APENFT to support the ETH 2.0 merge & potential Hard Fork

SNEAK PEEK

  • APENFT announced on Twitter that the platform had backed the anticipated hard fork and the merging of ETH 2.0.
  • As of April 29, 2022, the exchange had 62,869 NFTs, including some of the most well-known collections including InvisibleTronFriends, Cools Cats Tron, and TronBullClub.
  • The Launchpad for the APENFT Marketplace, which was newly released last month, is meant to enhance the platform and promote acceptance and growth.

APENFT took it to Twitter to announce that the platform has supported the expected hard fork and ETH 2.0 merging. Following the likely fork, the APENFT Marketplace will support all NFT trading on the ETHPoW chain, allowing APENET to facilitate the ETH 2.0 merging.

The forthcoming merge we’re discussing can be regarded as one of Ethereum’s most significant and consequential events since its founding. This is so that Ethereum can switch from the Proof of Work to the Proof of Stake consensus process thanks to the most recent upgrade.

After the Goerli testnet has been successfully incorporated by mid-August, the merge is ready to begin.

There are a lot of expectations surrounding this merge and the same is the pressure. A decision to support the ETH merge is quite tricky but APENET decides to support the potential hard fork because of the potential it holds. 

And even though the CEO of ETH Vitalik Buterin has said nothing about this support, Buterin stated that stablecoins like USDC and USDT will determine which hard forks the industry would accept.

Moreover, the platform can implement zero transaction fees at the beginning of the market and give creators the chance to receive additional royalties on subsequent exchanges if they work together. The exchange had 62,869 NFTs as of April 29, 2022, among them some of the most well-known collections, such as InvisibleTronFriends, Cools Cats Tron, and TronBullClub.