NFT marketplace OpenSea aims to claw back Blur’s gains with 'P | NFTs & DeFi 🗓
NFT marketplace OpenSea aims to claw back Blur’s gains with 'Pro' platform
The company that long held the title of the world’s biggest NFT marketplace will see if its new offering can help it regain its dominance — Upstart marketplace Blur recently overtook OpenSea as the leader in total volume as measured by U.S. dollars. Blur offered a tantalizing incentive program featuring low fees, airdrops and token incentives in order to woo traders; the strategy quickly ate into OpenSea’s market share. OpenSea has integrated Gem into its Pro product. “Building on previous Gem designs, we’re excited to roll out a vastly improved suite of features that will allow collectors to discover the best deals and insights across 170 marketplaces and access sophisticated tools that meet their need for automation,” the company said in a statement. Still the leading marketplace by number of active traders, according to The Block research, OpenSea acquired NFT aggregator service Gem last April. Gem allows traders to buy and sell NFTs across multiple marketplaces. The Block research analyst Brad Kay isn't convinced OpenSea’s latest push will be enough to put a serious dent in Blur's gains.
