NFTs have actually emerged and become popular with the popularization of cryptocurrencies and blockchain technology. Technology has developed a lot lately and people’s trends are changing accordingly. Among these trends, in recent years, people have started to turn to cryptocurrencies or blockchain technology and we see a lot of developments on the internet on this subject. In line with these developments and technologies, NFTs have emerged and we can say that they have actually even created their own economies. Some NFTs are so expensive that people can get rich by selling them. But people who have such important assets also need a lawyer at this point because sometimes they may experience situations on the internet where they need to resort to legal processes.
Tag: Ethereum blockchain
Ethereum “Merge” Called One of Biggest Decarbonization Events Ever
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the staff of the Ridgewood blog
Ridgewood NJ, Vitalik Buterin Says Ethereum “Merge” cut global energy usage by 0.2%, one of biggest decarbonization events ever . The Ethereum Merge lowered the world’s energy consumption by 0.2%. It may be one of the single biggest decarbonization efforts in history. The Merge cut Ethereum’s energy use by 99.988% and carbon-dioxide emissions by 99.992%. Miners that were mining ETH prior to the “Merge” have switched to other Proof-of-Work-based digital assets.
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Wyoming’s Blockchain Galt’s Gulch
the staff of the Ridgewood blog
Ridgewood NJ, Wyoming’s DAO law allows Decentralized Autonomous Organizations to be legally recognized. It recognizes two different types of DAOs: those run by members, and those managed by algorithms. CityDAO has purchased a piece of land in the northwestern corner of Wyoming. The project aims to build a city on the Ethereum blockchain. People can become citizens through the purchase of an NFT.