The NFT trading platform OpenSea has announced that it does not intend to support Proof-of-Work (PoW) forks amid statements by many crypto companies regarding the Ethereum merger.
The OpenSea team stated that after the merger, the platform will only support NFT on the upgraded Proof-of-Stake (PoS) network, and PoW forks will not be displayed in the store interface.
“We will not speculate on potential forks. NFTs on ETHPoW that will appear as a result of the network fork will not be supported or reflected on OpenSea,” the marketplace developers warned.
OpenSea is preparing for a “smooth transition” of Ethereum to PoS, but noted that the situation will require “monitoring, management and feedback throughout the merger.” To do this, the marketplace advised all developers to conduct a thorough check of the systems.
Crypto companies are divided on their support for the Ethereum merger. Cryptocurrency exchange Coinbase recently announced that it is open to listing tokens on ETHPoW. Exchanges Gate.io, Poloniex and MEXC went further and launched trading in the token of the future Ethereum fork.
Binance has stated that it is ready to support both the main blockchain and its PoW forks. Circle, the issuer of the second largest centralized stablecoin USDC, has announced its intention to fully support the Ethereum merger. The developers of the Chainlink protocol also refused to support PoW forks.
Source: Bits
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