Among the use-cases of blockchain technology is the blockchain wedding. Crypto enthusiasts now use the virtual ledger to legalize their love story.
A California couple—Rebecca Rose and Peter Kacherginsky—recently got married on the Ethereum blockchain for $587 in transaction fees. The couple, who are employees of the leading U.S.-based crypto exchange, Coinbase, used tokenized rings to immortalize their marriage on the Ethereum blockchain.
On April 3, Rose (the bride) posted on Twitter, announcing that they had tied the knot on March 14 in both the physical and virtual worlds (using the Ethereum blockchain to become lawfully wedded).
NB: Tabaat is the Hebrew word for a ring.
Kacherginsky created the 2,218 line-long smart contracts on March 10, with the contract costing 0.25 ETH to create — worth about $450 at the time. Shortly after the contract was created, three more transactions were sent from Tabaat for an additional cost of 0.0048 ETH or $87 — suggesting it costs around $537 to tokenize a marriage contract.
The blockchain wedding ceremony
The blockchain wedding ceremony consisted of two significant transactions — the transfer of the NFT ‘rings’ from the contract to Rose and Kacherginsky. In all, the ceremony took 4 minutes to be validated by the Ethereum network and incurred $50 in miner fees. But the average physical wedding in the United States costs roughly $25,000. This further explains the benefits of blockchain technology (transparency and affordability) and the need for increased adoption.
The NFTs depict an animation of two circles merging to become one and were illustrated by artist Carl Johan Hasselrot.
Rose added on Twitter:
“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 be more romantic than that.”
However, this is not the first blockchain wedding. DLT was first used to tie the knot back in October 2014. The wedding saw David Mondrus and Joyce Bayo formalize their matrimony by scanning a QR code during a ceremony held during a private Bitcoin conference at Disney World in Orlando, Florida.