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Market News

OpenSea to Opt for Ethereum PoS Mechanism Post Merge

OpenSea further added that any Ethereum forks won’t be supported on the platform for making the smoothest transition possible post merge.

Written By Ritu Lavania Ritu Lavania
Published September 1, 2022 12:53 PM
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OpenSea to Opt for Ethereum PoS Mechanism Post Merge

The largest NFT marketplace, OpenSea, tweeted out saying that it will be exclusively supporting NFTs on the upgraded Ethereum PoS chain post merge

OpenSea further added that any Ethereum PoW forks won’t be supported on the platform for making the smoothest transition possible through merge.

1/ The Merge is coming! Here’s what we’re doing to prepare…

— OpenSea (@opensea) August 31, 2022

Further, the marketplace also informed that its team is preparing the NFT trading platform for any issues that may crop up with the future Ethereum Merge for a smooth transition period.

Even though the NFT marketplace team believes that there would not be any major issues, it reassured the community that they will monitor, manage and communicate with its users all throughout the entire process. OpenSea also asked developers to check out the information about the Merge on the Ethereum website.

Also read: All about the Ethereum Merge

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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