Yuga Labs, the team behind the popular NFT Bored Ape Yacht Club (BAYC) collection, has just made an announcement regarding The Merge and the Ethereum PoW fork scenario.
As The Merge is approaching, many parties have expressed their attitudes about ETH Proof-of-Work and Proof-of-Stake scenarios. This leads to division in the community. On August 18, 2022, Yuga Labs made an announcement around this issue.
As such, Yuga Labs and the NFT ecosystem around it will only accept NFT on the ETH PoS chain. As for the versions appearing on PoW hard fork chains, Yuga Labs does not accept or support it.
The Ethereum PoS backer list has finally added a new name. Before that, names like Tether, Circle, Binance, FTX or AAVE also accepted ETH PoS.
On the other hand, after receiving some initial attention, EthereumPoW (ETHW) is facing a lot of controversy because it wants to freeze user assets after The Merge. However, this is just a fork project of some Ethereum miners.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
CoinCu News
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Yuga Labs Only Accepts NFT On ETH PoS
Yuga Labs, the team behind the popular NFT Bored Ape Yacht Club (BAYC) collection, has just made an announcement regarding The Merge and the Ethereum PoW fork scenario.
As The Merge is approaching, many parties have expressed their attitudes about ETH Proof-of-Work and Proof-of-Stake scenarios. This leads to division in the community. On August 18, 2022, Yuga Labs made an announcement around this issue.
As such, Yuga Labs and the NFT ecosystem around it will only accept NFT on the ETH PoS chain. As for the versions appearing on PoW hard fork chains, Yuga Labs does not accept or support it.
The Ethereum PoS backer list has finally added a new name. Before that, names like Tether, Circle, Binance, FTX or AAVE also accepted ETH PoS.
On the other hand, after receiving some initial attention, EthereumPoW (ETHW) is facing a lot of controversy because it wants to freeze user assets after The Merge. However, this is just a fork project of some Ethereum miners.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
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