Because the date for the Ethereum Merge approaches, nonfungible token (NFT) market OpenSea has introduced that it’ll give attention to supporting solely the NFTs which might be on the upgraded proof-of-stake (PoS) blockchain.
In an announcement on Twitter, the NFT market stated that whereas their group isn’t speculating on any potential forks, it clarified that if there are forked NFTs, they won’t replicate on OpenSea because the platform will solely help the upgraded chain.
The NFT market additionally highlighted that its group is making ready the NFT buying and selling platform for any points which will come up with the upcoming Ethereum Merge in order that the transition interval will probably be easy.
Whereas the group believes that there won’t be any main points, it assured the neighborhood that they are going to be monitoring, managing and speaking with its customers all all through the whole course of. In addition they requested builders to take a look at the small print in regards to the Merge on the Ethereum web site.
Aside from OpenSea, Chainlink additionally expressed its commitment to the PoS transition of the Ethereum mainnet. The group identified that the protocol won’t be supporting any Ethereum forks which will come after the Merge. The group additionally assured its neighborhood that it’s doing its greatest to arrange for any points which will come through the transition.
In a latest Cointelegraph interview, economist Lex Sokolin highlighted that the financial design modifications put up Merge might have an effect on Ether (ETH) worth. The economist believes that the modifications throughout the protocol have natural implications on the supply of ETH. Regardless of this, the economist acknowledged that nothing is for certain but and that the market would be the one to resolve any actions within the token’s worth.
In the meantime, the native asset for the potential ETHPoW fork which will probably be backed by Ethereum’s PoW miners is trading at $100 despite not but current. This occurred after some exchanges began to record ETHW and ETHS (PoS) on their buying and selling platforms.