MyEtherWallet, or MEW, thrown out its first NFT collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. The unique images associated with the ETH blocks are generated based on the data in the block. These NFTs are exclusively available to MEW users through the MyEtherWallet website.
Several blocks have already been claimed, according to the company. Ethereum's founders called blocks 1-10 first. There are also thirteen ETH blocks representing The history of Ethereum, such as major milestones, forks, and updates to the Ethereum blockchain, which have been put up for a month-long auction, the proceeds of which will be donated to organizations such as The Skid Row Trust, Wikipedia, Girls Who Code, and NPR, among others.
Cointelegraph spoke with Kosala Hemachandra, CEO of MEW, to learn more about the original Ethereum wallet's decision to adopt NFT and innovate on the Ethereum blockchain:
"MEW is dedicated to making history by bringing NFT to help newcomers and experienced users explore a new form of Ethereum in a trusted environment."
He went on to explain that the project aims to provide full access to everything the Ethereum blockchain has to offer. Since most NFT markets are currently built On the Ethereum blockchain, he told us that it "makes sense" to engage Ethereum users at all skill levels by allowing them to coin and own unique pieces of the blockchain itself.
When asked what he considers to be the value driver behind owning an ETH block, Hemachandra told Cointelegraph:
โThe amazing thing about ETH blocks is that they can be sentimental and meaningful or an educational tool. Users [can] take control of ETH blocks in any way they want and be as creative as possible with how they are shared and when on the blockchain they are minted. "
As much as ETH blocks may be sentimental to users, the history of Ethereum and "each individual fork and upgrade holds a special place" in the hearts of the MEW team as well, Hemachandra added. Since both the Ethereum blockchain and MyEtherWallet were founded in 2015, Hemachandra noted that MEW has made being at the forefront of innovation for the Etherum community a priority:
"We believe that [Ethereum] may become the undisputed best blockchain for Web3. And now, with ETH Blocks, we can all remember how we got there when we got there! "
Earlier this year, Hemachandra wrote an article for Cointelegraph about the value beyond the hype of the NFTs. And with the announcement of ETH Blocks, he and the MEW team hope to demonstrate their belief in the potential of Ethereum and the staying power of NFTs.
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