ConsenSys Marks Ethereum Merge With Green NFTs

NFT

Blockchain growth agency ConsenSys has introduced a line of inexperienced NFTs to commemorate Ethereum’s upcoming Merge.

ConsenSys Pronounces NFT Line

ConsenSys is releasing a line of eco-friendly NFTs to have a good time the Merge.

The corporate introduced on Thursday, Sept. 1, that it’ll launch a group of NFTs known as “Regenesis.” ConsenSys says that the NFT assortment “explores the size and significance” of Ethereum’s Merge and is “targeted on a very powerful good thing about the Merge: sustainability.”

ConsenSys famous that Ethereum’s transition to Proof-of-Stake will scale back the blockchain’s carbon footprint by 99.95%, a quantity that’s in keeping with estimates supplied by Ethereum builders final yr. With this modification, the Ethereum community can be about 2000 occasions extra vitality environment friendly than it’s right now.

The gathering of NFTs will function artwork created by Chris Skinner and animated by KeithCity Group. The blockchain advertising and marketing company Invisible North contributed to design.

ConsenSys will start to mint the NFT at 1:00 PM UTC on the date of the Merge and can permit minting to proceed for 72 hours.

NFT minting can be free aside from fuel or transaction charges, and customers will be capable to mint as lots of the NFTs as they like. Ethereum contributors who’re a part of the Protocol Guild will even obtain an airdrop that includes a group of restricted version NFTs.

NFTs have traditionally been criticized for being environmentally damaging as a consequence of the truth that the Ethereum blockchain beforehand relied on the energy-intensive technique of mining.

Firms and types equivalent to Ubisoft, the WWF, Minecraft, Discord, and Sega have acquired backlash over the previous yr after asserting plans to launch NFTs. Even Kickstarter, which opted for Celo’s energy-efficient blockchain, confronted criticism.

ConsenSys beforehand pursued energy-efficient NFTs in 2021 when it co-launched the Palm ecosystem on Ethereum.

Whereas Ethereum’s transition to Proof-of-Stake will just about remove the environmental influence of NFT minting, it’s unclear whether or not this can be absolutely acknowledged by the general public given the notoriety of previous controversies across the situation.

Disclosure: On the time of writing, the creator of this piece owned BTC, ETH, and different cryptocurrencies.