In the event of a possible fork after The Merge update, non-return tokens on the Ethereum PoW network will not receive support in the OpenSea market. This was reported by the platform administration.

2/ First and foremost, we are committed to supporting NFTs only on the upgraded Ethereum PoS chain.

— OpenSea (@opensea) 31 August 2022

“We are committed to outstanding token support on the upgraded PoS chain [Proof-of-Stake]. We prepare the product to ensure a smooth transition […] We will monitor, manage and communicate throughout the process.”says explanation.

According to Cryptoslam, the volume of NFTs issued on the Ethereum blockchain is estimated at $29.6 billion.

Earlier in August, several exchanges, including Poloniex and MEXC, released trading tokens of potential ETHPoS (ETHS) and ETHPoW (ETHW) forks. Assets are traded as IOUs issued to Ethereum with a 1:1 fixed.

Opinions are divided in the crypto community regarding support for a possible PoW Ethereum fork. For example, crypto derivatives exchange BitMEX has offered a futures based on ETHPoW. Huobi, Digifinex and OKX said they will look into listing the asset.

The Chainlink decentralized oracle network refused to support a potential fork. The Frax Finance team urged the community not to publish the FRAX algorithmic stablecoin on the PoW network.

Recall that CoinShares experts were skeptical about the prospects of the proposed fork.

Ethereum co-founder Vitalik Buterin stated that stablecoin issuers will determine the future of Ethereum’s controversial hard forks.

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