Opensea to support Ethereum’s PoS after merge
Join Our Telegram channel to stay up to date on breaking news coverage Global NFT marketplace, OpenSea, has maintained that it would only back the proof-of-stake (PoS) sphere of Ethereum after the Merge. According to the announcement, OpenSea is open to providing support for only NFTs on the upgraded Ethereum PoS chain. The NFT marketplace says it is accelerating efforts to smoothen its imminent transition into PoS. With this development, OpenSea joins the growing list of institutional actors backing the imminent Ethereum merge. Circle and Chainlink have, in recent times, expressed their support for the PoS transition. According to Circle, “USDC as an Ethereum asset can only exist as a single valid version.” More so, several Web3 firms are also anticipating the Ethereum merge. Firms like Aave and LooksRare have also made temporary changes in preparation for the upgrade. What you need to know about the merge The merge is one of the most anticipated upgrades for Eth...