Put simply, the Ethereum merge is an upgrade to the Ethereum network. It effectively transitions Ethereum from Proof-of-Work to Proof-of-Stake. This upgrade is scheduled to happen on or around the 15th of September 2022.
The most important benefit to this upgrade is that the energy consumption needed to power Ethereum will reduce dramatically. This is a very exciting change!
If you are looking for a primer, we recommend Ethereum.org’s article on the Merge as essential reading.
Do I need to do anything to upgrade my NFTs or my ETH to the new proof-of-stake chain?
No. All of your NFTs and your funds will remain unaffected in your wallet. Foundation will not ask you to update, download, or otherwise change any settings for your Foundation profile due to the Ethereum Merge. Please be wary of any unsolicited messages that you may receive during this time. Follow our playbook, double check email addresses, and enjoy the upgrade!
None of your Foundation interactions, nor your NFTs, will be affected by the merge.
If you have questions, give us a shout.