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We introduce a model of greenhouse gas emissions due to on-chain activity onEthereum, focusing on cryptoart. We also estimate the impact of individualtransactions on the environment, both before and after the London hard fork. Wefind that with the current fee mechanism, spending one dollar on transactionfees corresponds to emitting at least the equivalent of 1.305 kilograms of CO2.We also describe several techniques to reduce cryptoart emissions, both in theshort and long term.

Green NFTs: A Study on the Environmental Impact of Cryptoart Technologies