News

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.
Yuga Labs Only Accepts NFT On ETH PoS 3

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.

Yuga Labs Only Accepts NFT On ETH PoS 4

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

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025

London, united kingdom, 22nd November 2024, Chainwire

39 minutes ago

Robinhood Exec Dan Gallagher Declines SEC Leadership Role

Robinhood Exec Dan Gallagher declined consideration to lead the SEC, affirming his commitment to Robinhood…

1 hour ago

Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?

Discover why Qubetics, Fantom, and Immutable X are the best cryptos to buy in November…

2 hours ago

Franklin Templeton Digital Assets and Sui Now Join Hands to Strengthen DeFi Strategy

Sui Foundation partners with Franklin Templeton Digital Assets to enhance DeFi solutions on the blockchain.

2 hours ago

Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges

See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a…

2 hours ago

This website uses cookies.