From the few sites i have read :
NFTs in their current form are a bad idea because of people stealing art. Basically , if you buy art as part of an NFT that money does not ( necessarily ) go to the artist . And there is whole bunch of legal issues , with DMCAs , copyright and so on.
My conclusion ? if you want to support artists (and websites like Gaia ) , there are already ways to do so. Like , Patreon ( and other sites ) for artists . And currently GCash/subscryptions for Gaia.
If you want to do it as an investment ? IDK . You want a get rich quick sort of deal ? IDK , that either.
The following are articles i glanced at or read today . FYI
https://www.vice.com/en/article/xgdxvw/someone-made-a-pirate-bay-for-nfts
https://www.vice.com/en/article/pkpbay/nft-collector-sells-peoples-fursonas-for-dollar100k-in-right-click-mindset-war
https://www.vice.com/en/article/v7enyb/deviantart-is-now-using-ai-to-spot-people-selling-stolen-art-as-nfts
Cautionary Tale:
https://www.theverge.com/2021/3/15/22331818/nifty-gateway-hack-steal-nfts-credit-card
FYI : NFTs explained ( for the most part , i skimmed it . You be the judge )
https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq
On the environment :
There were too many websites , proposing it . Which makes me think that it's SUS. Or just FUD , by big money actors trying to scare people away from crypto.
https://kalkinemedia.com/news/cryptocurrency/how-do-fear-uncertainty-and-doubt-factor-into-crypto-investing
I say that because , it got me thinking as i glanced through the titles of all these articles .
Damage to environment = bad . Okay. Yeah , how ? articles proceed to tell me about energy consumption . Okay, But , what about credit cards / debit cards ? Isn't one of the reasons credit cards have a surge charge, is because they have to pay for THEIR servers and " processing " ?
Then i remembered : What about coins ? and paper money ?
I did not see one article that directly compared the two . Then i thought : if these " crypto miners " were to switch to solar , wouldn't that fix the problem ?
The closest i could find on regular money was this :
https://slate.com/technology/2009/04/is-cash-better-for-the-environment-than-a-credit-card.html
I think i found the original study the environment thing is based on :
https://dash.harvard.edu/bitstream/handle/1/37365412/MARTYNOV-DOCUMENT-2020.pdf?sequence=1
I have seen some comments that crypto is a scam or a ponzi. From what i've read and seen over the years. No it's not. IF the US GOV recognizes that crypto currency is a thing . And acknowledges it as a legitimate investment . Then , no it's not a ponzi.
BUT , US GOV also warns that it CAN be used as ponzi scheme.
https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf
These article explains the difference : ( they do have Bias FYI )
https://medium.com/revain/the-differences-between-bitcoins-and-the-ponzi-scheme-fe7a7acea3a7
https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/
other papers regarding crypto : (TLDR , At a glance they are about HOW "cryto" can be implemented , how they work )
https://wedocs.unep.org/bitstream/handle/20.500.11822/34226/FB019.pdf?sequence=1&isAllowed=y
https://jods.mitpress.mit.edu/pub/7vxemtm3/release/2
This one gives a little history :
https://tarjomefa.com/wp-content/uploads/2018/06/9121-English-TarjomeFa.pdf
https://archive.org/details/bitcoin_20171228.
