The Ethereum Merge is an event that will shift Ethereum from a Proof-of-Work mechanism to Proof-of-Stake. Simply put, this will drastically reduce the amount of energy consumed by Ethereum, greatly improving the chain’s sustainability in the long term.
As an owner of NFTs on Ethereum, there really isn’t much to worry about come the Merge, though. Popular marketplaces and wallets will still recognize what assets you own, and you’ll be able to continue interacting with the Ethereum NFT ecosystem as you normally would.
The one area of concern when it comes to ETH NFTs is in regard to “forked chains”. As we’ve previously discussed, there is a small faction of Ethereum users (primarily miners) who will look to split off from the main Ethereum chain post-merge, keeping their own version of the chain on Proof-of-Work. While major marketplaces like OpenSea and prominent brands like Yugalabs have publicly stated they will not support the duplicate versions of NFTs that exist on these chains.
Ethereum Merge
