In its most recent series of tweets, Opensea announced plans to only support NFT on the proof-of-stake Ethereum blockchain.
This month, as part of The Merge, which marks the culmination of Ethereum’s shift from proof-of-work to proof-of-stake, the so-called Beacon Chain and its validators will form the core of the blockchain network. Numerous different crypto businesses will be impacted, and they have been working hard to get ready for the change.
OpenSea admitted that the unusual circumstance will necessitate “monitoring, managing, and communicating throughout” but said that it has been planning to deliver “a smooth transition“.
“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.”
In the tweets said
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
Foxy
CoinCu News
Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
This website uses cookies.