Opensea’s Move Against New Opponent: Reset Fees

Popular NFT marketplace OpenSea has announced that it will not take commissions on trades made for a certain period of time.

A recent report by OpenSea in the statement, marketplace transaction fees for a certain period of time 0%It was included in the download. This statement is the last The hottest new NFT marketplace Bluras the volume After serious competition with OpenSea came.

Blur hasn’t charged any fees since the first day it went live. On the other hand, OpenSea does not accept the commission that content producers will receive. “at least 0.5%” changed to. Before below 0.5% Content creators who can charge commissions are now more revenue from sales they will get.

Also in the statement, Blur’s creator decision to recover earnings and exposing users to a wrong choice in terms of liquidity between OpenSea and Blur.

While the OpenSea team described this step as the beginning of a new era, it intimidated its rival Blur:

This is the beginning of a new era for OpenSea. We are excited to test this model and find the right balance of incentive and motivation for all ecosystem participants. Creators no longer have to make the wrong choice between earning on OpenSea or Blur.

According to data obtained by The Block, in February Ethereum (ETH) top of the NFT-based trading volume $169 million and OpenSea, while Blur With a volume of 106 million dollars It looks like it’s already in second place.


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