thecoinrepublic.com
- OpenSea expands its stance over the types if NFTs that will be supported by following upcoming ETH merge,
- Also, the firm will not support or reflect, ETHPoW items.
As ‘The Merge’ is the final stage of ETH transition from proof-of-work to proof-of-stake. This month, Beacon Chain and its validators will become the foundation of the blockchain network. Hence, massive crypto firms got affected and engaged in the preparation for ETH transition.
OpenSea Prepare For ‘The Merge’
The world’s first and largest web3 marketplace for NFTs and crypto, OpenSea shared in its Twitter account about its preparation as the Merge is coming. On September 1, 2022 OpenSea tweeted in a series that, “The Merge is coming! Here’s what we’re doing to prepare…”
1/ The Merge is coming! Here’s what we’re doing to prepare…
— OpenSea (@opensea) August 31, 2022
OpenSea firstly added that, “First, and most importantly, we are committed to solely supporting NFTs on the upgraded Ethereum PoS chain. 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.”
The web3 marketplace further added, “Beyond our commitment to supporting the upgraded PoS chain, we’ve been preparing the OpenSea product to ensure a smooth transition.”
Additionally, the marketplace also stated that it does not anticipate major issues but acknowledges that this is the first! So it commits to monitor, manage, and communicate throughout. It also recommends checking out the impact of ‘The Merge’ if any developer has the question regarding it.
Top Ten Blockchains by NFT Sales Volume
Here is the chart that shows NFT sales volume. According to the data collected by CryptoSlam, around $30 billion ETH-linked NFTs noted its sales volume. While the NFT sales volume by other blockchains can be noted from the below chart.
