MyEtherWallet, or MEW, launched its first nonfungible token (NFT) collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Distinctive photos related to ETH Blocks are generated primarily based on the block’s data. These NFTs can be found exclusively to MEW users via the MyEtherWallet website.
Plenty of blocks have already been claimed, in keeping with the company. Ethereum’s founders referred to as first dibs on blocks one by 10. There are also 13 ETH Blocks representing the history of Ethereum — such as major milestones, forks and updates to the blockchain — that have been put up for a month-long auction, the proceeds of which will be donated to organizations akin to The Skid Row Housing Trust, Wikipedia, Girls Who Code and NPR, amongst others.
“MEW is dedicated to creating history by bringing NFTs to assist newcomers and skilled customers discover a brand new approach of Ethereum in a trusted environment.”
He went on to clarify that the undertaking goals to offer full entry to all the Ethereum blockchain has to offer. Since most NFT markets are currently built on the Ethereum blockchain, he informed us that it “makes sense” to contain Ethereum customers at all ability ranges by permitting them to mint and personal unique pieces of the blockchain itself.
When requested what he considers to be the worth driver behind owning an ETH Block, Hemachandra told:
“The amazing factor about ETH Blocks is that they are often sentimental and significant or an educational tool. Customers [can] take control of the ETH Blocks in the way in which they wish to and be as inventive as they are often with how they share them and which moment on the blockchain they mint.”
As a lot as ETH Blocks may be sentimental for customers, Ethereum’s history and “each particular person fork and improve maintain a particular place” within the MEW team’s hearts as well, added Hemachandra. Since each the Ethereum blockchain and MyEtherWallet have been founded in 2015, Hemachandra noted that MEW has made it a precedence to be on the forefront of innovation for the Ethereum community:
“We consider that Ethereum can develop into the indisputable best blockchain for Web3. And now, with ETH Blocks, all of us can remember how we got there when we arrive!”