And looking at their Idea Map and how quickly they’ve been able to ship new products and features, I wouldn’t bet against them. While I don’t think OS is completely dead in the water, I do think they are in serious trouble - especially if Blur has innovative approaches on a longer timeframe. Many already felt Blur was the superior marketplace from a useability standpoint even prior to the drop - and it feels like a large section of the NFT community has now rallied behind them as the scrappy underdog beating down a Goliath. Ghost: I thought OpenSea’s moves this week came across as reactive and desperate - and meanwhile, Blur has put on a masterclass of how to disrupt an incumbent. ![]() It’s fun to watch innovation happen so fast, and this is why web3 is long-term beneficial to marketplace participants, but when the music stops, the platform with the most money and resources typically wins, and that’s OS. OpenSea has half a billion dollars in investments and a major first-mover advantage. As Logan mentioned, Blur is literally paying people to trade on its platform. It sounds dramatic, but OpenSea might be second-best forever…without a token. Considering Blur is already zero fee, OpenSea’s response is unlikely to make any dent or shakeup for the foreseeable future. Blur has all the things active NFT traders wanted….and now it is literally paying to trade on Blur instead of OpenSea. Logie: I can respect OpenSea feeling it “needed to act” to stop the bleeding of volume towards Blur, but in my view…it is far too late. It feels like Blur is the new King and OpenSea has officially lost its crown. They are losing the chess match with Blur pretty badly right now. And while this move has seemingly stopped the bleeding in their daily users and daily sales, it has not helped daily volume or market share much at all. I am happy that OpenSea is challenging Blur because it will ultimately be good for NFT traders, but this was not their best move IMO. It came across like a desperate hail mary attempt to keep up with Blur, and in doing so, they seemingly pissed off dozens of artists and founders who saw their royalties instantly reduced. What are your thoughts on the move, and do you think these changes make a difference? The moves come in response to Blur’s hostile takeover of the NFT volume charts, with its recent token drop and continued $BLUR farming leading to a serious shift in market share. ![]() OpenSea's Rough Waters □ Question 1: OpenSea made some major changes on Friday, dropping their fee to 0% for a limited time, applying a 0.5% minimum creator earnings, and updating their operator filter to unblock other marketplaces.
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