MyEtherWallet allows users to mint Ethereum blocks as NFTs

MyEtherWallet (or MEW) launched its first non-fungible token (NFT), collection, ETH Blocks, on Thursday. This tokenizes individual blocks on Ethereum’s blockchain. Based on data from each block, unique images are created for ETH Blocks. These NFTs can only be accessed by MEW users through the MyEtherWallet site.

According to the company, a number of blocks have been claimed. The founders of Ethereum called for first dibs on blocks 1-10. The 13 ETH Blocks that represent the history of Ethereum, such as major milestones and updates to the network, were also put up for auction. The proceeds will go to organizations like Wikipedia, Girls Who Code, NPR and The Skid Row Housing Trust.

Cointelegraph spoke to Kosala Shemachandra, CEO at MEW, about how the original Ethereum wallet decided to embrace NFTs, and how MEW innovates on the Ethereum blockchain.

“MEW is committed to making history by bringing in NFTs to assist newcomers as well as experienced users to explore a new way to Ethereum in a trusted setting.”

He explained that the project would allow everyone to have full access to the Ethereum blockchain. He explained that NFT markets are built on Ethereum blockchain and it was “logical” to allow Ethereum users of all skill levels to create their own pieces of the blockchain.

Hemachandra answered Cointelegraph’s question about the value of owning an ETH Block.

“ETH Blocks can be sentimental, meaningful, or educational. The ETH Blocks can be controlled by users in any way that they like. Users can also be as creative with the sharing of ETH Blocks and the moment they mint.

Hemachandra said that ETH Blocks are sentimental to users but that Ethereum’s history, and “every single fork and upgrade” hold a special place in the MEW team’s hearts. Hemachandra pointed out that MEW has been a leader in innovation for the Ethereum community since the creation of MyEtherWallet and the Ethereum blockchain.

“We believe [Ethereum] has the potential to grow into the undisputed best blockchain for Web3. With ETH Blocks, all of us can now remember how we got there!

Hemachandra published an article about NFTs’ value for Cointelegraph earlier this year. Hemachandra and the MEW team are confident in Ethereum’s potential and NFTs’ ability to stay afloat with the announcements of ETH Blocks.

Read more https://cointelegraph.com/news/myetherwallet-allows-users-to-mint-ethereum-blocks-as-nfts