The largest marketplace of non-interchangeable tokens has revealed its position regarding the upcoming “Merger” , the OpenSea marketplace will only support NFT based on the Ethereum blockchain version based on the Proof-of-Stake algorithm, after the network update.
“Firstly, and this is the most important thing, we strive to support exclusively NFT in the updated PoS blockchain,” the company’s announcement says.
To date, NFTs on the Ethereum blockchain have been sold on the platform in the amount of $31 billion, according to The Block.
The transition of Ethereum to the Proof-of-Stake protocol may take place as early as September 10, according to the new roadmap of the project.
The “merger” will consist of two stages.
The first will be an update called Bellatrix on September 6. If it is successful, the Paris update will be launched when the system reaches the required TTD — Terminal Total Difficulty indicator (cumulative network complexity up to the requested block).