​OpenSea implements 0% fees to win over NFT user base lost to | Crypto Bubble

​OpenSea implements 0% fees to win over NFT user base lost to Blur.

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.

Major nonfungible token (NFT) marketplace OpenSea announced a massive structuring around lower platform fees and greater creator earnings as competing marketplaces continue to drain away its once dominant user base.

According to data from Nansen, on Feb. 18, NFT marketplace Blur surpassed OpenSea in daily Ether trading volume as users — anticipating greater returns on their NFT investments — are looking for a trading arena that works in their favor.

Daily trading volume of major NFT marketplaces. Source: Nansen
As a reactionary measure, OpenSea announced three major changes to win back its migrating customers. The measures include a 0% fee for a limited time, introducing optional creator earnings and leniency on other operators.