NFTs are generated locally on a computer. They are basically unique PNG/JPG files. This step will consume as much energy as rendering a video to make it upload ready for Youtube. Uploading them into the Solana blockchain is done by a process called minting. Each minting on the Solana blockchain requires one transaction and every transaction consumes 1,837 J. That’s a bit more energy consumed for a simple Google search. It’s worth mentioning that the Solana blockchain has been completely Carbon neutral since 2021.
NFTs are essentially a way to transform a digital good that can be endlessly copied into something one of a kind. As with other emerging technologies, there is both good and bad within the ecosystem. NFT’s with intrinsic value and utility related to an underlying business are definitely not a scam because they offer continuous and lifetime tangible value in the real world to their owners. This is exactly what we are offering to our Kung Fu Tea community.
Although Crypto currencies and NFTs are not fully regulated yet, there are some important regulations in place here in the United States. Moreover, there are ongoing efforts to further regulate the space by the government as of this moment but most importantly Kung Fu Tea is putting its brand and reputation behind this project to ensure the prevention of any misuse or unlawful act.