The ETH Merge Did Little to Energize a Tepid NFT Market

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Many thought Ethereum's transition from proof-of-work to proof-of-stake would help reinvigorate the NFT market. But data shows little movement despite major improvements to the blockchain’s energy use, speed and scalability. elitanjourno reports

out of concern for the environmental impact of the technology, despite the fact that the company had emphasized that it would not support proof-of-work blockchains.

But post-merge, there have not been any meaningful conversations about how NFTs on Ethereum are nowIn addition, concerns about forked NFTs – a worry that NFTs would be duplicated and have one version on the main, new proof-of-stake blockchain as well as a version on the forked

 

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elitanjourno I don’t think The Merge solves scalability issue of Ethereum.

elitanjourno Hopefully it’s because more people understand proof of stake is even more evidence that Etherium is digital fiat

elitanjourno Its still very good for the future of ETH. There are couple more updates before ETH2.0 during this time projects contributing with Ethereum will grow rapidly . iExec $RLC

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