MEW aims mto give users full access to all the Ethereum blockchain has to offer. Because the majority of NFT markets are now constructed on the Ethereum blockchain, it aims to incorporate Ethereum users of all skill levels by allowing them to mint and own unique bits of the network
MEW Unveiled ETH Blocks
On Thursday, MyEtherWallet, or MEW, unveiled ETH Blocks, its first nonfungible token (NFT) collection that tokenizes specific blocks on the Ethereum blockchain. Based on the block’s data, unique pictures for ETH Blocks are generated. The MyEtherWallet website is the only place where MEW users can buy these NFTs.
According to the corporation, some of the blocks have already been claimed. Blocks one through ten were given to Ethereum’s founders first. There are also 13 ETH Blocks symbolizing the history of Ethereum, including imMEWportant milestones, forks, and blockchain updates, that have been put up for a month-long auction, with proceeds going to organizations including The Skid Row Housing Trust, Wikipedia, Girls Who Code, and NPR, among others.
To discover more about MEW’s choice to adopt NFTs and innovate on the Ethereum blockchain, Cointelegraph spoke with Kosala Hemachandra, the company’s CEO:
“MEW is dedicated to making history by bringing NFTs to help newcomers and experienced users explore a new way of Ethereum in a trusted environment.”
He went on to say that the project’s goal is to give users full access to all the Ethereum blockchain has to offer. Because the majority of NFT markets are now constructed on the Ethereum blockchain, he believes it “makes sense” to incorporate Ethereum users of all skill levels by allowing them to mint and own unique bits of the network.
The Value of ETH Blocks
Hemachandra explained to Cointelegraph what he thinks is the value driver behind buying an ETH block:
“The amazing thing about ETH Blocks is that they can be sentimental and meaningful or an educational tool. Users [can] take control of the ETH Blocks in the way they want to and be as creative as they can be with how they share them and which moment on the blockchain they mint.”
As nostalgic as ETH Blocks may be for users, Hemachandra stated that Ethereum’s history and “every individual fork and upgrade” have a special place in the MEW team’s hearts as well. MEW has made it a priority to remain at the forefront of innovation for the Ethereum community since both the Ethereum blockchain and MyEtherWallet were launched in 2015, according to Hemachandra:
“We believe [Ethereum] has the potential to become the undisputed best blockchain for Web3. And now that we have ETH Blocks, we can all recall how we got there!”
Hemachandra authored an article for Cointelegraph earlier this year discussing the value of NFTs beyond the hype. With the launch of ETH Blocks, he and the MEW team seek to demonstrate their belief in Ethereum’s promise and the long-term viability of NFTs.