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The Ethereum community has launched the BETH tokenization to destroy ETH, and Joseph Lubin stated that development will take place on it.
The Ethereum Foundation has launched BETH tokenization, aiming to transform the mechanism of burning ETH into on-chain tokens, with each BETH representing a destroyed ETH. Users sending ETH will have it destroyed and an equivalent amount of BETH minted. Ethereum co-founder Joseph Lubin praised the project, believing that burning ETH will foster new industries and provide new mechanisms for Web3 gaming.
ETH2.8%