As the world geared up for the great upgrade of the year, VanityBlocks decided to mint the last block of proof-of-work Ethereum blockchain and turned it into an NFT to keep the moment forever.
“The Last POW Block” NFT is now out for auction on OpenSea, now bid for 20 ETH, which is $26,099 at the time of writing.
The Vanity Block NFT is the block number 15537393 officially listed on Etherscan where it shows that the creators fully covered the last block of old Ethereum in a single transaction.
VanityBlocks first collected funds from the investors a few days ago, and then on 15 September, they paid 30 ETH, which is the block gas limit of each block on Ethereum to mint the NFT.
MonkeyOnTheLoose, the founder of VanityBlocks, says he asked the co-founder of Ethereum, Vitalik Buterin, to quote a message to be added to the block but he didn’t say anything.
On the other hand, Ethereum has officially upgraded from proof of work to proof of stake which means the coins on the blockchain will be validated for the transaction instead of mined by miners.
This is a historical moment for the crypto and Ethereum community as it will not only save 99.9% of carbon emissions but also bring more scalability to its blockchain network.