OpenSea has declared that it would only support Ethereum’s Proof-of-Stake version once the Merge takes place. The leading non-fungible tokens (NFTs) marketplace also disclosed that the Seaport protocol now supports Polygon. OpenSea stated in a string of tweets sent late on August 31 that “first, and most critically, we are committed to only supporting NFTs on the updated PoS [Proof-of-Stake] chain.” 1/ The Merge is coming! Here’s what we’re doing to prepare… — OpenSea (@opensea) August 31, 2022 Circle and Chainlink are two companies in the cryptocurrency industry that have stated they will exclusively support the PoS version of Ethereum. According to the earlier statement, there can only be one “edition” of USDC that is a legal asset on Ethereum. Ethereum Proof-of-Stake (PoS) This month, as part of The Merge, which marks the culmination of Ethereum’s switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS), the so-called Beacon Chain and its validators will take over as the core of the blockchain network. Numerous crypto businesses will be impacted and have worked hard to prepare for the change. One of the most eagerly awaited network updates is the Ethereum Merge, predicted to occur between September 10 and 20. Crypto fans are optimistic that the final Merge will go through without a hitch because it has previously undergone numerous successful testnets. Aave and LooksRare are two Web3 systems getting ready for the Merge. Both...
North Carolina Eyes Crypto for Pension Funds
