The NFTCulture goal to help offset carbon emissions and more…
We have stated previously our stance on the impact of NFTs, Ethereum, and other Blockchain technologies on the environment. We also believe that everyone can and should do more to protect our environment. Today, we’re excited to announce the creation of Nifty Foundation and our commitment to building projects that bring sustainability and a greener, cleaner world into fruition. While we aren’t yet ready to detail our plans (there are many), we view the new Nifty Foundation as an opportunity to edify collectors on the impacts of climate change, support and educate artists on the impacts of these mediums, and encourage marketplaces and crypto currencies and tokens to be as mindful and helpful to the environment as possible. We’re also looking for help: if you are passionate about this, Please fill out the form on the Nifty Foundation website or shoot us an email. We can’t do this on our own, but if we all work together we can build a cleaner, brighter, and more exciting future for everyone.
The first goal of Nifty Foundation
Help artists learn how to offset their environmental footprint
Educate Collectors on why being environmentally conscious is important
Encourage Marketplaces to embrace carbon neutral or negative stances
Encourage and support Crypto Platforms to transition to lower energy consumption mechanisms
Additionally, we are exploring opportunities to help NFPs and other organizations embrace NFT technologies as long as they remain carbon neutral or negative to encourage growth in this space.
Finally, the long term vision is to establish art scholarships and funds to make sure that Art remains a critical class in primary education.
1111 is a newly released artwork created by Kevin Abosch, and released on March 23, 2021 on OpenSea. It is a thought provoking piece, consisting of cryptographic styled pieces, with artistic alterations claiming to be a “lingual arcana and a repository of sacred knowledge”. The pieces were auctioned off with a reserve price of 1.111 ETH and will remain on sale through Friday, March 26, 2021.
Visiting the //TECH SPECS section of Kevin Abosch’s information page on 1111, presents the reader with an interesting tidbit of information regarding the work:
This information is interesting for 3 reasons:
The images themselves are stored on Arweave Permaweb
The metadata is stored on Arweave Permaweb
Curiously, the work itself is listed as ERC-1155 tokens on Ethereum blockchain NOT ERC-721 tokens, better known as NFTs.
Arweave Permaweb is a decentralized storage network, that seeks to permanently store data on its chain. This differs from SIA and Filecoin in that the data is meant to be permanently stores and not a disposable or transient storage system. The Permaweb deploys a “Proof-of-Access” algorithm and claims extremely cheap effective cost for the permanence, around $.005 / MB.
Assuming that Arweave can achieve its projected goal, then it represents a very important possible solution to a long held gripe about NFTs: “What happens if the exchange hosting the metadata or the actual piece of art (images or video) of the NFT goes offline?” This problem was famously presented by a series of twitter posts by Jonty Wearing.
If the tokens sold by Kevin Abosch as 1111 do indeed point to metadata and art pieces stored on Arweave, and Arweave is indeed a permanent storage mechanism, then Abosch has effectively minted a NFT that will not suffer the same fate 10 or 20 or 50 or 100 years from now when the various other NFT exchanges and marketplaces go offline for whatever reason. For that reason, we do find 1111 a very interesting work.
But, we circle back to point #3 above. Kevin lists the NFTs as ERC-1155 tokens. Browsing to the tokens on etherscan.io yields a source contract with only bytecode available. This is curious, as other projects such as Hashmasks deliberately upload the source code of the contract in order to enable people to confirm the tokens and the contract will work as claimed. It is unclear to NFT Culture staff if this is all part of the grand work, or if it is an oversight or perhaps an attempt to obscure the real connection between the tokens and Arweave.
Furthermore, Hashmasks itself has attempted to solve the Permanence problem: On The Permanence of the Hashmasks Artwork. Their solution is to store the metadata of the IPFS URLs “on-chain” via a contract on the Ethereum platform. What this means, is that the metadata itself, which contains the IPFS locations of the Hashmasks images is stored on-chain, and the Hashmasks website is no longer a single point of failure. An obvious question here is “What about the images themselves, why can’t they be on-chain too?” Apparently, art work for the whole project exceeds 40GB, which is just not economically feasible. Interestingly, Hashmasks too uses Arweave to store the images, and the IPFS pinning mechanism for incentivizing this storage. Perhaps we will do a deep dive on IPFS and pinning in a future article. Where Hashmasks gets things right is that the contracts used to programmatically guarantee all these aspects to their work are fully open sourced and available for viewing and validation on etherscan.io. Hopefully 1111 will take note of this and do it as well.
In any case, we will continue to keep an eye on 1111 and also on future projects that attempt to follow in its footsteps. We will always cheer on people attempting to push the ball forward and make the community better as a whole.
DIY isn’t always the easiest solution for many collectors but we find that openframe.io may be a fantastic option for NFT artists and buyers who want complete control over how and where they want to display their awesome NFTs.
Raspberry Pi is an affordable “credit-card sized computer” that has an HDMI port allowing it to easily connect to monitors or TVs of any size and allow the user to create or use custom linux apps or programs. Raspberry Pi has made waves for people wanting to create smart “magic” mirrors and is making a resurgence as a great option for displaying NFTs.
What is Openframe?
Openframe is described as an open-source platform that can be extended with various media and artwork that is easy to setup and inexpensive (because it’s based on Raspberry Pi). Additionally, the platform leverages plugins they call “format plugins” that describe how to run various art. Today, plugins work with images, video, websites, shaders and more. Additionally, artists and programmers can create extensions to run other types of art as they’re created (think Eulerbeats).
Why NFTs and Openframe?
We bolded websites for a reason. As an immediate work around, NFT collectors can link art directly to the location the URL is associated with the blockchain address creating a unique way to link to and display your NFTs. Unlike displays like MEURAL, this allows users to display their explicit pieces which is more authentic.
NFT Display openframe.io Challenges
You have to have familiarity with Raspberry Pi and how to setup Operation Systems, etc. (It’s less plug and play than other displays)
Because it connects to any display with an HDMI port, if you want the frame to look like an art frame, it takes craftsmanship or a willingness to spend some money on etsy.
Time consuming to setup.
NFT Display openframe.io Pros
You can link directly to the NFT art across various wallets which sets it apart from many displays currently out there
Customization options based on TVs, Displays, and anything else. You can choose how you want it to look
London Based artist James (Jimbo) is a trained and skilled writer, holding a Masters degree in Screenwriting from The Royal Holloway University of London. He has a strong knowledge of writing for film and television, adept at creating and developing complex but entertaining narratives.
His VFX experience combined with his writing gives him a unique set of skills when approaching his scripts. James has recently optioned a short film to an Academy Award winning director and is also creating a British Sci-fi/Drama alongside developing new original content for both TV and film.
His first NFT release on foundation was purchased by Crypto Whale 888. We are big fans of his work and have featured him in an interview that dives deeper into what make him tick.