NFTs and the Environment
With the rise of NFTs, the environmental impact of blockchain has started to become an important topic. Here’s what we’re doing to address this.
Built with WAX
MerchNFT is proudly powered by WAX (Worldwide Asset eXchange), an entirely different blockchain than Bitcoin or Ethereum. On average, WAX uses 222,000 times less energy than BTC or ETH for similar transactions. In fact, the entire WAX platform is carbon neutral.
How is WAX Different?
In simple terms, WAX uses a different method to verify transactions on its network. It is a newer technology than BTC or ETH that was created to address these environmental considerations. Using WAX as our platform of choice allows us to provide all of the technological benefits of the blockchain while minimizing the impact NFTs may have on the environment long-term.