The Ethereum blockchain recently implemented new protocol Proof of stake . Everyone in the community is proud to watch as Ethereum takes its first steps with the proof-of-stake protocol.
The Ethereum Merge is now history and cryptocurrency enthusiasts are the buzz. The Ethereum PoS system created its first token seconds after the historic Merging occurred.
The Merge happened officially on Thursday at 6:42 UTC. The first announcement of the token was shortly after 07:08 UTC.
The first NFT panda bear, which was minted earlier this year, sold out in seconds to costumers clamoring to snap up the first of these coins.
Someone just paid 36 ETH in gas to mint this
— Cirrus (@CirrusNFT) September 15, 2022
The first minted NFT on proof of stake pic.twitter.com/zKUKI06EjH
Upon the release of the first PoS NFT, many bemoaned it as a questionable decision. Some called it ‘fire’. One user even speculated if the Merge panda would be the new iconic Yacht Club persona.
The news of the first NFT sold in a mint triggered an avalanche of firsts for blockchain.
Sheldon, founder of Web3, revealed that their first official NFT collection is to be minted on the PoS network.
A new beginning 🌸
— SHELDON EVANS (Hiring) (@SheldonEvans) September 15, 2022
We are officially the first NFT collection on the #Ethereum proof-of-stake chain.
Airdrop of the rest of the tokens will happen later today 😮💨 https://t.co/jGj0EwE1K9
Some people are excited about their new digital assets, while others are excited to have spent their money.
This rose is for you @VitalikButerin , my last dumb purchase on this beautiful creation you have made. I will follow you blindly into the merge. May you receive this @BASEDghouls in good health. pic.twitter.com/smywO4fDXd
— vcBacked_BOB_BOYLE (@Bob_Boyle_1662) September 15, 2022
Consensys, the blockchain software company of Joseph Lubin, is making it possible for members to make their first transaction with PoS. They are trying to encourage this by minting one of their own commemorative NFT’s celebrating the merge.
Ethereum’s merger with ConsenSys has inspired artwork from big names such as Beeple, who created a merge-inspired illustration of a large slowly forming Ethereum logo supported by scientists. The Ethereum Foundation has also gotten creative and composed and performed a song to the event.