NFT Art Auction Supporting Open Digital Technology for Climate
THE #CARBONDROP IS NOW CLOSED ON NIFTY GATEWAY.
THANK YOU TO EVERYONE THAT MADE THIS POSSIBLE!
Access the CARBON DRIVE to offset your NFT Art emissions and add them to the carbondrop initiative
A unique collection
The Social Alpha Foundation presented a selection of the most talented NFT Artists in the world who auctioned 8 unique carbon net-negative nifties inspired by Earth and the climate crisis.
With support from RNDR, and hosted by Nifty Gateway, all proceeds go to the Open Earth Foundation, a US-based research and deployment 501c3 nonprofit, raising funds to develop innovative open digital infrastructure for improved management of planet Earth —helping track transparently the global progress on the Paris Agreement to avoid the existential risk of climate change.
featuring
Beeple
Refik Anadol
Sara Ludy
Mieke Marple
GMUNK
Kyle Gordon
Andres Reisinger
FVCKRENDER
A Carbon Net-Negative Auction
An NFT Art auction inspired around climate change should not have a net impact on the climate.
Thanks to a generous contribution from the RNDR network, each artist and artwork on this auction receives around 60 carbon offsets — totaling 500 CO2e tons of proven and unique credits of emission reductions for the entire auctions. These offsets are NFTs themselves provided by Creol.io, which sources from the Verra voluntary carbon offset registry. Specifically, this event support the Madre de Dios forest conservation project in Perú. Each unique carbon offset is pegged to the unique artwork in order to compensate the underlying emissions from the NFT minting. Artists will further commit to offset their historical NFT footprint to create a net positive climate impact.
Learn more at: RNDR | Creol.io | 7 steps NFT art platforms can take on climate
Watch the video of this collaborative initiative!
The Carbon Drop gathers a group of concerned artists, NGO, companies and technology platforms working together to make a statement on climate change, and the role we can all play when we collaborate.
This fundraising drop is supported by…
…with the digital art work and its proceeds donated by these amazing artists:
Be
Climate
Aware!
NFT and Climate Impact
CryptoArt and NFTs have an impact on climate. Every transaction on blockchain networks using a Proof-of-Work consensus protocol consumes significant amounts of electricity, linked to greenhouse gas emissions—the source of climate change. The minting of NFTs for this auction is done using the Ethereum network, whose single transactions may require up to 50 kWh of electricity (an amount that a large house consumes over 2 days). While it is a challenge to calculate the exact carbon footprint of a single Eth transaction, the impact is still relevant. A migration into a Proof-of-Stake protocol by Ethereum would significantly reduce the network's carbon footprint.
Learn more at: CleanCoins.io | Digiconomist.net | Carbon.fyi
Read the 7 steps NFT art platforms can take on climate >
Nifty Gateway’s carbon adjustments
Nifty Gateway has been conscious of the carbon impact of its NFTs. When an artist creates an edition, minting a limited amount of copies of an artwork, this translates into one NFT minting and Eth transaction per each artwork copy, which incrementally scales the underlying carbon impact. In order to address this, Nifty is adjusting its smart contract so that artwork editions require a single Ethereum transaction irrespective of how many NFT units are part of the edition. This will significantly reduce the carbon impact of the platform. Whilst this new adjustment will take effect within March or April 2021, we have decided to keep this auction to one single piece per artist in order to avoid the higher impact of editions. Each artwork is truly unique.
NiftyGateway has waived 100% of its platform fees for the #CarbonDrop!
What we can all do on Climate Action
Carbon offsets can bring a tangible value in the fight against climate change, but are not the ultimate solution. Buying carbon offsets does not allow us to continue business-as-usual emitting activities in a sustainable way. The first important action we all can take around climate change is to be aware of our own impact (eg. measure your carbon footprint). Second, reduce our carbon footprint directly (eg. fly less, buy renewable energy for your home, use public transportation etc.). Carbon offsets make sense to neutralize the remaining impact, only after we’ve done all attainable actions to mitigate our carbon footprint.
Learn more: Simple actions on climate change | Corporate pillars to act on climate change | UN Carbon Offsets
AUCTION RAN FROM :
March 20 to 22, 2021
THANK YOU !
This first #CarbonDrop would not have been possible without the dedicated help and support from the following organizations and individuals:
NIFTY GATEWAY
They scheduled, hosted the drop and waived all platform fees for this auction! Special thanks to Tommy Kimmelman, who coordinated artist relationships and the whole #CarbonDrop auction setup.
RNDR
They provided free Octane services and Render Tokens to all artwork leveraging their amazing tools. They also sponsored 100% of the 500 carbon offsets used for the auction, sourcing from Creol.io. Special thanks to Josh Bijak, who had the vision and engineering for the carbon net-negative model, to Paige Lewington who tirelessly worked on communication press and social media, and Patrick Frigg and Jules Urbach for his support and sponsorship.
ALEX TYSON
Who directed and edited the video for the event, interviewing all artists and helped coordinate its strategic launch. We are proud of his film work with Supply Chain, telling the story of the environmental impact of the bitcoin network.
INBOUND JUNCTION
Through the pro-bono support and dedication of Itai Elizur, from Inbound Junction, they helped coordinate the impressive press coverage the event received.
ATTENTION SPAN
Very special thanks to Attention Span, who provided a dedicated strategy on web design and social media engagement, with Josh McHugh doing a constant curation and monitoring over the different comms channels.
REPORTERS & BIDDERS
We are also grateful to Forbes and CoinDesk reporters Lawrence Wintermeyer, Abe Brown and Ian Allison who took notice of this important event and met with organizers and artists to cover the story.
And we want to extend special thanks to everyone bidding on the artwork; your investment in this NFT Art collection and extra climate sensitivity fuels this fundraise!
OPEN EARTH FOUNDATION
Open Earth helped produce the event alongside Social Alpha, and will carry the stewardship to ensure the proceeds create disruptive positive change in the climate tech space through open source development. Special thanks to the tireless work from Katherine Foster and Martin Wainstein for their project leadership and coordination.
SOCIAL ALPHA FOUNDATION
Its co-founder Jehan Chu, not only had the vision for this whole auction and event, he also brought the artists and platforms together to make it happen. None of this would have happened without him!
AND OF COURSE THE HEART OF IT ALL…. THE ARTISTS!
Wow, not only did they donate 100% of the proceeds from their artwork, they created dedicated piece for the #CarbonDrop, and drove the spirit of the movement forward. Thank you Beeple, Refik Anadol, Sara Ludy, Kyle Gordon, Bradley Munkowitz, Andrés Reisinger, Mieke Marple, Fvckrender and thank you Joanie Lemercier for raising the bar on carbon awareness.