Harrisburg University Next Generation Technologies lead professor Dr. Farooq Anjum weighed in on the surge of non-fungible tokens (NFTs) in a recent Coin Telegraph article.
NFTs are digital assets that are spiking in value. Non-fungible means it’s unique and can’t be replaced with something else. They are comparable to super rare trading cards one couldn’t find anywhere else, versus a bitcoin, which one could trade for another identical bitcoin.
In the article, titled, “The superheated NFTs? A crypto market niche tipped to boom or bust,” the question is raised over whether NFTs use too much electricity to create and trade. In response, Anjum told Coin Telegraph that he wasn’t sure profligate-energy-use scolding was valid, asking, “Don’t we spend an astonishing amount of dollars to protect the Mona Lisa or other valuable non-digital assets?”
To view the article, click here.
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