{"id":23302,"date":"2022-09-02T11:12:25","date_gmt":"2022-09-02T05:42:25","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=23302"},"modified":"2024-03-26T17:02:18","modified_gmt":"2024-03-26T11:32:18","slug":"opensea-to-back-pos-nfts-post-merge","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/crypto\/opensea-to-back-pos-nfts-post-merge\/","title":{"rendered":"OpenSea to back only PoS NFTs post-Ethereum merge"},"content":{"rendered":"<p>NFT behemoth OpenSea has openly come out in support of the Ethereum PoS chain. OpenSea would only support NFTs listed on the PoS or the high-traffic chain after Ethereum transitions into the Proof-of-Stake (PoS) protocol post-merge.<\/p>\n<p>OpenSea\u2019s stand against other (speculative) Ethereum forks is a shot in the arm for Vitalik Buterin-backed Ethereum 2.0 at a time when NFTs existing on multiple chains remain a cause for concern.<\/p>\n<p>For the unversed, OpenSea\u2014 launched in 2017\u2014 is currently the largest Ethereum-native NFT marketplace. After the merge, NFTs would automatically exist on any other forked chain\u2014 including the most talked about ETHPoW chain. However, none of those NFTs will reflect on the OpenSea marketplace, as per the following tweet thread:<\/p>\n<p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">2\/ First, and most importantly, we are committed to solely supporting NFTs on the upgraded Ethereum PoS chain.<\/p>&mdash; OpenSea (@opensea) <a href=\"https:\/\/twitter.com\/opensea\/status\/1565116435348590593?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">August 31, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u00a0<\/p>\n<h2>Is OpenSea the sole backer of ETH PoS?<\/h2>\n<p>However, OpenSea is not alone in its only-PoS stance. Circle\u2014 the face behind the USDC stablecoin\u2014 has also thrown its weight behind the Ethereum PoS.<\/p>\n<p>The merge, expected to happen anytime between 15-20 September, will be a watershed event in Ethereum\u2019s history. However, this might trigger a chain split of sorts, with ETHPoW waiting in the wings to get noticed by global exchanges. Yet, the apathy of stalwarts like OpenSea and Circle shows that the road isn\u2019t going to be easy for any upcoming forked (split) chain.<\/p>\n\n\n<h2 class=\"wp-block-heading\">FAQs<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1711452320798\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How will the Ethereum merge affect NFTs?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The Ethereum merge is expected to improve scalability and reduce transaction fees, potentially benefiting NFT transactions by making them faster and cheaper.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1711452331613\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Does OpenSea support arbitrum?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>OpenSea does not currently support Arbitrum but may consider adding support.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1711452332915\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Does OpenSea only use Ethereum?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>OpenSea primarily operates on Ethereum but may explore other blockchains in the future.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1711452334310\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Does OpenSea support sepolia?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>OpenSea does not currently support Sepolia, but it may evaluate adding support based on demand and adoption.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>NFT behemoth OpenSea has openly come out in support of the Ethereum PoS chain. OpenSea would only support NFTs listed on the PoS or the high-traffic chain after Ethereum transitions into the Proof-of-Stake (PoS) protocol post-merge. OpenSea\u2019s stand against other (speculative) Ethereum forks is a shot in the arm for Vitalik Buterin-backed Ethereum 2.0 at [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":23303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[460,6530],"tags":[6467,6536],"class_list":["post-23302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news-2","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-07-22T13:28:55+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Praniket Nayka\",\"description\":\"\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/praniket\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4b22173b861c31fe922bbaf46c336561?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"Beginner","post_author":false,"guest_author":false,"hide_toc":true,"key_takeways":false,"select_disclaimer":"Article Default Disclaimer"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/23302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=23302"}],"version-history":[{"count":3,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/23302\/revisions"}],"predecessor-version":[{"id":39858,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/23302\/revisions\/39858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/23303"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=23302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=23302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=23302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}