The first NFT after “The Merge” cost ,000 in fees

The first NFT after “The Merge” cost $60,000 in fees

The first NFT after “The Merge” cost $60,000 in fees

The criticisms of “The Merges” have not been slow to arrive after the merger began today in the network of Ethereum. The transaction of first NFT has had a cost in fees of $60,000 or 36.8 ETHaccording to James Hunt in The Block.

The full terminal difficultya measure of cumulative mining difficulty on the Ethereum network, was achieved in the block 15537393 at 6:42:42 am UTC todaywhich caused the transition to proof of stake.

In just 17 seconds, the first NFT on Ethereum was minted with proof of stake in the next block. The user paid more than 36.8 ETH in transaction fees ($60,626.26) to mint the NFT called “The Transition.” It has a pet panda Ethereum and is part of a collection of 100 on the OpenSea NFT marketplace.

The NFT also displays key details related to Ethereum, including the current difficulty level and a timestamp.

The first NFT after “The Merge” cost $60,000 in fees
The first NFT after “The Merge” cost $60,000 in fees
The first NFT after “The Merge” cost $60,000 in fees

A user, who has just set up a new Twitter account and website, known as The TransitionHe claimed that he created it. NFTs are auctioned on the website.

The collection now takes its place in Ethereum history, but it is not the first time that the panda mascot has appeared as an NFT, with PandETH minted in early 2019.

The first NFT after “The Merge” cost $60,000 in feesThe first NFT after “The Merge” cost $60,000 in fees
The first NFT after “The Merge” cost $60,000 in fees

Ethereum It is trading at $1,500 at noon and the 200-period moving average remains below the latest candles.

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