MyEtherWallet allows users to mint Ethereum blocks as NFTs

MyEtherWallet, or MEW, launched its first nonfungible token (NFT) assortment referred to as ETH Blocks on Thursday, which tokenizes particular person blocks on the Ethereum blockchain. Distinctive photographs related to ETH Blocks are generated primarily based on the block’s information. These NFTs can be found completely to MEW customers by way of the MyEtherWallet web site.

Quite a lot of blocks have already been claimed, in keeping with the corporate. Ethereum’s founders referred to as first dibs on blocks one by 10. There are additionally 13 ETH Blocks representing the historical past of Ethereum — reminiscent of main milestones, forks and updates to the blockchain — which were put up for a month-long public sale, the proceeds of which might be donated to organizations reminiscent of The Skid Row Housing Belief, Wikipedia, Women Who Code and NPR, amongst others.

Cointelegraph spoke with Kosala Hemachandra, CEO of MEW, to be taught extra concerning the unique Ethereum pockets’s choice to embrace NFTs and innovate on the Ethereum blockchain:

“MEW is devoted to creating historical past by bringing NFTs to assist newcomers and skilled customers discover a brand new manner of Ethereum in a trusted surroundings.”

He went on to clarify that the challenge goals to supply full entry to all of the Ethereum blockchain has to supply. Since most NFT markets are presently constructed on the Ethereum blockchain, he informed us that it “is sensible” to contain Ethereum customers in any respect talent ranges by permitting them to mint and personal distinctive items of the blockchain itself.

When requested what he considers to be the worth driver behind proudly owning an ETH Block, Hemachandra informed Cointelegraph:

“The wonderful factor about ETH Blocks is that they are often sentimental and significant or an academic software. Customers [can] take management of the ETH Blocks in the best way they wish to and be as artistic as they are often with how they share them and which second on the blockchain they mint.”

As a lot as ETH Blocks could also be sentimental for customers, Ethereum’s historical past and “each particular person fork and improve maintain a particular place” within the MEW staff’s hearts as properly, added Hemachandra. Since each the Ethereum blockchain and MyEtherWallet have been based in 2015, Hemachandra famous that MEW has made it a precedence to be on the forefront of innovation for the Ethereum group:

“We imagine that [Ethereum] can develop into the indeniable finest blockchain for Web3. And now, with ETH Blocks, all of us can bear in mind how we acquired there after we arrive!”

Earlier this yr, Hemachandra wrote an article for Cointelegraph concerning the worth past the hype of NFTs. And with the announcement of ETH Blocks, he and the MEW staff hope to display their conviction within the potential of Ethereum and the endurance of NFTs.