Because the Ethereum merge date approaches, OpenSea, the non-fungible token (NFT) market, has introduced that it’s going to deal with supporting solely these NFTs based mostly on the up to date Proof-of-Stake ( PoS) blockchain.
In an announcement on Twitter, the NFT market mentioned that whereas its staff will not be speculating about attainable forks, it clarified that if there have been forked NFTs, they’d not contemplate OpenSea because the platform will solely help the up to date chain.
The NFT market additionally confused that its staff is making ready the NFT trading platform for any points that will come up within the upcoming Ethereum merger in order that the transition interval runs easily.
Whereas the staff believes there will not be any main points, they assured the neighborhood that they are going to be monitoring, managing, and speaking with their customers all through the method. In addition they requested the builders to take a look at the merger particulars on the Ethereum website.
Along with OpenSea, Chainlink has additionally expressed its dedication to the PoS transition of the Ethereum mainnet. The staff identified that the protocol won’t help any Ethereum forks that will come after the merger. The staff additionally assured its neighborhood that it’s doing its greatest to arrange for any points that will come up through the transition.
Associated: Ethereum Merge in Hassle? Builders discover bugs forward of the scheduled replace
In a latest interview with Cointelegraph, economist Lex Sokolin emphasised that post-merger financial design modifications might have an effect on the worth of ether (ETH). The economist believes that the modifications inside the protocol may have a pure influence on the provision of ETH. Regardless of this, the economist acknowledged that nothing is definite but and that the market would be the one to resolve on token value actions.
In the meantime, the native asset for the potential ETHPoW fork, which can be powered by Ethereum’s PoW miners, is trading at $100, though it does not exist but. This got here after some exchanges began itemizing ETHW and ETHPoS (ETHS) on their trading platforms.