OpenSea Makes Statement Regarding The Merge

OpenSea became the first NFT marketplace to announce its plans for NFTs following The Merge as the team made an official statement in a recent tweet thread earlier this evening.

OpenSea leads off by saying that it is fully "committed to solely supporting NFTs on the upgraded PoS chain."

Following that opening statement, the team addressed the elephant in the room, forked NFTs on Ethereum Proof of Work. In regards to the PoW NFTs, OpenSea said it currently has no plans to support PoW NFTs on its platform.

For more on The Merge and what it means for your NFTs, check out Lucky Trader's comprehensive guide.

The statement comes to an end with OpenSea saying that it does not anticipate there being any major issues with this transition but it did acknowledge that this is uncharted waters for marketplace aggregators such as itself and that it is "committed to monitoring, managing, and communicating throughout" the entire process.

As previously mentioned, OpenSea is the first marketplace aggregator to shed light on its official plans for The Merge, at the time of writing other notable marketplaces such as LooksRare, X2Y2, and Coinbase NFT have not yet released an official statement in regards to its plans for The Merge.

Author Bio

Cameron Ciletti

Cameron Ciletti is an NFT Analyst for Lucky Trader with over four years of writing experience ranging from fantasy sports to NFTs. Cameron is very keen on CC0 NFTs as he believes free usage rights aligns with the values of what Web 3 is trying to accomplish. Cameron is also a big advocate for mental health awareness as he has Bipolar disorder and wants others to know they are not alone in their struggles with mental health. Outside of NFTs, he enjoys playing the board game Catan competitively and the video game Rocket League.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.