Team17 Group PLC (AIM:TM17) is venturing into the world of non-fungible tokens (NFTs) based on the ‘Worms’ video game series.
The London-listed video game developer said the NFTs would be environmentally friendly.
The limited-edition unique pieces of computer-generated artwork are to be sold by Reality Gaming Group, which uses a “side-chain” on the Ethereum mainnet.
The side-chain is what is expected to will help Worms meet its environmental and social governance (ESG) goals attached to the NFTs Worms collectibles.
Electricity usage connected to 100,000 NFTs was described as being comparable to the average annual kettle usage of just 11 households."
Part of the proceeds will go to NFT sustainability firm “Coin 4 Planet,” particularly its Refeed Farms idea, which invests in worm beds that process food waste to result in a cleaner output compared with commercial fertiliser.
It comes a week after Atari, another iconic retro gaming brand, said it would sell a range of giftable surprise NFT loot boxes to celebrate its 50th anniversary.