Blur runs after OpenSea market share, but its success depends on upcoming governance proposals
Irreplaceable token (NFT) market Blur since the launch of airdrop materials on February 14, its trading volume and total working capital of sellers have soared sharply. It often skyrocketed, probably because it officially began airdropping supplies in the second quarter, handing out 10% of the airdropped tokens to special customers according to the popularity of special customers. From the market access control system shared in March 2022 to the first quarter of February 2023, the team distributed 12% of airdrop supplies to initial customers.
Blur has had a profound impact on OpenSea's position as a market leader. The analysis of big data engineer Vildoby shows that ambiguity has engulfed the market share of other aggregators such as OpenSea and X2Y2. Blur's incentive program and advanced NFT trading role have promoted customers to move to the platform.
OpenSea feels the pressure of work.
Drawing on Blur's handling, OpenSea suspended 2.5 per cent of each market service charge. The objective fact that OpenSea wants to give up a large portion of its profits-- about $336.8 million a year-- suggests that Blur growth is a threat.
These NFT bosses are still quarrelling over the important aspect of original royalties. According to the ability to control the full royalties of the original creators on the two platforms, the original creators must choose between Blur and OpenSea to list their personal collections.
Parkman, founder of Blur, recently said on the blog variety show Cointelegraph that OpenSea started the fight in the first place, and if a collection is still on sale on OpenSea, Blur has no choice but to avenge it according to binding functions such as limiting Blur's royalties. However, Pacman shows that he ideally expects originators to receive royalties on both platforms. He seems to expect OpenSea to succumb to market competition and gradually integrate into the aggregator rather than fight it.
Fuzziness also uses its obscure tokens to encourage founders and users, as well as to compensate founders for missing benefits from royalties on the platform when they do not support them. On the other hand, NFT traders can receive representative rewards by increasing liquidity for the platform based on the sale of NFT. So far, the plan has been successful because of the soaring liquidity of Blur since the launch of representativeness.
Because it also means the role of independent innovation provided by experienced NFT traders, including scanner upgrades, near-real-time total price upgrades, grade score filtering and vapor upgrading, Blur has also gained a reputation as a "technical professional trader market".
The success of fuzziness lies in renovation and optimization.
Obscure tokens have two ways to go: either maintain non-profit tokens with governance functions such as Uniswap's UNI (UNI), or shift to assigning use value accruals to token holders.
In its current state, Blur is similar to Uni, which puts it at a disadvantage because the market has already shifted to the concept of real yield-such as GMX and sushi (sushi restaurants)-or other innovative ways to accrue value that encourage purchases, such as Curve's online voting hosting model.
Uni Token's recent increase in data encryption from January to February compared with the low status of BTC (BTC) confirms that the market will exchange unprofitable tokens. Uni ranked first with a 40 per cent rise in 2023, while Bitcoin rose 50 per cent.
Since its inception, Blur has been completely free on the platform. Parkman also explores the scarcity of blurred technical holders by turning the "cost power switch" and rewarding the holder.
Betting is also a common function, and agreements are used to stop sales by offering inflation rewards. Although this countermeasure is helpful to attract investors to some extent, if there is no real rate of return, it may cause great damage over a long period of time based on inflation.
The main manifestation of the ambiguity will mainly depend on the decision of the BlueDAO vote. Prior to this, the growth of Blur in the NFT market will seriously affect the price of Blur, as investors are likely to be reluctant to give up the opportunity to touch this unpopular market leader. However, the overall trajectory is likely to remain declining, similar to what DYDX experienced in 2022.
Fragmented derivatives exchanges will and will make major changes to the platform, including improving the accounting value of DYDX holders. However, under the premise of the diligent release of v4 by the elite team of dYdX, platforms such as GMX and Gain Network are benefiting from the liquidity of the second layer of Ethernet Fong and its commitment to LP incentives.
Since the airdrop of goods on Feb. 14, the pressure on Blur to sell has been greatly reduced. The obscure analysis of the web page by Yi Qianxi, a desert big data engineer, shows that 76.7% of the blurred airdrop signal receivers have already sold tokens.
This shows that the selling from the airdrop signal receiver should be over soon. However, the timeline for the grant of tokens faces the risk of the diluent that investors and team tokens have gradually opened since June 2023, as well as the award distribution in the second quarter of this year.
Blur is in a useful position to take advantage of a very large upside in the market, especially considering that OpenSea's last equity financing was in January 2022, valuing the company at $13.3 billion. At this stage, the total market value of Blur after thorough dilution is $2.7 billion, which is five times lower than before. This project can obtain the obvious purchase demand for tokens by increasing the value of use.
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