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HomeETHCrypto.com to list DeFi and NFT functionality on EthereumPOW (ETHW)

Crypto.com to list DeFi and NFT functionality on EthereumPOW (ETHW)

On September 22, developers of EthereumPoW (ETHW), an important Ethereum (ETH) spin-off on the proof-of-work protocol, provided details regarding new tokenisation tools for ETHW via tweet.

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

Ways to try out NFT and DeFi on EthereumPOW

EthereumPOW

From September 20, 2022, onwards, Tier-1 crypto assets service Crypto.com will introduce enhanced EthereumPoW (ETHW) compatibility in its DeFi Wallet feature.

Customers can now receive and send ETHW transfers, transfer ERC-20 (Ethereum-based) tokens to EthereumPoW (ETHW), and link decentralised apps to a recently released blockchain using the updated version of the platform.

Most significantly, Web3 fans can combine decentralised finance networks (DeFis) and NFT marketplaces with EthereumPoW using a Crypto.com (ETHW) DeFi Wallet.

EthereumPOW network gathering momentum

It implies that ETHW tokens (just like “ordinary” Ethers) can be introduced into liquidity mechanisms and utilised for activities involving non-fungible tokens.

Additionally, bridges for the two biggest stablecoins, USD Coin (USDC) and USD Tether (USDT) were recently launched to allow for effortless value transfer to the ETHW network.

As previously reported by the media platform, Chandler Duo, a significant player in the ETC, is the leader of the EthereumPoW (ETHW) initiative, which is campaigned by the miners’ community.

The “initial” Ethereum (ETH) will continue to operate on PoW (Proof of Work) as it was planned earlier, while the main version switches to PoS (Proof-of-Stake) consensus.

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