Advertising revenue keep this site going. We do not actively endorse ads served to us.
DYOR. Please use your due diligence while on this site.
We also do not get information from our visitors.

OpenSea Says It Will Only Support Ethereum PoW NFTs On Its Network

cryptocurrency September 1, 2022
[ CHECK THE LATEST PRICE ANALYSIS HERE ]

OpenSea Says It Will Only Support Ethereum PoW NFTs On Its Network 2

Advertisements
  • OpenSea has tweeted its support for the upcoming Ethereum merge. 
  • The marketplace clarified that it will not be supporting any ETH forks born out of the transition

NFT marketplace platform OpenSea tweeted a comprehensive array of tweets on August 31 concerning the upcoming Ethereum merge. The platform asserted that it will only be supporting Ethereum proof of stake NFTs after the merge. 

Opensea Gears Up For The Upcoming Ethereum Merge. 

On August 31, the NFT platform OpenSea took to Twitter to share a detailed thread on how it’s gearing up to welcome the upcoming Ethereum merge. The platform further tweeted that once Ethereum shifts to the PoS consensus, the platform will solely be committed to supporting “NFTs on the upgraded Ethereum sidechain. “

The marketplace also announced that while the platform is not speculating on any potential forks, it later clarified that the platform will not be supporting or reflecting any potential forked NFTs born out of the said transition. 

Advertisements

OpenSea further tweeted that the platform is committed to supporting Ethereum’s transition to the proof of stake network, and is gearing up to ensure that the upcoming merge/transition goes ahead without encountering any issues. 

The OpenSea team further said that while the marketplace does not anticipate any issues, it will still be monitoring, managing, and communicating throughout to ensure it’s part in the upcoming Ethereum merge. 

Apart from OpenSea, the ChainLink protocol had also pledged its allegiance to the upcoming Ethereum merge. The platform declared that it will continue to support operations on Ethereum after the merge, however, it further declared that the protocol will not lend its support to the Ethereum PoW forks. 

Ethereum’s transition to the proof-of-stake network is one of the highly anticipated events of the year which marks the blockchain’s shift from its earlier PoW consensus to PoS. The transition will significantly help Ethereum slash its energy consumption by half, making the network more sustainable for the users to mint and trade NFTs.

Related posts:

Ethereum’s (ETH) Network Has Grown By 13.2% in Less Than 2 Wks
Ethereum’s Merge Successfully Activated on Sepolia Testnet, Goerli Scheduled Next, Then Finally on M...
Ethereum’s Shanghai Upgrade Will Play A Crucial Role In Determining ETH’s Price
Uniswap (UNI) Added to the Bitwise 10 Large Cap Crypto Index

Recent Posts

Categories

Disclaimer

Ethereum Watch does not make any guarantee or other promise as to any results that may be obtained from using our content. To the maximum extent permitted by law, Ethereum Watch disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence.