Since The Merge, the community has been watching proudly as Ethereum makes its first moves toward proof-of-stake consensus.
The eagerly anticipated Ethereum Merge has taken place, and the community is in a tizzy. A user created the first nonfungible token (NFT) ever on the proof-of-stake (PoS) consensus just moments after the historic crypto event.
The Merge officially occurred in block 15537393 on September 15 at 06:42:42 UTC. Soon after, at 07:08 UTC, the first information about the mint and sale of the NFT was released.
The NFT, which is a time capsule commemorating the initial NFT minting event and has the recognizable panda face, was soon bought for 36 Ether.
After the first PoS NFT was revealed, crypto Twitter erupted with retweets and criticism. Remarks from the public varied from “questionable decision making” to “fire.” In reference to famous Bored Ape Yacht Club personalities, one user even asked if the Merge panda will be the next ape.
The first of many firsts for the new blockchain operating system followed the news of the first NFT mint and sale.
Bloom, a Web3 lifestyle company founded by Sheldon Evans, tweeted that it has produced the first official NFT collection to be sold on the PoS network.
Others in the Ethereum community are proudly displaying their first purchases made on the new system, while some proudly flaunt their first digital assets and collections.
Consensys, Joseph Lubin’s blockchain software startup, is minting a commemorative NFT in honor of the Merge to encourage community members to make their first transaction on PoS.
Big personalities like Beeple, who produced a Merge-inspired illustration of a sizable, slowly-forming Ethereum logo supported by scientists, have also been motivated to create as a result of the Merge. A song written and performed by Ethereum Foundation members was also created as a tribute to the occasion.
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