
0.48%$30.15
0.26%$421.12
0.08%$5.74
-3.01%$222.41
-2.03%$2.69
-1.85%$5.07
-2.07%$53.23
0.11%$200.78
0.79%$0.097927
-0.22%$0.920198
-0.44%$1.00
0.00%$35.92
1.93%$0.109163
-5.25%$18.13
-1.50%$5.16
-0.52%$21.61
-0.29%$12.73
2.87%$0.725371
-1.54%$0.02780081
-0.93%$1.17
-0.04%$4.54
1.52%$1.052
0.02%$1.00
-0.00%$4.72
-0.02%$102,890.00
0.18%$0.232476
-0.27%$0.351818
-7.12%$0.745209
-0.39%$4.40
0.17%$2.79
-1.34%$0.216082
-1.37%$0.377034
-0.67%$2.58
-2.30%$1.076
-0.96%$0.498118
-0.78%$4.51
0.36%$0.999088
-0.57%$2,480.87
-0.36%$0.00001872
-2.75%$11.51
-3.45%$1,726.86
-2.40%$175.21
-0.27%$0.482768
-0.96%$2,589.15
-1.02%$92.94
1.90%$4.69
1.19%$0.848962
-1.24%$1.26
-0.67%$0.01901697
-3.10%$0.801719
-2.99%$1.21
2.96%$0.224963
-0.70%$0.635999
-1.69%$2,813.73
-0.81%$0.699769
0.11%$11.58
-0.62%$1.001
-0.05%$0.071294
0.28%$1.68
-3.62%$103,191.00
0.41%$0.105757
-1.78%$0.939912
-4.83%$2,641.96
-0.37%$0.678086
-0.18%$641.96
0.16%$3.10
-2.22%$0.999561
-0.00%$0.99978
-0.07%$215.79
0.84%$0.00009066
-4.54%$185.22
0.87%$0.845336
-2.77%$103,115.00
0.50%$0.01715667
-2.08%$0.01855525
-2.11%$0.91155
-3.44%$0.800155
4.81%$103,668.00
0.64%$1.00
-0.00%$3,209.43
0.17%$0.631871
-4.05%$101,440.00
-0.66%$2,600.33
-1.11%$0.216409
-1.09%$3,223.92
0.30%$0.01217477
-3.23%$0.30104
-3.12%$2.19
-1.03%$12.69
0.13%$3.97
-0.20%$0.00000073
0.18%$21.50
-1.91%$35.29
-0.67%$2,592.92
-0.40%$0.02017406
3.38%$0.1149
-1.33%$0.066059
-0.36%$40.60
1.21%$0.99748
-0.04%$0.40534
-1.50%$0.613457
-1.68%$3.91
-0.76%$0.999361
0.12%$1.86
-0.10%$0.325685
-1.65%$0.65171
-3.06%$2.06
-0.25%$1.12
2.51%$1.69
-2.92%$111.09
0.00%$0.215704
-0.81%$2,480.62
-0.51%$0.151676
-2.01%$0.999805
-0.01%$2,478.74
-0.06%$1.93
3.75%$103,316.00
0.37%$0.627398
-1.39%$18.15
-0.85%$2,645.09
-0.32%$0.434423
-1.28%$2,518.95
-1.64%$0.998933
0.07%$0.61446
2.61%$0.0085276
-1.28%$102,946.00
-0.24%$0.627466
-0.81%$2,481.42
-0.17%$0.185499
-0.01%$0.999805
-0.00%$7.19
0.02%$2.90
-1.29%$0.00507155
-3.01%$0.149591
-0.36%$0.064596
-1.75%$6.45
-0.87%$99,987.00
-1.05%$0.00002248
-1.54%$0.408875
-2.17%$0.439955
-2.28%$0.086837
0.11%$0.175159
-2.36%$0.00000044
-0.71%$0.0475352
-1.35%$0.093947
0.81%$0.434197
2.39%$2,478.16
-0.15%$0.643332
-0.82%$0.158512
3.34%$0.0426466
-1.92%$1.087
-0.00%$0.00775377
0.24%$1.006
1.05%$1.53
-3.20%$1.68
-13.55%$1.24
-3.60%$0.999947
0.02%$0.170535
-0.60%$1.00
0.02%$43.01
-2.83%$102,005.00
-0.07%$0.00000099
0.14%$0.00448555
-1.36%$1.52
-0.92%$0.3482
2.47%$1.00
0.06%$0.23244
-0.50%$33.94
-0.18%$3.10
-2.65%$0.01920794
-0.23%$0.379645
0.49%$1.21
-3.22%$2,618.63
-0.62%$1.00
-0.01%$0.372532
-0.57%$132.06
-0.90%$0.836116
0.87%$0.03502217
-2.38%$2,726.89
-0.45%$26.27
-1.48%$0.00491028
-5.07%$20.56
-0.03%$1.10
0.07%$0.00006135
-1.45%$0.00000162
-6.18%$103,123.00
0.40%$2,705.08
-0.12%$0.0032714
3.20%$0.723592
-1.87%$0.99899
-0.07%$0.999703
0.06%$0.999865
0.01%$2,481.12
-0.18%$0.684586
-1.58%$0.247575
-0.85%$0.304351
-3.49%$18.33
-1.33%$3.32
12.42%$0.216545
-2.16%$22.29
-0.99%$2,675.50
-0.09%$2,478.24
-1.17%$0.269079
-4.03%$26.26
-1.47%$2.57
-3.47%$0.566631
-0.38%$23.00
-0.86%$0.484347
-1.59%$0.00066879
-4.24%$0.999515
-0.05%$0.00312339
-4.09%$0.999275
-0.00%$0.00265363
-2.76%$2,074.22
0.50%Reading
Sotheby’s is auctioning off an NFT that can be destroyed if the average global temperature rises 2 degrees centigrade (3.6 degrees Fahrenheit) above pre-industrial levels.
The NFT, Two Degrees, is a 20-second video of a 3D scan of a forest in southern Germany with a self-destruction warning superimposed on it.
We wrote a technical and conceptual writeup of our NFT for @Sothebys Natively Digital auction: https://t.co/f77eBnyvRF
— terra0 (@_terra0) May 27, 2021
“Just as the real forest will disappear as soon as a certain threshold in global climate change is passed, so will the NFT,” said the decentralized autonomous organization (DAO) that minted the NFT, terra0, in a description accompanying the lot, which closes on June 10.
The NFT’s smart contract uses an oracle to monitor the global temperature that NASA publishes in its annual reports.
Scientists expect that global temperatures will rise by two degrees by 2062 if the historical warming trend over the past 30 years continues. Should that happen, the NFT’s smart contracts allow anyone to “burn” it. The DAO describes it as a “hedge against annihilation.”
Since crypto’s impact on the environment is a common criticism, burning an NFT may, at first glance, appear to add insult to an injured Earth.
However, Ethereum’s upgrade to a proof-of-stake consensus mechanism in the next few years should reduce its environmental impact by 99.5%, according to the Ethereum Foundation, the non-profit that oversees the development of the network.
While that happens, eco-conscious crypto projects are on the rise. Last week, two developers launched CryptoTrunks, an NFT project that generates a pixelated tree in accordance with one’s transaction history.
An NFT project that grows a pixelated tree in accordance with the carbon footprint of your crypto trading was paused just two days after launch when Ethereum’s exorbitant gas fees turned the project into an environmental disaster. “Tens of dollars for the network cost of some free art is cool, hundreds of dollars is bonkers. Better to pause and wait for things to cool off,” Will, the pseudonymous developer of CryptoTrunks, told Decrypt. Gas fees cooled down about an hour later; the developers ha...
The developers briefly paused the project when Ethereum’s gas fees skyrocketed, and have since transitioned to a carbon-negative model, becoming the first major NFT project to do so.
Just days after DeGods founder Frank (aka Rohun Vora) said he was stepping away from the CEO role, a total of 16 DeGods NFTs from his Solana wallet were sold into open marketplace bids—a move he confirmed came from an attacker via a compromised trading laptop. The malicious actor was able to obtain more than 108 SOL, or nearly $19,000, for the stolen NFTs, which included a DeGod with a mythical helmet—one of the rarest traits in the collection. Some traders on X (formerly Twitter) were quick to...
The Infinite Node Foundation, a newly established nonprofit endowment, announced Tuesday that it has acquired the IP of influential Ethereum NFT collection CryptoPunks from previous owner and Bored Ape Yacht Club creator Yuga Labs. The Foundation, which announced a $25 million grant in April “to build the future of digital art,” will now steward the 10,000-piece Punks collection first created by Larva Labs in 2017, while Yuga Labs shifts back to its “apeish roots.” CryptoPunks General Manager Na...
Gaming giant Square Enix, the firm behind Final Fantasy and Kingdom Hearts, announced this week that it is expanding its blockchain game Symbiogenesis to Sony’s Ethereum layer-2 network, Soneium. Symbiogenesis originally launched on Ethereum scaling network Polygon, and is currently wrapping up what’s slated to be its final season of content. But that imminent conclusion isn’t stopping Square Enix from a further affiliation with Sony on the blockchain. The initiative connects Symbiogenesis with...