MyEtherWallet (MEW), a wallet and interface for interacting with the Ethereum (ETH) blockchain, aims to launch a new collection of non-fungible tokens (NFT) dubbed ETH Blocks, which will represent specific Ethereum blocks.
Blocks are bundles of transactions that also include the hash of the previous block, creating a chain of data known as a blockchain.
Using the MEW platform, users will be able to issue ETH blocks and “own a unique unchanged piece” of Ethereum’s history.
However, not all blocks are available for release. For example, blocks 1 through 10 are reserved for the founders and developers of Ethereum, an additional thirteen blocks that “mark turning points in Ethereum history will be released and put up for auction” on November 11th. The proceeds will be donated to non-profit organizations.
First users will receive a discount. The issuance price of the first 100 blocks is 0.01 ETH ($ 47), the next 500 blocks are 0.03 ETH ($ 142), after which a flat fee of 0.05 ETH ($ 236) will be charged.
Each NFT will be associated with an image that will be generated from the data in this block.
We wanted to provide users with an opportunity to understand the milestones associated with Ethereum and instead of owning ETH or an Ethereum based asset, get a consistent and excellent record of owning the entire Ethereum block, ” said Kosala Hemachandra, CEO and Founder of MyEtherWallet.
In the future, users will be able to sell their “blocky” NFTs on secondary marketplaces. Some of the pre-released ETH blocks are already available on the Rarible NFT marketplace.