K-pop boy band A.C.E have courted controversy with their collaboration on the launch of merchandise backed by NFTs. Most of these digital tokens of ownership are linked to a cryptocurrency, the mining of which requirees high-end computers to run non-stop, which uses a lot of energy. Photo: Beat Interactive
Boy band A. C. E drop first K-pop NFT merchandise collaboration, but fans aren’t happy – here’s what has them upset
- Fans tell the Post they fear A. C. E associating themselves with NFTs will harm the band’s reputation because the digital tokens are bad for the environment
- They point to the vast amounts of energy NFT transactions use, but the A. C. E NFTs’ issuer WAX says it uses a different process that is energy efficient
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K-pop boy band A.C.E have courted controversy with their collaboration on the launch of merchandise backed by NFTs. Most of these digital tokens of ownership are linked to a cryptocurrency, the mining of which requirees high-end computers to run non-stop, which uses a lot of energy. Photo: Beat Interactive
