Blur flips OpenSea to dominate the NFT marketplace scene
According to the report, OpenSea, feeling the heat from Blur, launched OpenSea Pro (OS Pro), a platform targeted toward professional traders, at the beginning of April 2023.
OS Pro aims to attract high-volume trading with a temporary zero percent marketplace fee and a minimum creator royalty of 0.5 percent.
However, despite these efforts, OpenSea’s trading volumes declined by 28%, forcing its dominance lower to 21.93% in April.
Meanwhile, Blur has maintained its position as the dominant player in the NFT marketplace, commanding a market share of 65.94%. It is despite its trading volumes decreasing by 33.19%, a $826m reduction.
Crypto California Club – Subscribe
