The Thucydides Trap In The NFT Market: OpenSea Counterattacks And Starts A Fee WarThe Thucydides Trap, proposed by Graham Allison, a professor at Harvard University, means that a newly rising power must challenge the existing power, and the existing power must respond to this threat so that war becomes inevitable. Now, the Thucydides trap has happened to the two giants of the NFT market, OpenSea, and Blur.
On February 15, Blur’s native token BLUR was launched for trading, and the transaction volume exceeded $1 billion in less than 24 hours. Perhaps taking advantage of this strong momentum, Blur began to confront OpenSea in a new chapter of the NFT royalty war.
On February 16, one day after the BLUR token was launched, Blur issued an official announcement announcing the update of the royalty policy, which straightforwardly recommends that users block OpenSea; as long as they do not use OpenSea, they can enjoy full royalties.
