Basically, it’s a one-of-a-kind digital asset that belongs to you and only you.
Think of it like owning a digital version of an original piece of art.
Basically, it’s a one-of-a-kind digital asset that belongs to you and only you. Think of it like owning a digital version of an original piece of art.
The Impact Collection is crafted around our best-selling styles, classic fits, and a commitment to ethical manufacturing and sustainable materials. It highlights more affordable, blended versions of our premium fabrics and simplified accessories for the perfect balance between UBB quality and Target value.
All of the products in The Impact Collection count towards our mission: for every product purchased, we remove one pound of trash from waterways.
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EDDY EARTH By United By Blue
1 NFT = 100 lbs of trash removed from the oceans
Not only will our NFT collection be carbon negative (thanks to our host site, Nifty Gateway, who offsets 2x the amount of carbon for every transaction), it will also be climate positive: each NFT purchased will remove 100+ pounds of trash from waterways.
EDDY EARTH By United By Blue
1 NFT = 100 lbs of trash removed from the oceans and waterways
Not only will our NFT collection be carbon negative (thanks to our host site, Nifty Gateway, who offsets 2x the amount of carbon for every transaction), it will also be climate positive: each NFT purchased will remove 100+ pounds of trash from waterways.
We’re dropping our NFT alongside pieces from Andy Best, Julien Tabet, and Ted Chin: three incredible artists who believe in our mission. Together, the four digital tokens create The Clean Up The Ocean Collection and will serve to remove ocean-bound trash. Learn more about each of the artists on Instagram..
REDUCE. REUSE. RECYCLE.
Every dollar bid = 1 pound of trash removed from the oceans and waterways
We’re dropping our NFT alongside pieces from Andy Best, Julien Tabet, and
Ted Chin: three incredible artists who believe in our mission. Together, the four digital tokens create The Clean Up The Ocean Collection and will serve to remove ocean-bound trash. Learn more about each of the artists on Instagram.
REDUCE. REUSE. RECYCLE. By Tedslittledream
Every dollar bid = 1 pound of trash removed from the oceans
NFT stands for Non-Fungible Token. An NFT is a unique digital asset that is secured and contained on the blockchain. The blockchain verifies ownership, provenance, and transaction history.
Blockchain is a system of recording information in a way that makes it difficult or nearly impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions. This makes it easy to see who owns something, when it was last bought/sold, and how much it was last bought/sold for.
The blockchains that run popular cryptocurrencies like Bitcoin and Etherium are Proof-of-Work blockchains that are very energy intensive and therefore carbon intensive as well.
Although NFTs utilize the blockchain, they are not specifically responsible for the carbon emissions of the blockchain. The carbon emissions are generated by “miners” which are effectively computers solving and verifying complex equations in order to build the blockchain and “mine” or earn the blockchain’s cryptocurrency.
With or without NFTs, these blockchains will continue to run, driven by the mining operations. Similar to a subway that runs regardless of how many seats are filled, a blockchain will continue to run regardless of how many NFTs are created. Like a passenger filling a seat on a subway, an NFT fills a block on the blockchain.
NFTs are a legitimate new technology application that have enabled artists, creators, and brands to sell tokens linked to art, music, and more. NFTs provide provable ownership, provenance, and transaction history.
NFTs are built on decentralized crypto currencies, so the lack of regulation can lead to bad actors. Supporting projects created by reputable artists, organizations, and companies is the best way to enjoy what NFTs have to offer.
The United By Blue NFT drop is being hosted on NiftyGateway, the premier marketplace for artist-led NFT projects. Since March, all NFTs minted (ie. created) on the platform are carbon negative through NiftyGateway’s commitment to buy 2x carbon offsets for each NFT created on their platform.
The 2x carbon offsets are being purchased through Climate Vault. Climate Vault engages directly with government-regulated cap-and-trade markets to buy carbon permits and remove them from circulation by “vaulting” them, which prevents other market participants from using them to emit CO2 and reduces the overall supply of carbon permits, making it more expensive for businesses to pollute. Climate Vault also supports the development of cutting-edge carbon capture and sequestration technologies, further accelerating the removal of carbon from the atmosphere. To learn more about the offsets click here >
Nifty Gateway is owned by Gemini and more information about their sustainability efforts and carbon offsets are available at: https://www.gemini.com/green
After the drop has concluded, your NFTs will appear in your NiftyGateway wallet. Give NiftyGateway up to 1 hr for your NFTs to appear.
If you are interested in transferring your NFT out of NiftyGateway and into another crypto wallet, you may do so from your profile. Please note that moving your NFT out of NiftyGateway will require a “gas” fee for moving the NFT on the blockchain.
Yes, as soon as you receive the NFT in your NiftyGateway wallet you will be able to sell it on the NiftyGateway Marketplace. Upon selling your NFT you will receive the sales price, less 10% artist royalties and platform fees.
Please note, if you sell your United By Blue NFT, you will no longer have access to the exclusive benefits, products, and perks offered to all those who hold one in their wallet.
After the drop has concluded, no more NFTs will be minted as part of this release. They will still be available on the secondary market if others list theirs for sale.
Once the drop ends, you will still be able to purchase a United By Blue NFT on the secondary market via the NiftyGateway Marketplace.
As long as you keep your NFT in NiftyGateway, you do not have to worry about paying any gas fees. However, if you are moving your NFT out of Nifty Gateway, gas fees will apply.
The blockchain depends on processing power provided by a decentralized network of computers. Minting fees, often called “gas fees” are what the members of this network earn in return for the processing power they provide. Gas fees can fluctuate according to the amount of traffic on the blockchain at any given moment but cannot be avoided.
