Opensea Only Supports NFT On Upgraded Ethereum PoS Chain
OpenSea, the largest non-fungible token (NFT) marketplace, plans to exclusively support NFT based on a proof-of-stake version of the Ethereum blockchain once the Consolidation is complete.
In its most recent series of tweets, Opensea announced plans to only support NFT on the proof-of-stake Ethereum blockchain.
This month, as part of The Merge, which marks the culmination of Ethereum’s shift from proof-of-work to proof-of-stake, the so-called Beacon Chain and its validators will form the core of the blockchain network. Numerous different crypto businesses will be impacted, and they have been working hard to get ready for the change.
OpenSea admitted that the unusual circumstance will necessitate “monitoring, managing, and communicating throughout” but said that it has been planning to deliver “a smooth transition“.
“While we won’t speculate on potential forks – to the extent forked NFTs on ETHPoW exist — they won’t be supported or reflected on OpenSea.”
In the tweets said
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Opensea Only Supports NFT On Upgraded Ethereum PoS Chain
OpenSea, the largest non-fungible token (NFT) marketplace, plans to exclusively support NFT based on a proof-of-stake version of the Ethereum blockchain once the Consolidation is complete.
In its most recent series of tweets, Opensea announced plans to only support NFT on the proof-of-stake Ethereum blockchain.
This month, as part of The Merge, which marks the culmination of Ethereum’s shift from proof-of-work to proof-of-stake, the so-called Beacon Chain and its validators will form the core of the blockchain network. Numerous different crypto businesses will be impacted, and they have been working hard to get ready for the change.
OpenSea admitted that the unusual circumstance will necessitate “monitoring, managing, and communicating throughout” but said that it has been planning to deliver “a smooth transition“.
“While we won’t speculate on potential forks – to the extent forked NFTs on ETHPoW exist — they won’t be supported or reflected on OpenSea.”
In the tweets said
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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