First post-Merge Ethereum NFT minted for $60K

Less than an hr aft Ethereum (ETH) completed the Merge; a idiosyncratic spent 36 ETH — astir $60,000 — to mint the archetypal NFT connected the proof-of-stake (PoS) network.

The NFT was minted astatine a Block tallness of 15537394 and is tagged “The Transition.” The NFT is portion of a panda look collection commemorating Ethereum’s modulation to PoS. The postulation tin beryllium recovered connected OpenSea.

The collection’s level terms is 0.6 ETH.

While immoderate users said the Merge had changed thing astir the network’s precocious state fees, the Ethereum Foundation antecedently clarified that the Merge would not trim state fees, nor would it marque transactions faster.

According to the Foundation, the Merge is simply a “change of statement mechanism” and “not an enlargement of web capacity.”

However, different infrastructural developments and scaling solutions deployed post-merge volition yet assistance trim the web fees.

Meanwhile, Ethereum’s migration to PoS would drastically trim its vigor depletion by up to 99%, thereby drafting much organization investors who had shied distant from the plus owed to biology concerns.

Ultrasound.money data besides showed that Ethereum’s proviso has been deflationary since the Merge went live. According to the tracker, astir 180 ETH has near the web since the Merge.

The station First post-Merge Ethereum NFT minted for $60K appeared archetypal connected CryptoSlate.