Meta to offset use of NFTs by buying renewable energy | Digital Trends

There are valid environmental concerns about Meta's recent inclusion of NFTs in apps like Instagram. Here's what we know about how Meta plans to address them.

Non-fungible tokens come with a substantial carbon footprint. And while NFTs are yet another hot new trend that Meta seems eager to jump on, the technology conglomerate has apparently tempered its zeal with valid concerns about sustainability and its recent entrance into the world of digital assets.

In the statement, Meta acknowledged that “blockchain technology and NFTs raise important questions on sustainability” and said that it plans to buy renewable energy as a way to “reduce the emissions impact that might be associated with the display of digital collectibles on Instagram.” What we do know, based on what we saw on Meta’s sustainability website, is that Meta does indeed have a history of purchasing renewable energy as it currently has “contracts in place for more than 6.1 gigawatts of wind and solar energy across 18 states and five countries.”

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