Kyle McDonald – Get together with Web3
“When tech moves fast and breaks things, who picks up the pieces after?” Kyle McDonald is an artist working with code who has done a lot of work researching the ecological impact of the Ethereum network. He shows the findings of this research which he has also published as an in-depth report. Kyle reflects on how the amount of energy consumption will drop significantly once Ethereum transitions from proof-of-stake to proof-of-work - two different methods of validating transactions on the blockchain. That will improve things but Kyle’s research shows a lot of ecological damage has been created as a result of Ethereum so far which he believes need to be remedied. He has created an artistic response in the form of NFTs titled Amends, designed to capture all historical emissions from three major NFT marketplaces. The work is priced to fully fund carbon mitigation. He presents the full concept behind this project and muses on the signal that is sent if the NFTs are sold but also the larger significance if the work doesn’t sell.
