A constant criticism of the NFT space is that it contributes to carbon emissions through high energy usage. Popular NFT marketplace, AtomicHub, is combating this through its new carbon offset feature.
The new marketplace initiative in partnership with Meta Carbon, allows its users to offset the carbon emissions created from their transactions.
AtomicHub users can choose which projects they want to offset the emissions by purchasing NFTs from the secondary market. At the point of sale, they will be granted the option which will be factored into their final purchase price.
Users can also access data, which shows how much carbon emissions have been offset on each collection. In total, five beneficiary projects have been selected by Atomic Hub for this initiative. This will grant users the satisfaction of having made more of a renewable purchase. Additionally, there are two types of NFTs they can potentially earn from carbon offsetting.
The first of these is a non-transferable NFT receipt which states the amount of carbon that has been offset. The second is an NFT from a high-quality collection, with different rarity values given to the users who offset the most carbon each month.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.