NFT marketplace Blur surpassed OpenSea in daily ETH trading volume as users — anticipating greater returns on their NFT investments — are looking for a trading arena that works in their favor.
The main irreplaceable dynamic password (NFT) market, OpenSea, has unveiled a large-scale architectural design that revolves around lower service platform fees and higher creator income, as the competitive market once again flows out of its previously dominant user base.
According to Nansen, the daily ETH turnover of Blur in the NFT market exceeded that of OpenSea on February 18, as users expected a higher return on their NFT project investment and were looking for a trading site that would benefit them.
As a counter-revolutionary response, OpenSea announced three major reforms to win over immigrant investment customers. These measures include deducting 0% of fees for a limited period of time, introducing alternative creator income, and leniency for other operators.
OpenSea acknowledges that customers have been taken away by the NFT market, which has not yet fully implemented creator income, and that the new strategy is to regain its dominance in the field, adding:
"recent events-including Blur's determination to reduce the creator's income, even through filtered personal collections, and the incorrect choices he has driven creators to make between working capital on Blur or OpenSea-have proved that our own attempts have not worked."
OpenSea feels it defends the income of all collection creators while strictly enforcing strong support for network operator Filter-an effect designed to help creators secure revenue and resell their work. However, the filter actively blocks the recommended volume of markets that apply the same strategy.
Blur's leading position in daily turnover can be attributed to a new current royalty policy, which demonstrates the difference between its platform and OpenSea in terms of royalty payment options. It says:
OpenSea's current royalty policy prevents collections from getting royalties at any time. They listed the objective reasons (see knotty questions), but the end result showed that the creator had to get royalties on one software at a time.
In the royalty battlefield between the two markets, the community team members expounded the necessity of market competition. Were it not for the zero royalty market, more well-known companies such as OpenSea would eventually upgrade their fee structure, which would endanger the interests of creators and collectors.
In addition, the OpenSea program continues to test the model to determine which are more suitable for community street organizations. Community members speculate that if OpenSea has a good grasp of lost customers, it may also increase the cost of service platforms in the future-a predatory measure often considered in less competitive areas.
Taking into account the origin of Mohan's focus on using NFT and Web3 as creators, YouTube served as the new CEO Neill era Mohan is called a victory in the cryptographic world.
According to Cointelegraph, during his tenure as chief product officer of YouTube, Mohan outlined a basic plan to integrate the functions of virtual reality based content and specific content identification based on NFT.