Released after the Merge update, EthereumPow (ETHW) added NFT and DeFi functionality to its ecosystem.
ETHW, which emerged with the aim of continuing the PoW network structure, will evolve into a full-scale progmatic blockchain. With the new development, it will be able to easily bring NFT markets and DeFi products to its community. The community, which has to deal with the Ethereum base, especially in the NFT and DeFi fields, will be able to actively use the ETHW network with the update.
ETHW Ecosystem Will Evolve with NFT and DeFi Functionality
In the update, it was given the good news that users can now make transactions easily. Users can now transfer their Ethereum-based tokens to the ETHW network.
Blockchain-based digital asset service provider Crypto.com announced with a social media post that it has added the ETHW network to its DeFi wallet module.
This innovation shows that ETHW tokens can now be added to the liquidity pool. This development will have an important place in creating an ecosystem of its own, especially for the token, which will play an active role in DeFi products.
Also, bridge transactions have been implemented recently for stablecoins that will enable seamless value transfers of the ecosystem. The bridge will actively use US Dollar Tether (USDT) and USD Coin (USDC) stablecoins.
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