OpenSea refused to support PoW-Ethereum after network upgrade

Posted 01 September, 2022

The OpenSea marketplace will only support NFTs based on the Proof-of-Stake version of the Ethereum blockchain after the network upgrade.

“First, and most importantly, we are committed to exclusively supporting NFTs on the upgraded PoS blockchain,” the company said in a statement.

To date, $31 billion worth of NFTs on the Ethereum blockchain have been sold on the platform, 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 project roadmap. The "merger" will consist of two stages. The first will be an update called Bellatrix on September 6th. If it is successful, the Paris update will be launched when the system reaches the required TTD indicator - Terminal Total Difficulty (cumulative network complexity up to the requested block).

Previous story

01 September, 2022 11:20

← The President of Paraguay blocked the bill on preferences for miners

According to the head of state, high electricity consumption in the production of digital currencies may hinder the development of the national industry.

The President of Paraguay blocked the bill on preferences for miners

Next story

31 August, 2022 11:08

New suspension of Russian gas deliveries, Europeans on alert →

Three days without Russian gas: Europeans are again on alert after an interruption in deliveries via the Nord Stream gas pipeline on Wednesday for maintenance work amid soaring energy prices.

 

New suspension of Russian gas deliveries, Europeans on alert
Write a comment
 
Prove you’re not a bot + 17 = 30