OpenSea does not support NFT in ETHPoW fork

OpenSea, the world’s leading NFT marketplace, officially declared support for Ethereum Merge later this month.

As such, speculative Ethereum forks following its activation, such as potential ETHPoW forks, are not supported.

  • The market confirmed its support merge and Tweet on wednesday. “We promise to only support NFTs on our upgraded Ethereum PoS chain,” it read.
  • Also note that NFTs that may be ETHPoW forks after merging will not be reflected or supported by OpenSea.
  • On top of that, the company expects a smooth transition to Proof of Stake (POS) Ethereum. “We are committed to oversight, management and communication throughout,” it said.
  • This integration reduces Ethereum’s energy consumption by more than 99% and prepares it for sharding, a scaling solution further down the protocol’s roadmap. It also allows ETH holders to stake their coins and protect the network for profit.
  • However, a group of Chinese Ethereum miners are organizing a fork of Ethereum that will retain proof of work even after September.Not yet confirmed, but BitMEX has already started Recruitment Leveraged trading on non-existent chains.
  • Organizations like OpenSea can only support assets circulating on one of their chains in order to remain functional. So far, most major companies plan to treat his POS Ethereum chain as canonical.
  • For example, the two largest stablecoin issuers Circle and tether – Already agreed to independently support the merger. This means that USDC and USDT, which are circulating on other forks, will lose their peg to the dollar.
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