Back to collectionThe Merge Works; the Price Falls
During the countdown, anticipation of the Merge had lifted the mood before the CPI-driven selloff unsettled it. The Ethereum Merge was completed. A change previously discussed through rehearsals and a countdown now had a real operating outcome.
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During the countdown, anticipation of the Merge had lifted the mood before the CPI-driven selloff unsettled it. A-Zhen, an engineer at the game studio, watched block production with her colleagues. The Night Watchman stayed with players in the community as they waited for the long-anticipated technical transition.
The Ethereum Merge was completed. Proof of Work gave way, energy consumption fell by 99.95%, and years of engineering culminated in an overnight switch without an incident. The whole studio watched blocks arrive. Once the chain kept running, A-Zhen remarked, “The underlying system really can be changed, if people are willing to put in the patient, unglamorous work.” ETH, meanwhile, fell instead of rising. The market called it “buy the rumor, sell the news.”
A change previously discussed through rehearsals and a countdown now had a real operating outcome. A-Zhen felt more inclined to invest patience in engineering details that could be checked. The Night Watchman also had to explain to players that a successful technical transition and a rising price were separate matters. The Merge was complete; how the market would absorb it, and what the studio could learn from it, would take longer to see.