A couple got married on the Ethereum blockchain and used tokenized rings after paying $587 in transaction fees so let’s read more in our latest ethereum news today.
Rebecca Rose and Peter Kacherginsky who are both employed in the Coinbase crypto exchange revealed how they used the Ethereum blockchain to become lawfully wedded. The couple got married on April 3 and posted on Twitter right after to announce they tied the knot in both the virtual and physical world.
Most people get married in a place of religious worship, on a beach, or in the mountains. Peter (@_iphelix) and I are NOT most people. We got married on the #blockchain. 1/7 pic.twitter.com/2ExexrlLbZ
— Rebecca Rose (@rgoldilox) April 2, 2021
In addition to the traditional Jewish wedding ceremony, Kacherginsky wrote an ETH smart contract dubbed Tabaat that issued “tokenized rings” NFTs in the form of TBT tokens that are now in the couple’s wallets. Tabaat is a word for ring in Hebrew. Kacherginsky created the smart contract on March 10 in 2218 lines which cost 0.25 ETH to create. An hour after the contract was created, three more transactions were sent from Tabaat for a cost of 0.0048 suggesting that the entire ceremony cost around $547.
The ceremony consisted of two transactions which was the transfer of the NFT rings from the contract to Rose and then to Kacherginsky. The ceremony took 4 minutes to be validated by the network and cost $50 in miner fees. By contrast, the average physical wedding in the US costs about $25K. The NFTs show the animation of two circles merging into one and they were illustrated by artists Carl Johan Hasselrot as Rose said:
“The blockchain, unlike physical objects, is forever. It is unstoppable, impossible to censor, and does not require anyone’s permission. Just as love should be. What could possibly be more romantic than that.”
This is not the first blockchain marriage with the DLT being used to wed a couple back in 2014. The wedding saw Joyce Bayo and David Mondrus formalize their marriage by scanning a QR code during a ceremony at a private BTC conference at Disney World in Orlando, Florida.
Speaking of ETH, we reported that, The ETH/USD exchange rate increased to $2007 during the Asia-Pacific trading session and the pair’s move uphill coincided with the drop in the BTC dominance index which is a metric that measures the flagship’s crypto BTC market cap against that of the rest of the crypto market to the lowest levels since October 2020.
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