Feb 24, 2023
Blur Overtakes OpenSea as Largest NFT Trading Platform
The world of nonfungible tokens (NFTs) has been revolutionized by the emergence of the Blur marketplace. In December 2022, Blur overtook OpenSea as the largest NFT trading platform by trading volume, a feat that has been compared to the progression of the general token market.
The platform was created to provide a space for experienced traders, as opposed to platforms that prioritize an easy-to-use interface for inexperienced users. According to Pacman, the founder and core contributor of Blur, this focus has made the marketplace the go-to destination for “the highest growing segment” in the NFT space.
To give the community direct access and ownership of the platform, Blur launched a token through an airdrop. Pacman stated that this was an exciting development in the Web3 space, as it is a way to bridge the gap between platforms and end-users.
Another hot topic in the NFT space is creator royalties. OpenSea and Blur have adopted different systems in order to ensure creators receive their fair share of the profits. Blur has asked creators to block OpenSea for the time being, in order to increase the chance of earning royalties. Pacman believes that this is a short-term solution, and that a more unified approach will be adopted in the future.
The episode of Hashing It Out also touched on topics such as NFT liquidity, Blur token and tokenomics, and economic models of NFT marketplaces. Listeners can find the episode on Spotify, Apple Podcasts, Google Podcasts or TuneIn, or check out Cointelegraph’s catalog of shows on the new Cointelegraph podcasts page.
As the NFT market continues to expand, Blur is poised to become the go-to platform for the most dedicated NFT enthusiasts. The platform’s focus on providing a professional trading experience, along with its token airdrop and commitment to ensuring creators receive their royalties, make Blur a top choice for those looking to enter the NFT space.
NFTs are becoming increasingly popular, and Blur is leading the charge in the NFT marketing industry. As a web3 agency, Blur offers a range of services to help promote and sell NFTs, from social media campaigns on Twitter to creating custom NFT marketing strategies. By utilizing the latest technologies and trends, Blur is able to provide an effective way to market and sell NFTs.
The success of Blur is a testament to the potential of the NFT market. With the right tools and strategies, anyone can enter the NFT space and make a success of it. It’s clear that Blur is leading the way in NFT promotion, and it’s only a matter of time before other platforms and agencies follow suit.
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