We as a community must foster a healthy planet to sustain it.
LGND is committed to addressing concerns around the ecological impact of NFTs. We aim to do this by producing a lower carbon footprint by design.
We utilize a “proof of stake” model like WAX where the blockchain works differently. It operates at a higher level than traditional “proof of work” platforms like ETH.
The big distinction is that in proof of stake models, rather than doing a ton of work and therefore using an excessive amount of electricity to mine the coins, the blockchain confirms information with other nodes on the network for verification.
The difference is staggering – the LGND system utilizes 60 watts per transaction (footprint of a light bulb) versus other authentification methods that use 600,000 watts per transaction (footprint of a datacenter).
You should be able to sell your artwork without passing on costs to the planet - and LGND makes that possible.