The NFT Marketplace Battle Heats Up

Article source, here.

TL;DR

• Suddenly OpenSea's trading volume numbers have recently gone from the #1 spot, to #2.

• In an attempt to maintain their NFT marketplace dominance, OpenSea has just launched 'OpenSea Pro,' a marketplace with new trading tools, zero marketplace fees (for now) and plans for NFT-based trading rewards.

• Better tools, a better user experience, at a cheaper price, all combine to improve the value proposition for the end user (likely increasing adoption along the way).

Full Story

Anyone watch the 2005 TV series 'Rome'?

About how the Roman Empire grew, became a thriving civilization, only to be ultimately defeated.

(Just us? Fair enough).

OpenSea are kind of having their 'Rome' moment right now.

For a long while (relative to Web3's existence), OpenSea was the dominant NFT marketplace.

Others existed like Rarible and LooksRare, but OpenSea had the greatest trading volume and market share.

Until Blur came along.

Suddenly OpenSea's trading volume numbers went from the #1 spot, to #2.

In an attempt to maintain their NFT marketplace dominance, OpenSea has just launched 'OpenSea Pro,' a marketplace with new trading tools, zero marketplace fees (for now) and plans for NFT-based trading rewards.

The coolest feature is a tool that aggregates listings from more than 170+ NFT marketplaces, including platforms like Blur and LooksRare.

As the battle of the NFT marketplaces heats up, innovation continues.

Better tools, a better user experience, at a cheaper price, all combine to improve the value proposition for the end user (likely increasing adoption along the way).

More innovation will be required to ensure OpenSea doesn't fall to the same fate as the Romans did, but for now - it's a solid start!