Blockchain According to the latest report by data tracker Glassnode, after the Merge update Ethereum The validators running the network were positively impacted by the competition between the NFT marketplaces OpenSea and Blur.
NFT marketplace launched in October 2022 Blur It quickly gained a lot of attention. Industry leader in months OpenSea The new platform, which is in fierce competition with the new platform, dominates 78% of the digital artwork sales volume.
Blur at once NFT With its leadership in the market, OpenSea sought to respond. The well-established digital artwork market has for a time reduced its trading commission to zero.
We’re making some big changes today:
1) OpenSea fee → 0% for a limited time
2) Moving to optional creator earnings (0.5% min) for all collections without on-chain enforcement (old & new)
3) Marketplaces with the same policies will not be blocked by the operator filter— OpenSea (@opensea) February 17, 2023
How ETH Validators Benefit
With the sudden popularization of Blur, there has been a great increase in NFT trading volume compared to the last months. The platforms in question Ethereum This has indirectly increased the revenue of the validators as it operates on the infrastructure.
The median gas fee on the ETH network reached 38 gwei, hitting the highest level in the last 8 months. Glassnode analyst Alice Kohn predicted that transfer fees will increase further if the crypto market recovers in the coming weeks. The rise in gas fees could make Ethereum more attractive to investors.
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