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Why the climate-wrecking craze for crypto art really is beyond satire

Why the climate-wrecking craze for crypto art really is beyond satire

There is something supremely ironic when it comes to the craze of the crypto world and everything related to it. Many players in these markets cannot even explain what they are trading or investing in, but that does not stop them from spending the money. At first sight, there isn’t anything in common between this craze and the topic of the movie dealing with obsession with an asteroid heading our way. However, look closely and you will see amazing similarities centered around irrationality and obsessive behavior.

Key Takeaways:

  • Adam McKay's film Don’t Look Up was met with critical disapproval, much like Jonathan Swift's A Modest Proposal.
  • In the current frenzy for NFTs, an artist named Beeple sold a digital artwork for $69m.
  • The problem is NFTs are tied to blockchains, which consume massive amounts of electricity and have a severely negative carbon footprint.

“It just so happens that a distinctly over-the-top satire published in 1729 attracted comparable reactions.”

Read more: https://www.theguardian.com/commentisfree/2022/jan/08/why-the-climate-wrecking-craze-for-crypto-art-really-is-beyond-satire

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