The Marketplace Wars: Blur vs OpenSea
OpenSea's dominance has drastically declined, while Blur has emerged from obscurity to become a frontrunner in the sector.
OpenSea's market share plummeted from 95% in November 2021 to 34.3%, whereas Blur surged from zero to 66.5% at its peak.
Initially monopolising the scene as the first mover, OpenSea imposed exorbitant 2.5% fees on every trade. Additionally, it 'protected' NFT creators' rights, coercing users to pay yet another substantial commission to collection creators.
Blur has overtaken OpenSea in just six months. It offers convenient, technologically advanced trading with zero fees, beautifully executed airdrops, and farming with an element of gamification.
What are your bets? Which marketplace do you think will come out on top in the NFT market?