Popular digital artists, including Beeple, are auctioning carbon-neutral artworks as Non-Fungible Tokens (NFTs). This is part of a collaborative effort between the NFT artists and the Open Earth Foundation to create awareness of climate change and essentially raise funds to support its CarbonDrop initiative, which is aimed at improving the planetary condition.
A total of eight artworks have been issued under this initiative, all of which see over US$2 million bids.
CarbonDrop NFTs Attracts Over $2M Bids
The artists involved in the CarbonDrop initiative include Beeple, Refik Anadol, Sara Ludy, Mieke Marple, GMUNK, Kyle Gordon, Andres Reisinger, and FVCKRENDER. The carbon-neutral NFTs are being auctioned on Nifty Gateway, one of the leading NFTs marketplace. So far, the eight artworks combined have amassed US$2,218,951 in bids at the time of writing.
Beeple’s ‘OCEAN FRONT’ NFT has the highest bids in terms of value. It attracted a US$2 million bid during press time. Interestingly, Justin Sun, the CEO and founder of the Tron blockchain, is one of the highest bidders. Meanwhile, other artworks are yet to reach a six-figure bid.
NFTs Artists Help to Fight Climate Change
All the proceeds from the digital art collection will be donated to Open Earth Foundation, as noted on the auction page. The 501c3 non-profit organisation is on a mission to increase planetary resilience. It harnesses emerging digital technology, such as blockchain and radical collaborations, to deploy and scale concrete systemic solutions at a planetary level.
The NFT auction is also committed to balance its own carbon footprint as detailed on their website.
Each unique carbon offset is pegged to the unique artwork in order to compensate the underlying emissions from the NFT minting. Artists will further commit to offset their historical NFT footprint to create a net positive climate impact.
CarbonDrop.art
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