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World’s Biggest NFT Marketplace Will Only Support Ethereum Proof of Stake After Merge
The largest market in the world that sells non-fungible tokens (NFTs) claims only to support digital collectibles that are
Based on the proof-of-stake (PoS) variant of Ethereum (ETH) after it is confirmed that the Merge update is completed.
OpenSea is known as the "eBay" for crypto-collectibles that has more than 80 million NFT options and $31.3 billion in
trading volumes to date.
It has stated that tokens built on forked versions of the most major smart contract platform are not accessible on the NFT platform.
"First and foremost, we're committed to only supporting NFTs on the updated Ethereum PoS chain.
We won't speculate about possible forks; to the extent that forked NFTs on ETHPoW exist, they wi
ll not be supported or reflected OpenSea."
OpenSea declares that it's working on the necessary preparations for Ethereum 2.0.
"Beyond our commitment to support the new PoS chain, we've been working on upgradi
ng the OpenSea software to make sure there is a smooth transition.
Although we don't expect major problems, we acknowledge this is the first time!
Therefore, we're committed to monitoring the situation, directing, and communicating throughout."
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