OpenSea, the leading market for irreplaceable dynamic passwords (NFT), said on Friday that it would temporarily withdraw market spending and compete fiercely with the market share of Blur, the all-popular free market.
OpenSea said in a tweet that it would charge 0 per cent of the market fee for a limited period of time and gradually increase the creator royalties available by default for all personal collections that do not have chain royalties from 0.5 per cent.
The market has also adjusted the credit blacklists of many markets that do not pay full royalties to creators to promote sales in NFT markets with the same system. It makes it clear that this includes Blur because they have fulfilled their promise that creators will no longer be forced to choose between the two service platforms to receive all royalties from their personal collections.
"this is also the beginning of a new era of OpenSea," the market said on Twitter. We are pleased to be able to test this model and find the right balance of incentives for all ecosystem participants-founders, collectors and buyers and sellers of power projects.
Tensions between Blur and OpenSea intensified this week after the release of Blur's native dynamic password on Tuesday. On Wednesday, Blur's trading volume overtook OpenSea for the first time since its launch in October.
OpenSea took a hard line in the debate over creator royalties, launching a royalty enforcement tool in November that allows collectibles listed on the platform to authorize royalties on the chain. The special tool also blocks resale of the collection in markets where X2Y2 and Blur are not forced to charge royalties.
It is reported that in January, Blur found a system flaw in the software, which can maintain the percentage of royalties collected on OpenSea as a percentage of Blur. On Wednesday, Blur published an online article about NFT creators, listing the differences between the platform and OpenSea in their royalty payment options, encouraging their users to blacklist OpenSea so that creators can collect all royalties on their software.
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