Description
Why NFT Designers Need to Focus on Service
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Sample Text From This Article
“First, there is criticism that NFTs are too energy intensive. Most definitely, NFTs currently being minted on Ethereum contribute to large energy usage through the PoW consensus in place, which requires energy output through what is known as “mining” to verify the transactions. However, steps are actively being taken by the industry to ensure long-term sustainability, including the upgrades taking place with Ethereum 2.0 and the new PoS consensus, which stands to reduce energy consumption radically.”
Keywords Used
Frequency – (Percentage used within Article) – Keyword
21 (4%) NFTs
12 (2%) world
11 (2%) people
9 (2%) blockchain
9 (2%) virtual
8 (1%) digital
6 (1%) NFT
Article Writing Brief
This paper analyzes the following statement:
“Non-fungible tokens have blown up in popularity over the last few months. They have been around for a while now, though. One bitcoin is identical and interchangeable with one another. This characteristic (fungibility) is a key characteristic of currency. However, NFTs are tokens that carry distinct identification codes and metadata. This makes them usable as ways to authenticate ownership or legitimacy.“
Referencing Used
The Referencing style used with this article:
- Minimum 4 x credible, peer-reviewed articles and respected websites
- 1 x free/ full rights image courtesy of Unsplash
- A separate, formatted Reference section is at the end of the article
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