OpenSea Announces It Won’t Support Forked NFTs Post-Merge
OpenSea, the leading NFT marketplace, has announced its opposition to any forks as Ethereum moves closer to its much-awaited merging event.
OpenSea yesterday announced on Twitter that it will only allow nonfungible tokens (NFTs) on Ethereum's upgraded proof-of-stake (PoS) chain. OpenSea stated that any Ethereum forks, a technical term for when a blockchain network splits, will not be supported on OpenSea to ensure the smoothest transition possible post-merge.
In order to ensure a smooth transition during the next Ethereum Merge, the NFT marketplace also stated that its staff is preparing the NFT trading platform for any issues that may occur.
Although the team is certain that there won't be any significant problems, it reassured the community that it would monitor, manage, and keep in touch with its users during the entire process. Additionally, they urged developers to review the Merge's specifics on the Ethereum website.
Ethereum's biggest upgrade to date, the merge event, is planned to take place somewhere between September 10 and September 16. Ethereum will transition from a proof-of-work (PoW) consensus mechanism to a PoS-based algorithm.
In addition to OpenSea, Chainlink has expressed its support for the Ethereum mainnet's transition to PoS. The protocol will not support any Ethereum forks that could occur after the Merge, the developers noted. The team gave its community the reassurance that it is making every effort to be ready for any problems that could arise during the merge.
Although OpenSea and Chainlink have announced that they won't allow any forked versions of Ethereum, other platforms have adopted a very different approach. Crypto trading platform Bitfinex, for instance, stated that it would provide traders choices if the merge led to a fork. On Bitfinex, two Ethereum Chain Split tokens will be introduced—ETHW, an Ether token supporting PoW, and ETHS, the PoS version.