The apparent workaround allows the zero-fee marketplace to list collections that have previously been blocklisted by OpenSea, following months of debates around enforcing creator royalties.
The market share battle over the founders and collectors of irreplaceable tokens (NFT) has already escalated to a new level.
According to speculation on Twitter, the zero-cost service platform Blur has found a loophole that can bypass the personal collections listed by the leading service platform OpenSea-adding to the competition between the two markets.
On Monday, Twitter user Panda Jackson posted a tweet sharing small details of the so-called vulnerability, explaining that Blur had created a new market on Seaport, an agreement announced by OpenSea in May 2022. OpenSea and other markets, including part of the NFT service platform Tessera and ApeCoin, are based on the Seaport agreement.
Panda easy to close Qianxi clearly pointed out that because Blur is not included in the initial credit blacklist according to the market role of the port, it can list personal collections with mandatory royalty deductions on the market.
After the royalty debate in November, OpenSea made its point to creators and set up a royalty inspection tool to prevent creators from selling their personal collections in markets that don't pay attention to creator royalties-including Blur, which has been trading close to OpenSea.
With loopholes at this stage, Blur will be able to bypass OpenSea's credit blacklist standard. This means that collectibles that were previously not available on Blur's royalty option market can now list such NFT, which could endanger OpenSea's market share in overall trading volume.
Evidence of this vulnerability can be seen in the Blur market. In early January, for example, NFT Goliyuga Lab gave the long-awaited sewer access card mint free and included the code in the collection intelligence contract to prevent tokens from being sold in markets where founder royalties were ignored.
According to Blur, customers can now buy sewer access cards on the market. It is worth noting that the NFT of the sewer pass is marked with an "approval" logo, which means that Blur will levy full royalties on the collection.
Although Blur has always been an optional model specification for royalties, its new features break through the structure of the site that attracts many users. Panda Yi closed Qianxi told WJB that he hoped the loophole would be a mutually beneficial situation for both creators and collectors.
"because creators can forcibly deduct royalties in one of the two largest markets, creators' income may increase, which may lead to more creators adding this space," said panda Yi Qianxi. " "every participant will also benefit from it."
NFT concession or revenue?
Fur made its debut in October 2022 and became famous for facing the free market for technologically professional NFT traders. Within a few days of going public, its trading volume reached about 1160 ETH, or more than $1.8 million. It far surpassed the market of competitors such as Sudoswap and LooksRare, and broke through the leader of OpenSea.
However, at a time when royalty negotiations are booming, the opportunity for the launch of Blur has caused confusion among creators in the industry. In August, the market X2Y2 switched to optional royalties, slightly less than the market leader Magic Eden in Solana, the company's headquarters, in October. This caused an outcry from artists in the industry, who claimed that the market was trying to squeeze his profits and to commercialize too many artistic ideas.
By early December, X2Y2 and Magic Xanadu resumed their original mandatory royalties. However, according to big data platform Dune Analytics information, Blur continues to move forward, at least in the past month has maintained the second largest trading volume less than OpenSea.
The login password community is fully prepared for the publication of ambiguous dynamic passwords.
Although the time period of the Blur scheme may be timely after the Sewer Pass hot spot, there are also hot spots closely around its expected release of the governance agreement and the local dynamic password blur. Over the past few months, Blur has been buying dynamic passwords for airdrop supplies from traders at NFT in Etay Fong, which can help turn the market into an entire community.
Blur was scheduled to release its dynamic password earlier that month. However, the company recently included a new date on February 14, laying the groundwork for transmission.
Blur tweeted: "We are trying something new, and the extra two weeks will allow us to send something we've never had before."