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The Ethereum blockchain recently shifted to a new consensus mechanism requiring less power consumption, but many are concerned it may affect NFTs.<\/p>\n\n\n\n

• Ethereum Network is host to several decentralized applications<\/a> (DApps) and home to several non-fungible tokens<\/a> (NFTs) including Bored Ape Yacht Club (BAYC). The merge<\/a> from the Proof-of-Work, (PoW) to the Proof-of-Stake<\/a> (PoS) consensus mechanism occurred on September 15, 2022.<\/li><\/ul>\n\n\n\n
  • This anticipated merge has stirred several discussions within the NFT<\/a> community regarding what is in store for NFTs after post-merge. Despite the markets\u2019 slow response to the merge, NFT holders can put their minds at ease.<\/li><\/ul>\n\n\n\n
    • Ethereum\u2019s shift to Proof of Stake (PoS) has dropped energy consumption on the network by 99.9%<\/a>, and worldwide consumption by 0.02%. Yet, critics argue that NFTs consume vast amounts of power, and the Ethereum merge would significantly reduce NFT creation.<\/li><\/ul>\n\n\n\n
      • In a statement<\/a> written to Forkast<\/em>, the head of Web3 and NFTs at Protocol labs, Jonathan Victor, discussed the highlights of the Ethereum merge and NFTs. He explained: \u201cThere\u2019s been an incredible amount of misinformation about the energy consumption of NFTs, but this migration will put even the most vocal critic\u2019s concern to rest.\u201d<\/li><\/ul>\n\n\n\n
        • The Blockchain Network and its community are excited about the Ethereum merge. They are committed to the goal of zero net emissions by 2050. Earlier this month, top-rated NFT Marketplace, OpenSea, openly announced its support of the Ethereum merge<\/a>. Their stance remains unchanged post-merge. As we await future developments regarding this Ethereum merge, NFT holders should keep their digital assets safe and secure.<\/li><\/ul>\n\n\n\n

          See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Is Finally Complete: Will It Affect NFTs?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-is-finally-complete-will-it-affect-nfts","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/forkast.news\/ethereum-merge-ugrade-successfully-ether\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:29","post_modified_gmt":"2023-04-10 08:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7160","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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          CryptoCom Reveals Its $2.8B Asset Portfolio

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          \n

          See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7160,"post_author":"7","post_date":"2022-09-17 12:25:37","post_date_gmt":"2022-09-17 02:25:37","post_content":"\n

          The Ethereum blockchain recently shifted to a new consensus mechanism requiring less power consumption, but many are concerned it may affect NFTs.<\/p>\n\n\n\n

          • Ethereum Network is host to several decentralized applications<\/a> (DApps) and home to several non-fungible tokens<\/a> (NFTs) including Bored Ape Yacht Club (BAYC). The merge<\/a> from the Proof-of-Work, (PoW) to the Proof-of-Stake<\/a> (PoS) consensus mechanism occurred on September 15, 2022.<\/li><\/ul>\n\n\n\n
            • This anticipated merge has stirred several discussions within the NFT<\/a> community regarding what is in store for NFTs after post-merge. Despite the markets\u2019 slow response to the merge, NFT holders can put their minds at ease.<\/li><\/ul>\n\n\n\n
              • Ethereum\u2019s shift to Proof of Stake (PoS) has dropped energy consumption on the network by 99.9%<\/a>, and worldwide consumption by 0.02%. Yet, critics argue that NFTs consume vast amounts of power, and the Ethereum merge would significantly reduce NFT creation.<\/li><\/ul>\n\n\n\n
                • In a statement<\/a> written to Forkast<\/em>, the head of Web3 and NFTs at Protocol labs, Jonathan Victor, discussed the highlights of the Ethereum merge and NFTs. He explained: \u201cThere\u2019s been an incredible amount of misinformation about the energy consumption of NFTs, but this migration will put even the most vocal critic\u2019s concern to rest.\u201d<\/li><\/ul>\n\n\n\n
                  • The Blockchain Network and its community are excited about the Ethereum merge. They are committed to the goal of zero net emissions by 2050. Earlier this month, top-rated NFT Marketplace, OpenSea, openly announced its support of the Ethereum merge<\/a>. Their stance remains unchanged post-merge. As we await future developments regarding this Ethereum merge, NFT holders should keep their digital assets safe and secure.<\/li><\/ul>\n\n\n\n

                    See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Is Finally Complete: Will It Affect NFTs?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-is-finally-complete-will-it-affect-nfts","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/forkast.news\/ethereum-merge-ugrade-successfully-ether\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:29","post_modified_gmt":"2023-04-10 08:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7160","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                    CryptoCom Reveals Its $2.8B Asset Portfolio

                    November 12, 2022 - Updated on April 10, 2023

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                    Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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                    December 3, 2024

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                    By subscribing, you agree with our privacy and terms.

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                    Follow The Distributed

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                    ADVERTISEMENT
                    \n
                    • In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n

                      See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7160,"post_author":"7","post_date":"2022-09-17 12:25:37","post_date_gmt":"2022-09-17 02:25:37","post_content":"\n

                      The Ethereum blockchain recently shifted to a new consensus mechanism requiring less power consumption, but many are concerned it may affect NFTs.<\/p>\n\n\n\n

                      • Ethereum Network is host to several decentralized applications<\/a> (DApps) and home to several non-fungible tokens<\/a> (NFTs) including Bored Ape Yacht Club (BAYC). The merge<\/a> from the Proof-of-Work, (PoW) to the Proof-of-Stake<\/a> (PoS) consensus mechanism occurred on September 15, 2022.<\/li><\/ul>\n\n\n\n
                        • This anticipated merge has stirred several discussions within the NFT<\/a> community regarding what is in store for NFTs after post-merge. Despite the markets\u2019 slow response to the merge, NFT holders can put their minds at ease.<\/li><\/ul>\n\n\n\n
                          • Ethereum\u2019s shift to Proof of Stake (PoS) has dropped energy consumption on the network by 99.9%<\/a>, and worldwide consumption by 0.02%. Yet, critics argue that NFTs consume vast amounts of power, and the Ethereum merge would significantly reduce NFT creation.<\/li><\/ul>\n\n\n\n
                            • In a statement<\/a> written to Forkast<\/em>, the head of Web3 and NFTs at Protocol labs, Jonathan Victor, discussed the highlights of the Ethereum merge and NFTs. He explained: \u201cThere\u2019s been an incredible amount of misinformation about the energy consumption of NFTs, but this migration will put even the most vocal critic\u2019s concern to rest.\u201d<\/li><\/ul>\n\n\n\n
                              • The Blockchain Network and its community are excited about the Ethereum merge. They are committed to the goal of zero net emissions by 2050. Earlier this month, top-rated NFT Marketplace, OpenSea, openly announced its support of the Ethereum merge<\/a>. Their stance remains unchanged post-merge. As we await future developments regarding this Ethereum merge, NFT holders should keep their digital assets safe and secure.<\/li><\/ul>\n\n\n\n

                                See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Is Finally Complete: Will It Affect NFTs?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-is-finally-complete-will-it-affect-nfts","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/forkast.news\/ethereum-merge-ugrade-successfully-ether\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:29","post_modified_gmt":"2023-04-10 08:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7160","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                CryptoCom Reveals Its $2.8B Asset Portfolio

                                November 12, 2022 - Updated on April 10, 2023

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                                Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                December 19, 2024

                                Artificial Intelligence

                                Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                August 15, 2024

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                                Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                November 24, 2024

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                                Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

                                December 3, 2024

                                Subscribe To Our Newsletter

                                By subscribing, you agree with our privacy and terms.

                                Type your email here

                                >

                                Follow The Distributed

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                                ADVERTISEMENT
                                \n
                                • There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
                                  • In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n

                                    See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7160,"post_author":"7","post_date":"2022-09-17 12:25:37","post_date_gmt":"2022-09-17 02:25:37","post_content":"\n

                                    The Ethereum blockchain recently shifted to a new consensus mechanism requiring less power consumption, but many are concerned it may affect NFTs.<\/p>\n\n\n\n

                                    • Ethereum Network is host to several decentralized applications<\/a> (DApps) and home to several non-fungible tokens<\/a> (NFTs) including Bored Ape Yacht Club (BAYC). The merge<\/a> from the Proof-of-Work, (PoW) to the Proof-of-Stake<\/a> (PoS) consensus mechanism occurred on September 15, 2022.<\/li><\/ul>\n\n\n\n
                                      • This anticipated merge has stirred several discussions within the NFT<\/a> community regarding what is in store for NFTs after post-merge. Despite the markets\u2019 slow response to the merge, NFT holders can put their minds at ease.<\/li><\/ul>\n\n\n\n
                                        • Ethereum\u2019s shift to Proof of Stake (PoS) has dropped energy consumption on the network by 99.9%<\/a>, and worldwide consumption by 0.02%. Yet, critics argue that NFTs consume vast amounts of power, and the Ethereum merge would significantly reduce NFT creation.<\/li><\/ul>\n\n\n\n
                                          • In a statement<\/a> written to Forkast<\/em>, the head of Web3 and NFTs at Protocol labs, Jonathan Victor, discussed the highlights of the Ethereum merge and NFTs. He explained: \u201cThere\u2019s been an incredible amount of misinformation about the energy consumption of NFTs, but this migration will put even the most vocal critic\u2019s concern to rest.\u201d<\/li><\/ul>\n\n\n\n
                                            • The Blockchain Network and its community are excited about the Ethereum merge. They are committed to the goal of zero net emissions by 2050. Earlier this month, top-rated NFT Marketplace, OpenSea, openly announced its support of the Ethereum merge<\/a>. Their stance remains unchanged post-merge. As we await future developments regarding this Ethereum merge, NFT holders should keep their digital assets safe and secure.<\/li><\/ul>\n\n\n\n

                                              See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Is Finally Complete: Will It Affect NFTs?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-is-finally-complete-will-it-affect-nfts","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/forkast.news\/ethereum-merge-ugrade-successfully-ether\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:29","post_modified_gmt":"2023-04-10 08:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7160","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                                              Previous 1 2 3 4 5 6 Next

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                                              Business

                                              CryptoCom Reveals Its $2.8B Asset Portfolio

                                              November 12, 2022 - Updated on April 10, 2023

                                              Artificial Intelligence

                                              Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                              December 19, 2024

                                              Artificial Intelligence

                                              Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                              August 15, 2024

                                              Artificial Intelligence

                                              Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                              November 24, 2024

                                              Artificial Intelligence

                                              Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

                                              December 3, 2024

                                              Subscribe To Our Newsletter

                                              By subscribing, you agree with our privacy and terms.

                                              Type your email here

                                              >

                                              Follow The Distributed

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                                              ADVERTISEMENT
                                              \n
                                              • The chief mining officer at Bitfarms, Ben Gagnon, tweeted<\/a> that GPU mining is dead. He added that the remaining coins showing profit in Proof-of-Work consensus have no market cap or liquidity.<\/li><\/ul>\n\n\n\n
                                                • There is growing competition between miners with smaller potential rewards. According to Minerstat<\/a>, the Ethereum Classic block rewards fell from 58 cents to a bit above 1 cent within 24 hours. Also, Raven coin network, RVN block rewards fell from $1.77 to about 4 cents within the same period.<\/li><\/ul>\n\n\n\n
                                                  • In the end, the block rewards earned by GPU miners on PoW consensus mechanisms are not enough. Operating state-of-the-art mining hardware and the ever-increasing energy costs is no longer enough to turn a profit. The future is quite gloomy for ETH miners.<\/li><\/ul>\n\n\n\n

                                                    See Related:<\/em><\/strong> Cryptocurrency Mining<\/a><\/p>\n","post_title":"Ethereum Merge Renders GPU Miners Inactive","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-renders-gpu-miners-inactive","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:13","post_modified_gmt":"2023-04-10 08:55:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7171","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7160,"post_author":"7","post_date":"2022-09-17 12:25:37","post_date_gmt":"2022-09-17 02:25:37","post_content":"\n

                                                    The Ethereum blockchain recently shifted to a new consensus mechanism requiring less power consumption, but many are concerned it may affect NFTs.<\/p>\n\n\n\n

                                                    • Ethereum Network is host to several decentralized applications<\/a> (DApps) and home to several non-fungible tokens<\/a> (NFTs) including Bored Ape Yacht Club (BAYC). The merge<\/a> from the Proof-of-Work, (PoW) to the Proof-of-Stake<\/a> (PoS) consensus mechanism occurred on September 15, 2022.<\/li><\/ul>\n\n\n\n
                                                      • This anticipated merge has stirred several discussions within the NFT<\/a> community regarding what is in store for NFTs after post-merge. Despite the markets\u2019 slow response to the merge, NFT holders can put their minds at ease.<\/li><\/ul>\n\n\n\n
                                                        • Ethereum\u2019s shift to Proof of Stake (PoS) has dropped energy consumption on the network by 99.9%<\/a>, and worldwide consumption by 0.02%. Yet, critics argue that NFTs consume vast amounts of power, and the Ethereum merge would significantly reduce NFT creation.<\/li><\/ul>\n\n\n\n
                                                          • In a statement<\/a> written to Forkast<\/em>, the head of Web3 and NFTs at Protocol labs, Jonathan Victor, discussed the highlights of the Ethereum merge and NFTs. He explained: \u201cThere\u2019s been an incredible amount of misinformation about the energy consumption of NFTs, but this migration will put even the most vocal critic\u2019s concern to rest.\u201d<\/li><\/ul>\n\n\n\n
                                                            • The Blockchain Network and its community are excited about the Ethereum merge. They are committed to the goal of zero net emissions by 2050. Earlier this month, top-rated NFT Marketplace, OpenSea, openly announced its support of the Ethereum merge<\/a>. Their stance remains unchanged post-merge. As we await future developments regarding this Ethereum merge, NFT holders should keep their digital assets safe and secure.<\/li><\/ul>\n\n\n\n

                                                              See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum Merge Is Finally Complete: Will It Affect NFTs?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-merge-is-finally-complete-will-it-affect-nfts","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/\nhttps:\/\/forkast.news\/ethereum-merge-ugrade-successfully-ether\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:55:29","post_modified_gmt":"2023-04-10 08:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7160","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                                                              Previous 1 2 3 4 5 6 Next

                                                              Most Read

                                                              Business

                                                              CryptoCom Reveals Its $2.8B Asset Portfolio

                                                              November 12, 2022 - Updated on April 10, 2023

                                                              Artificial Intelligence

                                                              Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                                              December 19, 2024

                                                              Artificial Intelligence

                                                              Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                                              August 15, 2024

                                                              Artificial Intelligence

                                                              Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                              November 24, 2024

                                                              Artificial Intelligence

                                                              Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

                                                              December 3, 2024

                                                              Subscribe To Our Newsletter

                                                              By subscribing, you agree with our privacy and terms.

                                                              Type your email here

                                                              >

                                                              Follow The Distributed

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                                                              ADVERTISEMENT
                                                              \n