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Yuga Labs announced that once the integration for Ethereum is complete, Yuga will only recognize NFTs in PoS and any future utilities or relevance. License Only eligible in this chain.

The Ethereum network is getting ready to merge in mid-September. In line with the wider Ethereum community, in the event of a viable PoW fork, Yuga only intends to recognize NFTs on the PoS ETH chain as subject to the relevant NFT license and eligible for Yuga-offered utility.

The Ethereum network is getting ready to merge in mid-September. In line with the wider Ethereum community, in the event of a viable PoW fork, Yuga only intends to recognize NFTs on the PoS ETH chain as subject to the relevant NFT license and eligible for Yuga-offered utility.

— Yuga Labs (@yugalabs) August 17, 2022

Ethereum Merge

• Soon, the existing Ethereum mainnet beacon chain will be integrated with the proof-of-stake system.
• This will mark the end of proof-of-work for Ethereum and the complete transition to proof-of-stake.
• This sets the stage for future scaling upgrades including sharding.
• Consolidation will reduce Ethereum’s energy consumption by ~99.95%.

About Yuga Labs

Yuga Labs is a blockchain technology company that develops NFTs and digital collectibles. It specializes in blockchain, cryptocurrency and digital media. Yuga Labs was founded in 2021 by Wylie Aronow and Greg Solano and is headquartered in Miami, Florida.

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