What is Soltype’s impact on the environment?
Let's be clear on two things.
First, Soltype, and the literary NFT technology we use, are worth nothing if we cannot resolve climate change.
Second, the claim that all NFTs are bad for the environment is a myth.
When an NFT is created, energy is needed. It's the same with any online activity: they all involve data processing and network connections. For example, sending an e-mail uses energy. Likewise, creating an NFT uses energy. And the amount of energy an NFT needs depends on the blockchain it is created on.
Soltype uses a carbon-neutral blockchain called Solana. This means that the amount of carbon dioxide Solana emits equals the amount it takes away from the atmosphere.
Carbon neutrality is the industry standard. But we don't think this is good enough (- we're talking about the survival of our only home, after all).
We are committed to the sustainability of our operations and the sustainability of the Web3 industry as a whole. That's why we joined the Crypto Climate Accord in March 2022. Here we will share and exchange our findings on sustainability with other key actors in the Web3 industry.