OpenSea: the NFT platform will not support a possible fork of Ethereum (ETHW) – The ₿log

Once the infamous merger takes place, NFT marketplace OpenSea said it will only support the proof-of-stake version of Ethereum. On September 1, the company said it had decided to only support NFTs on the PoS chain, the new and improved version of Ethereum.

OpenSea plans to exclusively support #NFTs based on the Proof Of Stake version of the #Ethereum blockchain once the merger is complete. The Marketplace has stated that ETHPoW items will not be supported on OpenSea. #ProofOfStake #Marketplace #NFT

In order to guarantee a seamless transition to Proof-of-Stake, OpenSea has also prepared for this.

Circle and Chainlink have also stated that they will exclusively support the PoS version of Ethereum. According to a statement, there can only be one version of USDC that is a reliable asset on Ethereum.

It is recalled that the Merge is an upgrade that will allow the Ethereum network to completely switch to the proof-of-stake consensus mechanism, proof of stake. It should take place between September 10 and 20 according to Vitalik Buterin. co-founder of ETH.

Cryptocurrency enthusiasts expect the final merger to go off without a hitch, as it has already gone through several successful tests.

Seaport now uses Polygon

On its Seaport open-source marketplace protocol, OpenSea declared support for Polygon. Moreover, they revealed that in the next few months it will support Klayton and other EVM compatible channels.

#Seaport, the platform protocol @openseawill host the sidechain @0xPolygon. Users will be able to settle their transactions in $MATIC. According to the company, new blockchains will be added in the coming months 👇

Users will be able to experience a number of benefits from Polygon’s support. These include, among other things, the removal of listing thresholds, the activation of transactions in MATIC, the authorization of numerous creation fees, bulk transfers and auctions in English and Dutch. Bids now have a $1 minimum instead of the previous $5 minimum.

Read also Here is the online ticket office that generates NFTs for event organizers!

Seaport is a smart contract for securely and efficiently creating and executing orders for ERC 721 and ERC 1155 Ethereum assets.

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OpenSea: the NFT platform will not support a possible fork of Ethereum (ETHW) – The ₿log

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