Environmental impact of DSPCA’s crypto fundraising questioned by campaigners

The animal charity has launched the NwooFT project, which uses non-fungible tokens

DSPCA and Rothco’s new NFT digital fundraising campaign, the NwooFT project. Environmental groups are critical because of the amount of energy NFTs use

The Dublin Society for the Prevention of Cruelty to Animals plans to go ahead with the launch of a non-fungible token fundraising campaign, despite concerns from environmental groups.

NFTs are digital contracts used to prove ownership of digital assets such as the official copy of a picture or video. They are usually bought and sold with cryptocurrencies, specifically Ethereum. The energy used by the NFT sector, and its impact on climate, has been criticised by ...