What is line goes up – the problem with NFTs?

Line Goes Up – The Problem With NFTs is a 2022 documentary film written and directed by Canadian YouTuber and video essayist Dan Olson on non-fungible tokens (NFTs), cryptocurrencies, the metaverse, and Web3. The video was published to his YouTube channel Folding Ideas on January 21, 2022.

Are NFTS disproportionately profiting from an ecological collapse?

Graphic processing units (GPU) sit stacked inside a 'mining rig' computer, used to mine the Ethereum cryptocurrency, in Budapest, Hungary, on Wednesday, Jan. 31, 2018. “My view is that if you are participating in NFTs, you are disproportionately profiting from an ecological collapse,” Rainbolt said.

What are NFTS & how do they work?

Link Copied! For several weeks, it’s been near impossible to exist on the internet without at least hearing a mention of NFTs. Short for non-fungible tokens, they are pieces of digital content linked to the blockchain, the digital database underpinning cryptocurrencies such as bitcoin and ethereum.

Are NFTS a bubble waiting to burst?

It’s setting off a classic debate: supporters and proponents say those downsides simply represent growing pains; critics say they’re highly problematic and point to NFTs as a bubble waiting to burst. By assigning a value to objects that often exist only in the virtual world, NFTs have been a huge boon for digital artists in particular.