Ethereum’s First NFT After Merge Made

After Ethereum’s long-awaited Mainnet upgrade Merge took place as of today, a user has released Ethereum’s first NFT in PoS.

It started working on Proof of Stake with the Ethereum Merge update.

Ethereum’s First NFT on PoS Made

With the successful realization of Ethereum’s Merge, the network, which said goodbye to Proof of Work, also said goodbye to mining.

One user presented Ethereum’s first NFT on Proof of Stake and paid a gas fee of about $60k, or 36 ETH, to mine this NFT.

Printed at a block height of 15537394, the image itself represents a panda face and is called “The Transition.”

First NFT on ETH PoS

Although there is a misconception that gas prices will decrease with Merge, this shows that the gas fee paid in NFT of approximately $ 60 thousand shows that Merge is not an update that fully covers gas fees. An upgrade that combines the Merge Beacon Chain with the Mainnet and enables PoS. Gas, on the other hand, is unaffected by Merge, as it works in a completely different way.

The reason for the increase in gas fees is due to the instantaneous density in the network.