OpenSea Announces it Will Not Support Potential Ethereum Forks
Non-fungible tokens in the Ethereum PoW network will not receive support on the OpenSea marketplace in the event of a potential fork after The Merge update.
According to the company management team:
“We are committed to exceptional token support on the upgraded Proof-of-Stake chain. We are preparing the product to ensure a smooth transition. We will monitor, manage and communicate throughout the process.”
According to Cryptoslam, the volume of NFTs issued on the Ethereum blockchain is estimated at $29.6 billion.
In early August, some exchanges, including Poloniex and MEXC, launched trading tokens of potential ETHPoS (ETHS) and ETHPoW (ETHW) forks. The assets are traded as IOUs issued at a 1:1 peg to Ethereum.
Opinions regarding support for a possible PoW fork of Ethereum in the crypto community are divided. For example, crypto derivatives exchange BitMEX offered a futures based on ETHPoW.
