In February the WWF was forced to prematurely end the sale of a collection NFTs designed to raise awareness for endangered species after campaigners pointed out the environmental cost of the NFTs was contributing to the very endangerment of those species’ habitats.
While the WWF is understandably held to a higher account, brands that on the one hand showcase their sustainability initiatives, or net zero targets, should take note. It’s crucial that marketers make a concerted effort to understand the environmental impact of NFTs.
What are NFTs and why might brands care?
Simply put, NFTs – or Non-Fungible...