OpenSea announces it will switch to Ethereum’s proof-of-stake after merge

OpenSea, the world’s largest non-fungible tokens (NFTs) marketplace, announced it volition perpetrate to exclusively enactment NFTs based connected the proof-of-stake mentation of the Ethereum blockchain erstwhile the Merge is complete.

3/ While we won’t speculate connected imaginable forks–to the grade forked NFTs connected ETHPoW exist–they won’t beryllium supported oregon reflected connected OpenSea.

— OpenSea (@opensea) August 31, 2022

In the tweets, OpenSea besides stated that it volition cease enactment for ETHPoW items pursuing the Merge. The institution said:

“While we won’t speculate connected imaginable forks — to the grade forked NFTs connected ETHPoW beryllium — they won’t beryllium supported oregon reflected connected OpenSea.”

In summation to supporting the Ethereum PoS chain, OpenSea said that they person been processing an OpenSea merchandise to facilitate a creaseless transition. The institution further stated its committedness to monitor, negociate and pass with developers passim the Merge upgrade.

The Ethereum Merge is expected to hap betwixt Sept. 10 and Sept. 20, with the astir apt time expected to beryllium Sept. 15.

Two important upgrades indispensable besides instrumentality spot earlier the merge happens. First is the Bellatrix upgrade, which activates the merge connected the Beacon Chain, followed by the Paris upgrade, which removes immoderate dependency connected proof-of-work mining.

Other companies that committed to solely supporting the PoS mentation of Ethereum see Chainlink, Circle, and Tether.

Seaport present supports Polygon

On Aug. 30, OpenSea besides announced that it volition present the Polygon blockchain to its open-source, web3 marketplace protocol Seaport.

The marketplace besides revealed that it volition beryllium adding enactment for Klaytn and different EVM-compatible chains successful the coming months.

Previously, Polygon was powered utilizing the 0x protocol connected OpenSea. However, a power to Seaport volition supply users with a much unchangeable trading infrastructure. The determination volition besides let OpenSea to motorboat caller features crossed each EVM-compatible chains faster.

The station OpenSea announces it volition power to Ethereum’s proof-of-stake aft merge appeared archetypal connected CryptoSlate.