On Thursday, MEW (MyEtherWallet) introduced its earliest NFT (nonfungible token) collection named ETH Blocks which tokenizes the independent blocks present on the blockchain of Ethereum. The NFTs of Exclusive images linked to Ethereum blocks are created according to the data stored on the respective blocks. The NFTs are accessible particularly for MEW customers through the website of MyEtherWallet. As per the firm, several blocks have in advance been claimed.
The founders of Ethereum stated that 13 ETH blocks are specifically representing Ethereum’s history like its chief forks, milestones, as well as blockchain updates that have continuously been put up until an auction prolonged over a month, the profits of which would be particularly given to the organizations like NPR, Girls Who Code, Wikipedia, and The Skid Row Housing Trust among others. MEW’s CEO, Kosala Hemachandra, voiced regarding the initial Ethereum wallet’s choice to adopt NFTs and revolutionize the Ethereum blockchain. MEW is devoted to building history through carrying NFTs to assist the latest users and witnessed the consumers exploring the latest approach of Etherum via a trusted atmosphere.
He moved on to elaborate that the respective project is targeted towards the provision of a thorough entrance to the entire products and services offered by Ethereum blockchain. As the majority of NFT markets are presently constructed over the blockchain of Ethereum, he recommends that the Ethereum consumers should be permitted to mint as well as own new chunks of the blockchain. On being asked about his consideration regarding the value driver at the back of an Ethereum Block possession, Hemachandra mentioned that the meaningfulness, sentimentality, or the nature of being an educational instrument, are the specificities of ETH Blocks.
The customers are capable of taking control over these blocks in a manner they like and being artistic to a level that suits them with having a choice to share those NFTs at their desired time and in the desired way. Because these blocks are significant for the consumers, the history of Ethereum and every distinct upgrade and fork occupies a particular space in the hearts of the MEW team as well, Hemachandra added. Since the foundation of both the MyEtherWallet and Ethereum blockchain was laid in 2015, he revealed that the MEW has been prioritized to lead the evolution regarding the Ethereum community. He considers that Ethereum would expand into the most efficient blockchain to run operate with Web3.