The ETHPoW native asset, which may be backed by Ethereum’s PoW miners, is currently trading at $100, even though it doesn’t yet exist. Some exchanges have listed ETHW and ETHPoS (ETHS) on their platforms as a result.
OpenSea has declared that it will concentrate solely on nonfungible token (NFT) post-Ethereum Merge, provided that NFTs are on the upgraded proof-of-stake (PoS) blockchain.
OpenSea’s team has not speculated on any potential forking events, as it declared in a Twitter post that, if any such events occurred, they would not reflect on OpenSea as the platform would only back the upgraded chain.
The NFT trading platform was also prepared for any issues that may arise during the Ethereum Merge so that the transition period would be smooth.
The team believes there will not be any major issues, but they want to keep their users informed, managed, and communicating throughout the entire process. They also want developers to study the Ethereum website for Merge details.
Chainlink has committed to supporting the PoS switch of the Ethereum mainnet aside from OpenSea. Chainlink mentioned that the protocol will not back any Ethereum forks that might happen after the Merge. The team also guaranteed its followers that it was doing everything in its power to prepare for any problems that might arise during the transition.
Is the Ethereum fork facing issues? Developers discover problems prior to the planned update
According to economist Lex Sokolin, the ETH price might be affected by economic design changes post-Merge in a recent Cointelegraph interview. Because of protocol changes, the economist believes that the supply of ETH will be altered. Despite this, the economist recognises that nothing is certain yet, and that the market will decide whether the token’s price moves.
At the moment, the ETHPoW token is valued at $100 even though it does not yet exist. Some exchanges have listed ETHW and ETHPoS (ETHS) on their exchanges as a result of this.