Wednesday, May 25, 2022
Home Crypto News Market MyEtherWallet (MEW) Launched The Feature Of Tokenization of Ethereum Blocks Into NFTs

MyEtherWallet (MEW) Launched The Feature Of Tokenization of Ethereum Blocks Into NFTs

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MyEtherWallet launched the ETH Blocks NFTs feature. “ETH Blocks are NFTs that represent individual blocks mined to the Ethereum blockchain.”

Read: Amazon Customers Will Be Able To Pay With Venmo, A Paypal Mobile Payment Service That Support BTC, ETH, LTC, and BCH



MyEtherWallet (MEW) reports that 13 non-fungible tokens (NFT) have already been created. The NFTs represent the Ethereum White Paper published in 2013, the ETH token presale in 2014, Ethereum hard forks, the launch of the Beacon Chain, and other important historical events of Ethereum.

These collectible tokens will be up for charity auction from November 11th to December 11th. The proceeds from their sale will go to non-profit organizations The Skid Row Trust, Wikipedia, The Internet Archive, Smile Train, Extra Life, Girls Who Code, Petsmart Charities, Go Red For Women, Prostate Cancer Foundation, Red Noses, Gary Sinise Foundation, Create Now, and NPR.

 

MEW Writes:

“ETH Blocks are NFTs that represent individual blocks mined to the Ethereum blockchain. The unique images associated with ETH Blocks are generated based on the block’s data. Each block’s NFT can only be minted once and only on MyEtherWallet.com. Whether it’s a block that represents a milestone in Ethereum’s history, or one that has a secret and special significance to you personally — once you’ve minted it, no one else can get it.

ETH Blocks can be minted exclusively on the MEW web. Early adopters get a discount: the first 100 blocks are priced at 0.01 ETH, the next 500 at 0.03 ETH, and 0.05 ETH for all blocks thereafter (plus gas fees).

Some blocks have a special significance for Ethereum, and won’t be available to mint on MEW. Blocks 1–10 will be reserved for Ethereum founders — those who contributed most to its creation and growth and made the Ethereum ecosystem we know today possible.”

Read: Goldman Sachs Says Ethereum Could Rise To $8000 By Year-End

Kosala Hemachandra, founder and CEO of MyEtherWallet, said:

“We wanted to provide users with an opportunity to learn about the milestones in Ethereum’s development. In addition to buying Ether or any other crypto asset based on the Ethereum blockchain, people will now be able to purchase NFTs of an entire ETH block.”

The MyEtherWallet wallet was launched in 2015, shortly after the launch of the Ethereum blockchain. Over the past ten months, the number of wallets has grown to more than 2 million. Previously, MyEtherWallet users were able to create NFTs by connecting the wallet to NFT marketplaces such as Rarible. With the new ETH Blocks feature, the MEW wallet can form its own ecosystem of non-fungible tokens.

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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