Were you into crypto before the Ethereum merger? Now, you can prove this with a “proof of merge” NFT.
a pair of creative thinkers web3 strong Andreessen Horowitz made one proof of merger NFTs are characterized by metadata that evolves dynamically as the Ethereum merge unfolds.
A16z Engineering Partner Michael Blau and Crypto Investment Partner Mason Hall Building Black-and-White “Proof of Merge” Ethereum The NFT, which goes through three stages, is triggered automatically by smart contract, software developer Zachm.eth Designed the front end for the project.
The first stage of each Proof of Merge NFT is displayed first Sickness and shows two different circles. second stage of NFT, which happened in the early hours of Wednesday, shows two semi-merged circles. The third stage will show the fully merged circles, creating a yin-and-yang symbol to indicate that the Ethereum merger is complete.
“It’s basically a side project that Mason and I hacked together really quickly over the weekend, this past weekend, and launched, and so far it’s been pretty crazy,” Blau told decrypt in an interview.
Art is a nod to an Ethereum panda bear memeHall said, which refers to Ethereum execution layer as a black bear and ethereum consensus layer as a white bear. The two bears then combine to form the final Ethereum Panda Bear, which has become a metaphor after the merger of Ethereum.
At the time of publication, approximately 9,000 unique crypto wallet addresses are already molded A free “Proof of Merger” NFT, which is an unlimited number but can be claimed even before the merger is finalized.
Why did he choose three phases? It was mostly for simplicity, Blau says.
“We’re actually storing each ASCII image on the chain, and the more steps we wanted to store, the more data we would have to store, which is more storage gas fee We have to pay initially when implementing the smart contract,” Blau said.
Specifically, Blau’s brother Justin Blau Is also into crypto and wants to change the music industry through NFTs.
NFTs—unique blockchain tokens that indicate ownership—are non-transferrable. If someone tries to transfer their Proof of Merge NFT, the transaction will fail, but the sender will still have to pay the Ethereum gas fee.
This means that Proof-of-Merge NFTs also function as “proof of presence” NFTs, as they can only be held by the wallets that minted them prior to the merger. The design has a black and white ASCII style similar to Blau’s previous Ethereum NFT collections, mev army And x0rWhich both were launched earlier this year.
The intermediate phase of the two partially converging circles was triggered by a “timestamp associated with the block”, Hall explained. decrypt, “And so we use[d] The 12-hour window before the merger is meant to represent exactly this intermediate stage.”
The smart contract behind Proof of Merge NFTs is also designed to be able to determine when a merge occurs in order to convert the NFT to its third and final state – the yin yang symbol.
“The only way to find out whether or not a merge happened on-chain is to measure something called block dot difficulty,” Hall said. “It is characteristic of a block that returns in general how difficult it was to mine that block on Ethereum proof of work chain.”
This value will be equal to zero when the merge is complete.
Ethereum Merge That will happen on Wednesday evening, according to estimates based on Ethereum’s current hash rate. The merge will completely transition the Ethereum blockchain’s mainnet from proof-of-work mining to a proof-of-stake system – a massive change that is predicted to reduce Ethereum’s energy consumption by 99.95%.