cryptonews: OpenSea has unveiled 'big changes' to fees as it battles to remain the world's biggest NFT marketplace. 👋
Blur also doesn't enforce creator royalties — and OpenSea caused controversy when it started to allow NFT creators to stop their collectibles from being traded on this marketplace.
Back in November, OpenSea had about 22,700 daily active traders, while Blur was languishing behind on 5,400. This means that there's a real risk of OpenSea being leapfrogged in the rankings within a matter of weeks.OpenSea says its attempts to defend creator earnings have been unsuccessful — and the latest figures show that 80% of total ecosystem volume does not pay out royalties in full, with many transactions moving to a zero-fee environment.
Much of the reaction to OpenSea's Twitter thread was pretty mixed. Many wondered how on earth the company would be able to make money now, while others urged the platform to follow Blur's lead by releasing its own token. One follower, Rahul Sood, wrote:
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