EthereumPoW Receives New NFTs And DeFi Functionality

The most well-known proof-of-work hardfork of the Ethereum (ETH) blockchain, EthereumPoW (ETHW), is becoming a fully-fledged programmable blockchain while maintaining the original network consensus following the activation of the Merge upgrade.

DeFis and NFTs on Ethereum’s PoW hardfork

On Twitter, contributors to EthereumPoW (ETHW), a significant Ethereum (ETH) spin-off based on the proof-of-work consensus, have shared information regarding new tokenization tools for ETHW.

On September 20, 2022, Tier-1 digital asset service Crypto.com will introduce enhanced ETHW compatibility in its DeFi Wallet module.

Users can now connect decentralized applications to a recently developed blockchain, transmit and receive ETHW transfers, and import ERC-20 (Ethereum-based) tokens to ETHW.

Most crucially, Web3 fans can combine NFT marketplaces and decentralized finance protocols (DeFis) with ETHW using a DeFi Wallet by Crypto.com.

EthereumPoW ecosystem is expanding

It implies that ETHW tokens can be utilized in non-fungible token activities and injected into liquidity mechanisms just like “ordinary” Ethers. Additionally, bridges for the two biggest stablecoins, USD Coin (USDC) and U.S. Dollar Tether (USDT), were recently launched to allow for easy value transfers to the ETHW ecosystem.

Chandler Duo, a major person in the ETC, is the leader of the EthereumPoW movement. While the primary version of Ethereum (ETH) transitions to PoS consensus, it is intended to retain the “original” Ethereum (ETH) running on proof of work.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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