New to NFTs
What is an NFT?
NFTs are bits of computer code forever written into a blockchain that can uniquely identify media such as images, videos, and music. The most popular NFT blockchains are Ethereum and Tezos.
How do I purchase an NFT?
You purchase NFTs from online marketplaces that require a crypto wallet to buy NFTs with cryptocurrency. Example marketplaces include Foundation and Hicetnunc.
How do I set up a crypto wallet?
Phosphene works with marketplaces that require a crypto wallet to purchase NFTs. We recommend using Metamask for Ethereum and Temple for Tezos. Here are some video instructions to help you get started.
Metamask (Ethereum) setup instructions
Temple (Tezos) setup instructions
Why am I directed to another website when purchasing a Phosphene NFT?
With over 70 NFT marketplaces, it doesn’t make sense to create a new one as that’s redundant. Our technology helps artists and musicians deploy to the best marketplace based on their NFT sale and collector experience goals.
Eco-Info
I heard that NFTs are bad for the environment. Is that true?
Ethereum is a very popular blockchain in the world of CryptoArt, and more, generally speaking, Non-Fungible Tokens (NFT.) Ethereum is estimated to have an annual 35kWH producing 13 million tons of C02 a year. While a study by the University of Cambridge found that additional blockchain activity doesn’t increase emissions, we shouldn’t ignore the fact that NFTs add to blockchain activity.
Our Effort
How does buying NFTs from Phosphene help reduce emissions?
Our objective is to capture and store more carbon than we emit. We offset all emissions from the NFT creation and sales activity by purchasing high-quality carbon offset credits. Our Advisors provide their expert opinions on the best carbon offset projects to support. We also fund climate-friendly projects that align with our artist’s interests. We will be publishing Impact reports and dashboards on our progress soon.
Our effort includes
Purchasing quality and certified carbon offset credits to offset emissions from the sale. Vetting where carbon credits come from is key.
Capturing carbon directly by investing and purchasing capacity from companies like Climeworks.
Supporting smaller nonprofits focused on creating climate-friendly benefits such as healthy bee/pollinator environments.
Implementing technologies over time to reduce emissions while transacting on the blockchain.