MyEtherWallet will allow users to mint ETH blocks in the form of NFTs, said CEO Kosala Hemachandra, who said the first NFT drop will make history. Now let’s learn more about it in today’s Ethereum news.
MyEtherWallet will allow users to mine ETH blocks and a few days ago it launched its first collection of NFTs called ETH blocks which will encode individual blocks on the Ethereum blockcahin.
The unique image associated with ETH blocks is generated based on block data. These NFTs can only be made available to MEW users through the MyEtherWallet website.
Multiple blocks were claimed and the founders of Ethereum even called it the first to cut blocks from one to 10. There are 13 ETH blocks that represent the history of Ethereum as milestones. Updates and forks to the blockchain have been posted in auction for months as proceeds are pending to be donated to organizations like the Skid Row Housing Trust, Girls Who Code, and Wikipedia. MEW CEO Kosala Hemachandra said:
“MEW is committed to making history by introducing NFTs to help newbies and experienced users discover a new path to Ethereum in a trusted environment.”
He further stated that the project aims to provide more access to everything the Ethereum blockchain has to offer to mine. When asked what he sees as the value driver behind an ETH block, Hemachandara said:
“The amazing thing about ETH blocks is that they can be sentimental and meaningful or an educational tool. user [can] Control the ETH blocks the way you want and be as creative as possible about how they share them and what moments they shape on the blockchain. ”
If ETH blocks often bring emotions to users, the history of Ethereum as well as individual upgrades and upgrades still occupy a special place in the MEW pool. With both the Ethereum blockchain and MyEtherWallet launched in 2015, the CEO noted that MEW has a priority on being at the forefront of innovation for the community:
“We believe that [Ethereum] could become the undeniably best blockchain for Web3. And now, with ETH Blocks, we can all remember how we got there when we got there! ”
Hemachandra has also written about the value beyond the NFT hype and with the announcement of the ETH block, he and the MEW team will demonstrate their belief in the Ethereum blockchain and the survivability of the NFT.