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Hic et Nunc

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Hic et Nunc, a Tezos-based NFT marketplace that has recently found prominence thanks to the ongoing debate about the environmental impact of NFTs. The argument from the climate camp is that Ethereum’s proof-of-work consensus is simply too energy-intensive, a point that’s been levelled at Bitcoin many times in the past. The problem is that NFTs can involve multiple transactions throughout their lifetime, and are more complicated smart contracts than the average ERC20 token. As Tezos operates a variation on the proof-of-stake consensus, it consumes less energy, making Hic et Nunc a less controversial choice. The platform, with a name that translates to “Here and Now” recently found itself in the headlines when AI artist Mike Tyka chose to mint and sell his “Portraits of Imaginary People” there.

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