Over 4000 ETH have been ‘burned’ just hours after the ambitious EIP-1559 upgrade was rolled out on the Ethereum network, data from multiple sources shows.The burned stash is worth over $11 million at press time, representing a tiny portion of the asset’s $325 billion market cap. Still, the burns mean everything is working as intended, ahead of Ethereum’s move to a … [Read more...] about Over 4,000 ETH burned hours after EIP-1559 upgrade
Burned
Here’s why Ethereum’s Vitalik Buterin burned $7 billion in Shiba Inu (SHIB)
Vitalik Buterin has destroyed 90% of his remaining holdings in Shiba Inu, with the leftover 10% allocated to a yet-to-be-determined charity. The action comes days after Buterin donated over $1 billion of SHIB to the India Covid-Crypto Relief Fund.Buterin stated that his decision to destroy and give away his SHIB came from not wanting to be a “locus of power” in the … [Read more...] about Here’s why Ethereum’s Vitalik Buterin burned $7 billion in Shiba Inu (SHIB)
Banksy art burned and tokenized
An original artwork by anonymous British street artist Banksy has been burned and turned into a nonfungible token. The NFT will be auctioned next week on the blockchain-based Rarible platform, where users can create and purchase rare tokenized artworks.The original Banksy in question is a satirical piece entitled “Morons,” which depicts buyers at an art auction bidding on a … [Read more...] about Banksy art burned and tokenized