- Tokens.com (COIN) has outlined its value-accretive view of the upcoming Ethereum Merge
- The company believes the blockchain’s move from mining to staking will have no impact on its operations other than increased revenue
- Subsequent to the Merge, it expects compensation for staking ETH to increase from current levels
- Tokens.com invests in Web3 assets and builds Web3 businesses focused on crypto staking, the metaverse and play-to-earn crypto gaming
- Tokens.com (COIN) is down by 3.03 per cent, trading at $0.32 per share
Tokens.com (COIN) has outlined its value-accretive view of the upcoming Ethereum Merge.
Ethereum – the most widely used blockchain for NFTs and Web3 – will be making a processing upgrade on or about September 15th. The upgrade known as ‘The Merge’ marks the transition from proof-of-work, performed by crypto miners, to proof-of-stake, which is performed by crypto stakers.
The upgrade will require 99.9 per cent less energy consumption to validate transactions as miners will be fully replaced by stakers. This will allow Ethereum to achieve greater scale with faster transaction speeds and lower transaction fees.
Tokens.com has been staking ETH at scale since early 2021 and owns over 3,100 ETH. The company anticipates that the Merge will have no impact on its operations other than increased revenue.
Subsequent to the Merge, it expects compensation for staking ETH to increase from current levels.
Tokens.com is committed to exclusively investing in tokens compatible with a staking platform due to its increased energy efficiency and environmental friendliness.
“We have been early adopters of the shift to staking and are one of the first public companies to own and stake ETH at scale,” stated Andrew Kiguel, CEO of Tokens.com. “Long-term mass adoption of Web3 and crypto requires a move to environmentally friendly processes. As a result, we have continued staking Ethereum, Solana, Polkadot and other layer-one blockchains used in the creation of NFTs, metaverses and play-to-earn video games.”
Tokens.com invests in Web3 assets and builds Web3 businesses focused on crypto staking, the metaverse and play-to-earn crypto gaming.
Tokens.com (COIN) is down by 3.03 per cent, trading at $0.32 per share as of 2:04 pm EST.