Every artwork presented by Artwrld is backed by an NFT (non-fungible token), a piece of code that establishes the work as a unique object created and owned by certain individuals, like a certificate of authenticity for digital art. This code is written permanently and securely into a global record of digital transactions known as a blockchain.
Artwrld is acutely aware of the many valid ecological concerns surrounding NFTs and blockchain technologies, in particular the Ethereum blockchain on which many NFT projects are based. Some Artwrld projects may launch on Ethereum while others may not. We will be transparent as we make these determinations. We are also committed to finding ways to reduce our carbon footprint and do right by our artists and the planet. This will include carbon offsets for any projects we launch on Ethereum, as well as deploying projects on alternate blockchains that use a proof-of-stake system to dramatically reduce their energy consumption.