OpenSea Edges Out Blur Following its New Pro Platform Launch
Just days after launching its OpenSea Pro NFT marketplace aggregator, OpenSea has once again edged out upstart Blur and regained its market dominance.
Days ago, leading NFT marketplace OpenSea launched the OpenSea Pro NFT marketplace aggregator tool with 0% fees in a bid to attract the pro traders who had moved to the Blur market platform. It seems traders have responded to the perks and have streamed back to OpenSea over the past few days. OpenSea lost its market dominance to Blur in early 2023.
Data shows that the OpenSea Marketplace has registered a significant rise in the number of its new and daily users in the past few days. The rise in trading volume began just hours after OpenSea rolled out the OpenSea Pro tool.
The ‘OpenSea Pro’ tool was launched late last week as part of the company’s strategic ploy to regain its market dominance in the NFT marketplace. Blur edged out OpenSea from its NFT trade dominance in February this year.
OpenSea Pro enables users to browse NFT listings from more than 170 marketplaces, including OpenSea itself. It offers users a rich suite of consolidated cross-market data along with other cutting edge trading tools and features. The Pro market aggregator also enables traders to optimize how they trade NFTs.
It appears the OpenSea Pro aggregator was a masterstroke and has had massive traction in the crypto and NFT community leading to a considerable rise in wallets and daily trading activity in just a few days.
A survey by Dune Analytics shows that OpenSea’s NFT market share rose by more than 54% with the number of users on Blur going down by 27% since the launch of the aggregator platform. The number of daily users on OpenSea also rose from 18% on Friday, when the OpenSea Pro was announced to 57% on Monday.
Stiff Competition Between OpenSea and Blur
To mark the launch of OpenSea Pro, OpenSea released a new non-fungible token called “Gemesis”. The new NFT collection gives early adopters an opportunity to claim a free Gamis NFT collection from April 4th to May 4th.
OpenSea Pro has various perks for the NFT community such as NFT airdrops that are aimed at attracting and retaining new users. OpenSea lots its market share to Blur early this year due to the same perks. With the two marketplaces now offering NFT traders and collectors comparable parks, competition is set to heat up for much of the year.https://virtualrealitytimes.com/2023/04/10/opensea-edges-out-blur-following-its-new-pro-platform-launch/https://virtualrealitytimes.com/wp-content/uploads/2021/11/opensea-600x298.pnghttps://virtualrealitytimes.com/wp-content/uploads/2021/11/opensea-150x90.pngBusinessJust days after launching its OpenSea Pro NFT marketplace aggregator, OpenSea has once again edged out upstart Blur and regained its market dominance. Days ago, leading NFT marketplace OpenSea launched the OpenSea Pro NFT marketplace aggregator tool with 0% fees in a bid to attract the pro traders who had...Rob GrantRob Grant[email protected]AuthorVirtual Reality Times