OpenSea to exclusively support Ethereum PoS NFTs following Merge

OpenSea, the world’s largest non-fungible token (NFT) marketplace, has announced that once the merge is complete, it will only support NFTs based on the proof-of-stake version of the Ethereum blockchain.

In a tweet, OpenSea said it will drop support for ETHPoW items after the merge. The company said:

“We don’t speculate about potential forks, but as long as there are NFTs forked in ETHPoW, they are neither supported nor reflected in OpenSea.”

In addition to supporting the Ethereum PoS chain, OpenSea said it is developing OpenSea products to facilitate a smooth transition. The company also made a commitment to monitor, manage, and communicate with developers throughout the Merge upgrade.

The Ethereum merge is expected to happen between September 10th and September 20th, with the most likely date being September 15th.

Two important upgrades also need to be done before the merge can take place.Initially Bellatrix upgradewhich activates the beacon chain merge, followed by the Paris upgrade, removing the reliance on proof-of-work mining.

Other companies that have promised to support only the PoS version of Ethereum, chain link, CircleWhen tether.

Seaport now supports Polygons

On August 30th, OpenSea also announced We plan to bring the Polygon blockchain to the open source web3 marketplace protocol Seaport.

The marketplace also revealed that it will add support for Klaytn and other EVM compatible chains in the coming months.

Previously, Polygon worked using OpenSea’s 0x protocol. However, switching to Seaport offers users a more stable trading infrastructure. The move will allow OpenSea to launch new features more quickly across all his EVM-compatible chains.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button