{"id":452335,"date":"2022-05-25T04:51:32","date_gmt":"2022-05-25T01:51:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/could-gamefi-and-carbon-currencies-reverse-blockchains-climate-stigma\/"},"modified":"2022-05-25T04:51:32","modified_gmt":"2022-05-25T01:51:32","slug":"could-gamefi-and-carbon-currencies-reverse-blockchains-climate-stigma","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/could-gamefi-and-carbon-currencies-reverse-blockchains-climate-stigma\/","title":{"rendered":"# Could GameFi and carbon currencies reverse blockchain&#8217;s climate stigma?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d2af93dcde\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d2af93dcde\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/could-gamefi-and-carbon-currencies-reverse-blockchains-climate-stigma\/#%E2%80%9D_Could_GameFi_and_carbon_currencies_reverse_blockchains_climate_stigma_%E2%80%9C\" >&#8221; Could GameFi and carbon currencies reverse blockchain&#8217;s climate stigma? &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Could_GameFi_and_carbon_currencies_reverse_blockchains_climate_stigma_%E2%80%9C\"><\/span>&#8221; Could GameFi and carbon currencies reverse blockchain&#8217;s climate stigma? &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNGJhNzk1ZDItY2YzMy00YmYzLTlhMjQtY2MyYjRlNTY0MTg2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Nonfungible tokens (NFT) and blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> have developed an unfortunate stigma in some sections of the community for being bad for the environment \u2014 but could that perception be changed by integrating carbon offsets into NFT gaming?<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Fi, or gaming finance, marry NFTs and gaming. Blockchain games account for nearly $12 million in daily volume from over a million gamers <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/topic\/games\">according<\/a> to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> tracker DappRadar. Toucan Protocol COO Rob Schmitt thinks that volume and those users could be harnessed to benefit the environment.<\/p>\n<p>Schmitt told Cointelegraph that using carbon offsets as an element in blockchain games could create \u201cby far the most planet-friendly system we\u2019ve ever seen.\u201d He envisions a GameFi space that uses carbon offsets as in-game currency, and urges game makers to get creative. <\/p>\n<p>\u201cGames don&#8217;t have to have an entire economy based on offsets, but they should be embedded in a way that makes sense,\u201d he said. Schmitt said there are already teams of game makers working with Toucan to bring carbon offsets into their work, such as Atlantis World.<\/p>\n<blockquote><p>\u201cThe narrative that \u2018blockchain is killing the world\u2019 is an argument we can turn around with carbon offsets.\u201d<\/p><\/blockquote>\n<p>Toucan Protocol tokenizes certified carbon offsets on the Polygon (MATIC) network as Base Carbon Tonnes (BCT). <\/p>\n<p>Demand for gaming companies to go green is ramping up as game <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/spaceapegames.com\/green\">studio<\/a> Space Ape Games, which publishes Fastlane went carbon neutral in 2019. Green Geeks reported that game <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.greengeeks.com\/blog\/video-game-companies-leveling-up-against-climate-change\/#:~:text=Companies%20like%20Supercell%20(Clash%20of,gaming%20retailer%20Green%20Man%20Gaming.\">publishers<\/a> SuperCell, Rovio and Sybo are offsetting their company\u2019s carbon emissions.<\/p>\n<p>The perception that blockchain technology is bad for the environment is often propagated by the traditional gaming industry. Major online game outlet Steam banned any titles with NFTs or cryptocurrency last October. In February, game provider Itch.io <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/itchio\/status\/1490141815294414856\">tweeted<\/a> that \u201cNFTs are a scam\u201d that aren\u2019t useful for anything other than \u201cthe destruction of the planet.\u201d<\/p>\n<p>That negative perception betrays a lack of awareness of the carbon emissions associated with different consensus mechanisms. The Polygon network and a number of other NFT and gaming focused chains use the Proof-of-Stake (PoS) consensus algorithm which means power consumption and environmental impact is greatly limited.<\/p>\n<p>Cointelegraph reported in April that the Polygon team aims to make the network carbon neutral this year. Other blockchain networks that support NFT gaming and feature meager or neutral carbon footprints include Wax (WAX), Solana (SOL), and BNB Chain (BNB). Ethereum (ETH) is expected to switch to PoS in the coming months with August the most recent estimate for the Merge.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Game on: Yield Guild Games scholarships on the rise through Q1<\/em><\/strong><\/p>\n<p>While ubiquitous climate conscientiousness is a lofty goal, Schmitt admits that \u201ceverything doesn\u2019t have to be climate action.\u201d Furthermore, gamers don\u2019t necessarily have to be aware that the games they enjoy may be carbon neutral because it doesn\u2019t take much action on their part to have an effect. Schmitt said:<\/p>\n<blockquote><p>\u201cThe vast majority of games won\u2019t be related to climate action, but only a small portion of them are needed to do a lot of good.\u201d<\/p><\/blockquote>\n<p>He says that climate activism doesn\u2019t need to be the main focus for game developers, especially if they are already deploying work on climate-friendly blockchains. <\/p>\n<blockquote><p>\u201cDevelopers should focus on making fun games first, and they may be able to attract new audiences with carbon offset integrations.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/could-gamefi-and-carbon-currencies-reverse-blockchain-s-climate-stigma\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Could GameFi and carbon currencies reverse blockchain&#8217;s climate stigma? &#8220; Nonfungible tokens (NFT) and blockchain technology have developed an unfortunate stigma in some sections of the community for being bad for the environment \u2014 but could that perception be changed by integrating carbon offsets into NFT gaming? GameFi, or gaming finance, marry NFTs and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":452336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNGJhNzk1ZDItY2YzMy00YmYzLTlhMjQtY2MyYjRlNTY0MTg2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,91083,95118,113408,10595],"class_list":["post-452335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-blockchain-game","tag-nft","tag-polygon","tag-environment"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=452335"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/452336"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=452335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=452335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=452335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}