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Ethereum Merge Sparks One-of-a-Kind Minting Frenzy

September 16, 2022
in NFTs
Reading Time: 3 mins read

On Thursday, those interested in cryptocurrency witnessed the biggest moment in the life cycle of the Ethereum ecosystem. After years of anticipation, NFT’s spiritual home has merged with its Proof of Stake counterpart.spark in nature NFT Mint Frenzy People all over the world have tried to get their hands on an irreplaceable piece of history.

As we all know, first and last carry a lot of weight in the world of high-value collectibles.So, in a tremendous stroke of ingenuity, people vanity block devised a bold plan. As a result, he made a brazen move to mint the final block of Ethereum PoW as one intact his NFT.

Unfortunately, we weren’t able to cast Sunset in the final POW block. Some absolute madman occupied the entire block by issuing 1 vanity block NFT and as a fee he paid 30 cents (30M gwei)

Vanity Blocks is an NFT project aiming to use whole blocks in one mint gg pic.twitter.com/jmMFoCSY90

0xBeans.eth (@0x_Beans) September 15, 2022

A wise collector accomplished this great feat with a single commit 30 ETH transaction Match the exact size of the Ethereum block. Additionally, it calls applied mathematics services to determine the exact time to execute a transaction. In the end, we spent 30.2 ETH to secure the block, plus 1.3 ETH in gas fees.

But while those events were coming to an end, another race was about to begin. A post-integration enthusiast tried to get his first NFT on the new system. When the dust settled, one brave investor released a whopping 36 ETH of gas to secure a poorly rendered photo of a panda.

Someone paid 36 ETH in gas to mine this

First NFT created in Proof of Stake pic.twitter.com/zKUKI06EjH

Cirrus (@CirrusNFT) September 15, 2022

So, as Ethereum POS works well, there are two new NFTs on the blockchain. Which one will be the most valuable? only time will tell.

want more? Connect with NFT Plaza

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