NFT Marketplace Wars: OpenSea vs Blur - No Fees, No Royalties, No Problem?

GM Guys and Gals,

Hold onto your wallets and grab some popcorn because we’ve got some drama in the world of non-fungible tokens! OpenSea, the marketplace that lets you buy and sell digital art, is making some big changes. They’ve decided to eliminate their marketplace fee and let creators choose whether or not to charge royalties. And just like that, the NFT marketplace wars have begun!

This move by OpenSea is sure to give their competitors a run for their money, especially Blur. Blur, who recently released their own native token, has been in a bit of a tiff with OpenSea over creator royalties. But with OpenSea’s new changes, they’re essentially saying “we don’t need no stinkin’ fees or royalties to compete.”

Now, some may be wondering how OpenSea plans to make money if they’re not charging any fees. Well, they’re testing this new model for a limited time to see what the right balance is for all involved.

They’ve also updated their blocklist to allow sales on marketplaces with the same policies, including Blur (as long as they “make good on their promise”).

But the real question is, what will happen to all those NFT creators who’ve been playing the field? Will they stick with OpenSea, jump ship to Blur, or perhaps find a new love in another marketplace? Who knows! It’s like watching a digital version of The Bachelor, and we’re all just waiting to see who gets the final rose.

So grab a drink, sit back, and enjoy the drama unfolding in the world of NFTs. Who knows what crazy antics will happen next! Maybe someone will release an NFT of a cat wearing a top hat, or perhaps a digital portrait of Elon Musk riding a unicorn. The possibilities are endless.

As the crypto world continues to evolve, we will keep you updated on all the latest developments. Stay tuned for more updates from Web3shala.

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That’s it for the day, Web3Shala 👋

To the Moon 🚀