As the date of the Ethereum merger approaches, the market for non-fungible tokens (NFT) OpenSea has announced that it will focus on supporting only NFTs that are on the Proof-of-Stake (PoS) blockchain..
In an announcement on Twitter, the NFT market said that although its team is not speculating on any potential forks as it clarified that if there are forked NFTs they will not be reflected in OpenSea as the platform will only support the updated chain.
The NFT market also highlighted that its team is preparing the NFT trading platform for any issues that may arise from the Ethereum merger.so that the transition period is smooth.
Although the team believes there won’t be any major issues, they assured the community that they will be monitoring, managing, and communicating with their users throughout the process.. They have also asked the developers to check the details about the merger on the Ethereum website.
In addition to OpenSea, Chainlink also expressed its commitment to transitioning the Ethereum mainnet to PoS. The team noted that the protocol will not support any Ethereum forks that may arise after the merger.. The team also assured its community that it is doing everything it can to prepare for any issues that may come along during the transition.
In a recent Cointelegraph interview, Economist Lex Sokolin highlighted that post-merger economic design changes may affect the price of Ether (ETH). The economist believes that the changes within the protocol have natural implications in the supply of ETH. Despite this, the economist acknowledged that nothing is certain yet and that it will be the market that decides any movement in the price of the token.
For its part, native asset of possible ETHPoW fork that could be backed by Ethereum PoW miners is trading at $100 despite not existing yet. This happened after some exchanges started listing ETHW and ETHPoS (ETHS) on their trading platforms.
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