NiftyNoon: Can OpenSea Pro Finally De-Throne Blur?

The fierce corporate battle between OpenSea and Blur continues as OpenSea reveals their professional user product (April 5, 2023)

Nifty Thought

• OpenSea’s formal response to Blur is here: OpenSea Pro. This is essentially a rebranded version of the Gem v2 platform that has been in beta. In other words, it is an NFT aggregator that can aggregate listings across multiple marketplaces including LooksRare and Blur. The idea here is that users will prefer using OpenSea Pro because it aggregates listings from all marketplaces rather than just a few marketplaces such as Blur. OpenSea has also continued their race to the fee bottom against Blur by eliminating marketplace fees for a limited period on OpenSea Pro. They have, however, reinstated marketplace fees on the main OpenSea marketplace.

• While the OpenSea Pro product is compelling and the elimination of marketplace fees (at least temporarily) makes the platform competitive, OpenSea still trails behind Blur in two key aspects. First, Blur’s incentive structure with bidding and listing has proved to be quite formidable. While OpenSea has teased their own NFT rewards, it is not clear if this opaque incentive structure can compete with the tangible bidding points people receive on Blur. Furthermore, OpenSea lacks the bid pools that Blur has. This both provides better liquidity for people hoping to sell their NFTs but also forces bidders to lock their ETH into the Blur pool. This ETH cannot be used on other platforms and therefore makes Blur more “sticky” as a product.

Project News

• OpenSea announces anticipated OpenSea Pro, which they claim to be the fastest and most powerful NFT aggregator in the industry:

  OpenSea @opensea

  Today, we’re excited to unveil OpenSea Pro (previously Gem v2) – the fastest and most powerful NFT marketplace aggregator in the industry! Some history in the 🧵below

  

  OpenSea Pro @openseapro

  Allow us to reintroduce ourselves 📣 Starting today, Gem V2, the best-in-class NFT aggregator, is now OpenSea Pro! 💎➡️⛵️ OpenSea Pro will still be run by the same Gem team you know & love, but with unified brands we are able to offer users MUCH more Let's dive in 👇🏽🧵 https://t.co/pyt6QnjW7b

• MetaMask announces extension update that finally adds NFT integration:

  MetaMask 🦊💙 @MetaMask

  🔊NFTs are coming to 🦊 extension! v10.28 will bring an NFT view into the MetaMask Browser extension👇

  

• Otherside announces the 3,333 KodaPendants, an Otherside Relic by Gucci, will be available for purchase for 450 Apecoin on April 6th:

  Othersidemeta @OthersideMeta

  Kodas have a thing for relics. The 3,333 KodaPendants, an Otherside Relic by @gucci, will be available for purchase for 450 @apecoin on April 6th.

  

• New NFT from OpenSea/Gem will have a rank based on how early you used Gem:

  wave @0xWave

  The new NFT from Opensea/Gem will have a rank based off of how early you used Gem The metadata isn't released yet, but if you're curious to know your wallet's rank I'll link a query below My wallet was the 81st to use gem

  

• SquiggleDAO announces “1-Year Squiggle Loans” most loans coming out to 6 ETH with 9% APR over 1 year:

  SquiggleDAO @squiggleDAO

  📣 Announcing 1-Year Squiggle Loans 📣 We believe in Squiggles for the long term. Despite the fact that Squiggles have been around for less than 2.5 years, we are confident that they are a long-term store of value.

  

• Beeple shares sarcastic cartoon sketch of Donald Trump in courtroom “pleading not guilty to pumping Nakamigos”:

  beeple @beeple

  DONALD TRUMP PLEADING NOT GUILTY TO PUMPING NAKAMIGOS

  

Community News

• OpenSea’s Gemesis free NFT claim for Gem V2 holders quickly does large volume across all marketplaces:

  Matthew @matthewdoteth

  Let's quickly go into how Gemesis is doing. Are holders diamond handing or are they dumping for liquidity? In 9 hours, Gemesis has done over 964 ETH ($1.8M USD) in volume and has a floor of 0.052 ETH. Next, let's look at their holders 👇 (1/3)

  

• 0x80Ec7 buys 2 Nakamigos for 38.667 ETH ($72,343.40):

  NFT Whale Alert @nftwhalealert

  0x80Ec7 bought 2 Nakamigos for Ξ38.667 ($72,343.40)

  

  

Quick Stats:

• OpenSea ETH Daily Volume: 5,664 ETH (▼ 16.62%)

• Blur ETH Daily Volume: 19,305 ETH (▲ 10.37%)

• BTC: $28,578.98 (▲ 2.12%)

• ETH: $1,911.13 (▲ 5.37%)

• Solana: $21.17 (▲ 3.31%)

• Polygon: $1.15(▲ 4.37%)

NFT Daily Winners:

• 🐈‍⬛ VeeFriends: 3.40 ETH (▲ 21.86%)

• 🥃 Proof Collective: 12.80 ETH (► 0.00%)

NFT Daily Losers:

• 🦉 Moonbirds: 3.34 ETH (▼ 0.04%)

• 🧟 Mutant Ape Yacht Club: 13.00 ETH (▼ 1.33%)

• ⛩️ Azuki: 13.50 ETH (▼ 1.52%)

• 🚬 CryptoPunks: 58.79 ETH (▼ 1.64%)

• 🦧 Bored Ape Yacht Club: 61.80 ETH (▼ 2.06%)

• 🐧 Pudgy Penguins: 4.23 ETH (▼ 2.2%)

• 🏳️‍🌈 Chromie Squiggles: 10.12 ETH (▼ 2.91%)

• 🧬 Clone X: 2.99 ETH (▼ 4.47%)

• 🌈 Doodles: 3.00 ETH (▼ 5.63%)

• 🧝🏼‍♀️ DigiDaigaku: 4.10 ETH (▼ 17.17%)

Notes:

• If you find quick daily NFT updates helpful, please feel free to subscribe:

• The content on this site is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

• Managed by @AxuETH, @NPapaellinas, @SharkFragile, @SpeedyGonzale87, @SSPxLEO and @xhuewa