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Author Topic: Do you think Blur will overtake Opensea  (Read 411 times)
adaseb (OP)
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February 25, 2023, 03:46:18 AM
 #1

So the hype this week was when Coinbase listed Blur. Then we got the airdrop and if you are looking at the Gas guzzler sources you will see that Blur has more activity than Opensea. It also has more volume. And there is another airdrop round 2 coming and they are going to airdrop more tokens for bidders and holders of NFTs.

Already there are many people who are buying massively on Blur to get the airdrop and maybe are listing their NFTs on Blur from Opensea. Seems there is a massive fight between these two NFT giants.

What does everyone think of Blur? Does it have the capacity to overtake Opensea in the long run? Currently its market cap even fully diluted is like $2B but Opensea was valued at something like $13B so it seemed under valued even with full diluation. Currently there is only 400,000,000 or so token released out of a possible 3,000,000,000.
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February 26, 2023, 05:12:17 PM
 #2

So the hype this week was when Coinbase listed Blur. Then we got the airdrop and if you are looking at the Gas guzzler sources you will see that Blur has more activity than Opensea. It also has more volume. And there is another airdrop round 2 coming and they are going to airdrop more tokens for bidders and holders of NFTs.

Already there are many people who are buying massively on Blur to get the airdrop and maybe are listing their NFTs on Blur from Opensea. Seems there is a massive fight between these two NFT giants.

What does everyone think of Blur? Does it have the capacity to overtake Opensea in the long run? Currently its market cap even fully diluted is like $2B but Opensea was valued at something like $13B so it seemed under valued even with full diluation. Currently there is only 400,000,000 or so token released out of a possible 3,000,000,000.
Maybe i don't get it, why it would overtake opensea? People seem to trade there because the airdrops might be profitable. There are countless of sites that have been trying to take over fit in the markets or even competed with opensea and everyone of them have left in the shadow of it. Volume in Blur will be high as long as rewards are worth it, after that people move back to that one place where all the customers are.

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February 27, 2023, 02:53:20 AM
 #3

Maybe i don't get it, why it would overtake opensea? People seem to trade there because the airdrops might be profitable. There are countless of sites that have been trying to take over fit in the markets or even competed with opensea and everyone of them have left in the shadow of it. Volume in Blur will be high as long as rewards are worth it, after that people move back to that one place where all the customers are.
It's hard for late comers to take over first pioneers. BNB has yet taken over Ethereum. Binance Smart Chain vs Ethereum ERC-20 chain. Pancakeswap vs Uniswap. There is possibilities for late comers but they can not provide similar services and say they will beat the pionners in those branches.

To take over pioneers, those new platforms must have top-notch new services that bring something really new to potential customers. In reality, it does not happen too often from new startups which are like copy-cats than game-changers.

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adaseb (OP)
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February 28, 2023, 04:47:49 AM
 #4

I think the airdrop is one of the reasons but what gave it the largest boost was the Coinbase listing I guess. The fact that Opensea removed their fees shows that they are in trouble of being overtaken.

It’s crazy how much liquidity was added in the last few days . Those NFTs that sold for millions normally don’t have that much liquidity. So many are buying all  these NFTs for the airdrop. Wondering if the hype will still be around once they distribute round 2.
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February 28, 2023, 11:15:39 AM
 #5

It's hard for late comers to take over first pioneers. BNB has yet taken over Ethereum. Binance Smart Chain vs Ethereum ERC-20 chain. Pancakeswap vs Uniswap. There is possibilities for late comers but they can not provide similar services and say they will beat the pionners in those branches.

To take over pioneers, those new platforms must have top-notch new services that bring something really new to potential customers. In reality, it does not happen too often from new startups which are like copy-cats than game-changers.
I don't think BNB's aim was ever to take over ETH or even compete with it. even if they offer similar services. And it would be dangerous signal if people started to trust them more as they have only 21 validators from which half of them are responsible for the network governance. Versus ETH2.0 that has over 500k validators now.

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March 01, 2023, 03:16:48 AM
 #6

I don't think BNB's aim was ever to take over ETH or even compete with it. even if they offer similar services. And it would be dangerous signal if people started to trust them more as they have only 21 validators from which half of them are responsible for the network governance. Versus ETH2.0 that has over 500k validators now.
I can not say it on behalf of Binance or CZ but if you follow Binance and CZ Twitter accounts, in 2020 and 2021 bull run, when Ethereum ERC-20 chain was congested some times by massive demands on DeFi 2.0, GameFi and Metaverse projects and communities, transaction fees on ERC-20 some times boiled up to $200 or $300 for one transaction.

Binance Smart Chain was launched in that time and they tried to shill their BSC chain like "The chain for the rich, ERC-20 is a chain for the poor" and many other shilling tweets. I believe they want to become a bigger and better chain than ERC-20 chain and making noise helps them to get it faster.

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March 03, 2023, 09:09:10 AM
 #7

So the hype this week was when Coinbase listed Blur. Then we got the airdrop and if you are looking at the Gas guzzler sources you will see that Blur has more activity than Opensea. It also has more volume. And there is another airdrop round 2 coming and they are going to airdrop more tokens for bidders and holders of NFTs.

Already there are many people who are buying massively on Blur to get the airdrop and maybe are listing their NFTs on Blur from Opensea. Seems there is a massive fight between these two NFT giants.

What does everyone think of Blur? Does it have the capacity to overtake Opensea in the long run? Currently its market cap even fully diluted is like $2B but Opensea was valued at something like $13B so it seemed under valued even with full diluation. Currently there is only 400,000,000 or so token released out of a possible 3,000,000,000.

Yes. It is possible. When you compare Opensea vs BLUR, you need to follow the below points.

1. Are there any advantages of using these marketplaces?

Currently, the opensea does not have an incentive system to rewarding to buyers and sellers. Also, the opensea marketplace does not have its own token.  But the blur marketplace has its own incentive program to reward all the stakeholders. This is the main reason to overtake Opensea.

2. Multichain Support

Blur marketplace is limited to only the Ethereum chain. But the open sea marketplace has multichain support. This is the only negative part of the Blur marketplace.
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March 03, 2023, 05:40:54 PM
 #8

OpenSea is takend the brand for "NFTS" sector.

I don't think "Blur" are gonna to hold against OpenSea in a long term, it's just like regular project who have the same idea and can compete against the platform number one in that sector.

It's only beginning hype, and in the long term like other project.

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March 04, 2023, 11:32:44 PM
 #9

OpenSea is takend the brand for "NFTS" sector.

I don't think "Blur" are gonna to hold against OpenSea in a long term, it's just like regular project who have the same idea and can compete against the platform number one in that sector.

It's only beginning hype, and in the long term like other project.
Hype is part and parcel of crypto. At least that's what I came to realize...

The Opensea and blur situation kind of reminds me of the Uniswap - Pancake swap situation and all those other swaps that exploded into the scene because of hype, especially after the UNI airdrop

I think Blur could become a very big potential competitor to Opensea, it will all depend on how aggressively they market the platform and the long term goals top sway the numbers in their favour.

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March 05, 2023, 05:34:25 PM
 #10

too soon if you say that blur will beat opensea, because so far opensea has been nft's no1 market.
and as long as opensea has been standing there have been many who compete with opensea and no one can overtake opensea.
but maybe blur can provide different things from opensea.

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Anonylz
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March 05, 2023, 05:35:23 PM
 #11

Probably this is blur time, when opensea was newly launched the hype was huge and lots of nft trading also took place but as time passes things naturally cool off. If there is going to be a second airdrop as you said, I think most nft traders wouldn't want to miss that opportunity. I think the hype will end soon and by then it will be clear if it can overtake opensea or not.

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March 05, 2023, 05:41:00 PM
 #12

When you compare Opensea vs BLUR, you need to follow the below points.

1. Are there any advantages of using these marketplaces?

Currently, the opensea does not have an incentive system to rewarding to buyers and sellers. Also, the opensea marketplace does not have its own token.  But the blur marketplace has its own incentive program to reward all the stakeholders. This is the main reason to overtake Opensea.

2. Multichain Support

Blur marketplace is limited to only the Ethereum chain. But the open sea marketplace has multichain support. This is the only negative part of the Blur marketplace.
That's one good comparison you got there mate. By this, we can clearly see the advantage and disadvantage of each of them. I am thinking that maybe open see will try to imitate what blur currently has because they might be afraid with it but who wouldn't be when blur already had a 2 billion market cap even if they are only getting started.

If given some time, they can easily be at the level of open sea in terms of market cap and will be higher than that if open sea didn't do anything to attract more users in their platform. When open sea first started, they also support eth chain only but later on they add other chains. The same thing can be happening in blur right now.
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March 06, 2023, 11:51:50 PM
 #13

There was a time when nft trading volume on Blur surpassed Opensea on 20 Feb 2023


 but I don't think Blur can overtake Opensea anytime soon.  Blur's user base has grown but is mainly stimulated through airdrops and is only half the number of users on Opensea.  However, Blur has created a strong challenge for Opensea and as long as they make certain mistakes, Blur can completely overcome.

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March 07, 2023, 02:09:50 PM
 #14

Yeah in my opinion crypto itself keeps evolving so it doesn't surprise me when some platform takes the other platform. In this case I just barely know the sites from you hehehe, it probably I don't open NFT related very much.

It has many factors why the Blur become the number one NFT right now maybe one is the airdrop remember about the TrustWallet Airdrop, Uniswap Airdrop, ENS Airdrop, Aptos Airdrop. all of sudden the platform gain more user and as the Centralized Exchange they Like Popular project like ShibaInu.

and the second maybe because of this


The offer 0% marketplace fee But I think this was temporary, and the other hand Opensea team maybe already made this news to their regular meeting.

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May 02, 2023, 01:19:36 PM
 #15

The news is coming right after a great storm hit, I'm sure many people can say that Blur will overtake it. I'm pretty sure some people are holding on to other altcoins like Binance, Binance and other. But that's okay, let's say Binance will overtake NFTs. It would take a massive amount of bitcoin to become a major exchange like ethereum.
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May 02, 2023, 06:43:10 PM
 #16

NFT marketplaces apparently obey the same principle as centralized crypto exchanges, namely periodic change of the industry leader. OpenSea lost much of its credibility after the 2021 hype because it was a platform on which various fraudulent schemes parasitized. The emergence of a new leader was only a matter of time. Now OpenSea will have to try very hard to regain its leadership and credibility, although I am sure they will hardly succeed.

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May 02, 2023, 09:23:26 PM
 #17

I think the airdrop is one of the reasons but what gave it the largest boost was the Coinbase listing I guess. The fact that Opensea removed their fees shows that they are in trouble of being overtaken.

It’s crazy how much liquidity was added in the last few days . Those NFTs that sold for millions normally don’t have that much liquidity. So many are buying all  these NFTs for the airdrop. Wondering if the hype will still be around once they distribute round 2.
the reason for the airdrop and coinbase that attracts people to trade on motion blur makes activities that will get airdrop prizes from the blur project. The competition between the two projects is very strong for positions. For me, both projects have the same perfection. that makes people interested, maybe there will be a new project with the same concept of NFT market

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May 02, 2023, 09:46:16 PM
 #18

judging from the fact that their smart contract seems to have more activity and opensea right now is even got their one of investors money escaping the platform I think blur will definitely replace opensea in the near future.

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May 02, 2023, 09:59:36 PM
 #19

judging from the fact that their smart contract seems to have more activity and opensea right now is even got their one of investors money escaping the platform I think blur will definitely replace opensea in the near future.
This could be the for Opensea to experience big problem as many issues are being raised already.
If Blur will continue to grow, then it can easily compete with Opensea and might take over the top spot. Anyway, didn’t see any new hype with the NFTs so Blur might stay behind for a while now but if the volume continues to increase, then its an indication that many starts to trust Blur and Opensea should feel this threat already.

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May 02, 2023, 10:06:37 PM
 #20

overtaking in term of NFT market place i think very common, this time blur seem to have more fame, next year maybe it's opensea, the two could coexist you know and even if one being overtaken by the other seem quite normal, after all, having more transaction in the platform doesn't mean the capitalization of the platform also gonna rise, it's just matter of traffic at the end of the day.
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