The Ethereum community is wasting no time minting PoS NFTs right after the merge

by · September 15, 2022

The Ethereum community is wasting no time minting PoS NFTs right after the merge

The long awaited Ethereum merger has happened and the community cannot sit still. Moments after the historic crypto event, a user staked the first ever non-fungible token (NFT) on proof-of-stake (PoS) consensus.

Officially, the merger took place on 15 September at 06:42:42 UTC in block 15537393. The first announcement about the mint and sale of NFT came just after 07:08 UTC.

NFT, which is a time capsule of the moment of the first NFT coin and the iconic panda face, was quickly bought at the price of 36 Ether (ETH).

Following the announcement of the first PoS NFT, crypto Twitter exploded with retweets and comments. Comments from the community ranged from “questionable decision-making” to calling it “fire.” One user even asked if the Merge panda is going to be the new monkey, citing iconic Bored Ape Yacht Club personas.

Related: Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occurs

Following the news of the first NFT coin and sale, the avalanche of firsts for the new blockchain operating system began.

Sheldon Evans, the founder of Web3 lifestyle brand Bloom, tweeted that the brand created the first official NFT collection on the PoS network.

While some proudly display their first minted digital assets and collections, others in the Ethereum community proudly display their first purchases on the new system.

Consensys, the blockchain software company of Joseph Lubin, is also encouraging community members to make their first transaction on PoS by creating one of their own commemorative NFTs celebrating the merger.

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The Merge has also sparked creativity from big names like Beeple, who created a Merge-inspired illustration of a large slowly forming Ethereum logo backed by researchers. Members of the Ethereum Foundation also got creative and composed and performed a song dedicated to the event.