A self-destructing NFT has been created and is being sold by a company called Terra0. The token, named Two Degrees, is programmed to burn once the average temperature in the world rises two degrees above pre-industrial levels. This technology is a way to combat global warming and climate change. The company scans a southern German forest to monitor the temperature.
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Two Degrees is an NFT programmed to self-destruct if the average global temperature rises 2 deg C above pre-industrial levels.
Two Degrees is an NFT based on Ethereum that monitors global temperature data and is programmed to self-destruct if temperatures reach a certain threshold. It will disappear when the temperature reaches 2degC over pre-industrial levels. The project attempts to raise awareness about climate change, but critics have questioned the efficacy of the technology.
The research team has conducted a series of experiments to test the theory, with encouraging results. They have also published a book and articles on the topic. One of this book’s most important parts is the climate chapter. It provides a logical framework for understanding the ramifications of global warming and how to respond to it.
Researchers at Danish Technical University and MAPP have developed mini scenarios based on their research. These were then used to inspire discussions with authorities, trade organisations, and experts. The authors hope these scenarios will help governments formulate policies for addressing climate change.
CryptoPunks are 24×24 pixelated avatars with unique features and a limited supply. Originally available free, these CryptoPunks have now commanded prices in the millions of dollars. A collection of nine CryptoPunks sold for almost $17 million in Christie’s in May 2018.
Known as NFTs, CryptoPunks were created by software developers and minted in the Ethereum blockchain in June 2017. The first CryptoPunk, NFT #9839, was sold for US$1.47 million and was part of a curated online sale of NFTs by Sotheby’s.
These CryptoPunk NFTs are now among the most valuable NFTs in the market. Some of these pieces have been purchased by the likes of Michael Bouhanna, a contemporary art specialist at Sotheby’s and Sillytuna, a prominent NFT collector.
The first CryptoPunk NFT was issued by Defi Big Whale, originally tweeting as 0xB1. The NFT was subsequently pirated by the same person who issued the original NFT on Ethereum. The lowest price for the new CryptoPunk NFT is $35,000, or about $1 BNB.
Besides being a coveted item in the CryptoPunk universe, CryptoPunks has become a popular art form. Some CryptoPunk works have sold for millions at Sotheby’s and Christie’s. With this growing popularity, Bored Ape Yacht Club is building a virtual world that will allow people to play games and interact with CryptoPunks. Read more at Balthazarkorab.