OpenSea Says It Will Only Support Ethereum PoW NFTs On Its Network

OpenSea has tweeted its support for the upcoming Ethereum merge.
The marketplace clarified that it will not be supporting any ETH forks born out of the transition

NFT marketplace platform OpenSea tweeted a comprehensive array of tweets on August 31 concerning the upcoming Ethereum merge. The platform asserted that it will only be supporting Ethereum proof of stake NFTs after the merge.

Opensea Gears Up For The Upcoming Ethereum Merge.

On August 31, the NFT platform OpenSea took to Twitter to share a detailed thread on how it’s gearing up to welcome the upcoming Ethereum merge. The platform further tweeted that once Ethereum shifts to the PoS consensus, the platform will solely be committed to supporting “NFTs on the upgraded Ethereum sidechain. “

2/ First, and most importantly, we are committed to solely supporting NFTs on the upgraded Ethereum PoS chain.

— OpenSea (@opensea) August 31, 2022

The marketplace also announced that while the platform is not speculating on any potential forks, it later clarified that the platform will not be supporting or reflecting any potential forked NFTs born out of the said transition.

3/ While we won’t speculate on potential forks–to the extent forked NFTs on ETHPoW exist–they won’t be supported or reflected on OpenSea.

— OpenSea (@opensea) August 31, 2022

OpenSea further tweeted that the platform is committed to supporting Ethereum’s transition to the proof of stake network, and is gearing up to ensure that the upcoming merge/transition goes ahead without encountering any issues.

The OpenSea team further said that while the marketplace does not anticipate any issues, it will still be monitoring, managing, and communicating throughout to ensure it’s part in the upcoming Ethereum merge.

While we don’t anticipate major issues, we also acknowledge this is a first! So we’re committed to monitoring, managing, and communicating throughout. If you’re a developer and have questions about how this impacts you, we recommend checking out https://t.co/8CPgO2O6uo

— OpenSea (@opensea) August 31, 2022

Apart from OpenSea, the ChainLink protocol had also pledged its allegiance to the upcoming Ethereum merge. The platform declared that it will continue to support operations on Ethereum after the merge, however, it further declared that the protocol will not lend its support to the Ethereum PoW forks.

Ethereum’s transition to the proof-of-stake network is one of the highly anticipated events of the year which marks the blockchain’s shift from its earlier PoW consensus to PoS. The transition will significantly help Ethereum slash its energy consumption by half, making the network more sustainable for the users to mint and trade NFTs.

This article was originally published by Ethereumworldnews.com. Read the original article here.