First Henson, Now Sesame NFTs - PLEASE STOP!

Back in 202, the Henson Company started selling NTFs. At first we were excited for the possibility of something new for collectors. Then we learned not only were these items "virtually" worthless they are also horrible for the environment. 

Now Variety is reporting that not only is Sesame Workshop launching Sesame Street NFTs, they'll be priced at $60 each. 

In case you don't know, here's how NTFs work. 

Since Henson related NFTs began being "produced" we've learned even more about NFTs.

As an investment, Moneyunder30.com said "NFTs are an exciting new medium for collecting digital art, but they're no good as investments. The odds of losing some or all of your money on an NFT investment are extremely high. And with Blue Chips and index funds still around, you simply don't need NFTs to become independently wealthy."

NFTs are also terrible for the environment since they use the block chain technology that consumes lots of energy to keep running. 

Wired said "The major marketplaces for NFT art, which include MakersPlace, Nifty Gateway, and SuperRare, conduct their sales through Ethereum, which maintains a secure record of cryptocurrency and NFT transactions through a process called mining. The system is similar to the one that verifies Bitcoin, involving a network of computers that use advanced cryptography to decide whether transactions are valid—and in doing so uses energy on the scale of a small country."

Our friends at ToughPigs wrote about how bad this idea was for the Henson Company to be a part of  in 2021 when the started selling their Labyrinth NFTs and then again a year later when Fraggle Rock images were added. 

We know Jim Henson was a big proponent of technology and exploring new possibilities but not at this expense to the environment. Henson making Labyrinth NFTs was a bad decision, the irony of allowing Fraggle Rock NFTs is impossible to ignore, but for Sesame Workshop to make the same awful decision after all we know now is unconscionable.

So please don't buy NFTs - Henson related or otherwise and Henson and Sesame if your reading this, please stop supporting this worthless product that's horrible for the environment. 

It's definitely not in line with keeping Jim's vision alive.