NiftyNoon: Blur’s Killer Strategy with Opensea Flagged NFTs?

Blur attempts to make OpenSea irrelevant by cutting off its liquidity advantage (February, 27 2023)

Nifty Thought

• OpenSea has faced many credible marketplace threats in the past that attempted to undercut fees. Notably, X2Y2 went royalty optional while only charging a 0.5% marketplace fee. Conversely, OpenSea charged up to 10% creator royalties with a 2.5% marketplace fee. However, no marketplace has succeeded in taking away OpenSea’s market share the way Blur has. While Blur may have initially beaten OpenSea on fees, it is now succeeding for a different reason: liquidity. Bid pools and overall increased market activity on Blur make the new marketplace impossible to ignore for anyone motivated to sell an NFT. The recent move that allows OpenSea flagged NFTs to be sold into Blur bids is another strategic play that strips away even more liquidity from OpenSea.

• Because flagged NFTs are now a normal part of Blur transactions (anyone bidding aggressively on the platform will receive them), most Blur users will now be further incentivized to stray away from OpenSea. Flagged NFTs cannot be sold on OpenSea and cannot even accept direct WETH offers. Therefore, Blur has created an entirely new class of assets that has full liquidity on Blur and no liquidity on OpenSea. By re-integrating flagged assets into the broader NFT trading pool, more people will be forced to avoid OpenSea entirely.

Project News

• Blur announces it will allow NFTs marked by OpenSea as suspicious or stolen to be sold into the Blur bid pool:

  Blur @blur_io

  The price difference between NFTs with and without third party flags has disappeared. As a result, third party flag restrictions will be removed from Blur bids in 6 hours at 5:30PM PT, 8:30PM ET, 9:30AM HKG

  

  

  Blur @blur_io

  1/2 Starting today, Blur and @LooksRare will no longer show third party flags in the UI by default. We've found that flags hurt end users more than they help.

• RooTroop NFT blocks trading on all marketplaces except their own:

  Roo Troop @RooTroopNFT

  We recently announced that we will be taking a stand against all of the nonsense surrounding creator royalties. Here is why we are going to block trading on every marketplace but ours and what that means for the future of @RooTroopNFT 🧵

  

• Metroverse announces it will be shutting down, ending further developments of the game:

  Metroverse @themetroverse

  Metizens, after a year and a half of building and many accomplishments to be proud of, Metroverse will be shutting down and ending further development of the game. Thanks to everyone who played the game! 🙏 For more information: metroverse.com/community-noti…

  

• The Daily Dose show announces transition into the ZenDaily show as Ryan Carson takes a break away from web3:

  Daily Dose 💊 @DailyDose

  The Daily Dose show is transitioning to the ZenDaily show, hosted by @ZenAcademy @Zeneca and @emileevee - hope to see you on Tuesday 🙌🏻 https://t.co/44fEyL0bn1

• Arial Jade joins Cool Cats Team as an illustrator:

  Arial ✶ Jade @arialxjade

  ✨THE CATS OUT OF THE BAG! ✨ I’m proud to finally announce that I’ve officially joined the @coolcats team as an illustrator! 🐱💙✍🏼 I’ll be working closely with both the creative and marketing teams to bring you all even MORE of the cool, funny, and crazy content/ art I’ve… https://t.co/ngPT5hpa2t

  

• 0N1 Force Project present vision of 0n1 Force Rebirth:

  0N1 Force @0n1Force

  Our Vision: 0N1 Force Rebirth, Season 1

  

  0n1forceofficial.medium.com0N1 FORCE REB0RN, SEASON 1Enclave, R1S3 TOGETHER

Community News

• DookeyDash Champion receives multiple credible offers on Golden Key including a 999 ETH offer from Memeland:

  The Bored Ape Gazette🍌 @BoredApeGazette

  NEW OFFER » @Memeland Just Offered @Mongraal 999 Eth Or $1.63 Million USD For The Golden Key Find out why Memeland’s Founder, @9gagceo, said they’re going for gold:

  

  theboredapegazette.comNEW OFFER: NFT Project Memeland Just Offered Mongraal $1.63M USD For The Golden KeyThis NFT Project memes business after it made a massive offer on the Golden Key from the DooKey Dash. As the many in the NFT space were asleep, NFT project Memeland made a 999 Eth or $1,634,000 USD offer to professional gamer and DooKey Dash champion, Mongraal, for his first place Sewer Pass. “CASUA…

• Machi sells 1,010 NFTs in major NFT dump that causes highly volatile NFT prices:

  Johnny🎙️ @jpegjohny

  The largest #NFT dump ever. In the past 48 hours Machi has sold 1,010 NFTs, including: 90 #BAYC for 5707 $ETH 191 #MAYC for 3091 #ETH 112 #Azuki for 1644 ETH 308 #Otherdeed for 582 ETH

  

  Liam Herbst @liamherbst_

  Machi Big Brother can crash the NFT market in one click. Here's how and why he should (1/17)

  

• Azuki #2904 sells for 220 ETH:

  AZUKI Sales Bot @azuki_sales

  AZUKI #2904 sold for 220.0 ETH (354,200$) on X2Y2 🔗looksrare.org/collections/0x… 0x9cdc8aa535b66b5a86690c833b92f86877268bf374b624d2e4ac67e63c9d11bd

  

Quick Stats:

• OpenSea Daily Volume: 7,917 ETH (▼ 10.67%)

• Blur Daily Volume: 26,910 ETH (▼ 23.24%)

• BTC: $23,412.61 (▲ 0.64%)

• ETH: $1,637.60 (▲ 2.04%)

• Solana: $22.80 (▼ 0.5%)

• Polygon: $1.25 (▼ 1.85%)

NFT Daily Winners:

• 🧝🏼‍♀️ DigiDaigaku: 8.50 ETH (▲ 18.06%)

• 🦉 Moonbirds: 6.75 ETH (▲ 10.89%)

• 🐧 Pudgy Penguins: 5.54 ETH (▲ 6.56%)

• ⛩️ Azuki: 15.00 ETH (▲ 4.9%)

• 🧬 Clone X: 4.83 ETH (▲ 2.61%)

• 🦧 Bored Ape Yacht Club: 70.99 ETH (▲ 2.51%)

• 🧟 Mutant Ape Yacht Club: 15.25 ETH (▲ 1.67%)

• 🌈 Doodles: 5.30 ETH (▲ 0.08%)

• 🚬 CryptoPunks: 63.95 ETH (► 0.00%)

• 🥃 Proof Collective: 14.95 ETH (► 0.00%)

• 🏳️‍🌈 Chromie Squiggles: 12.40 ETH (► 0.00%)

NFT Daily Losers:

• 🐈‍⬛ VeeFriends: 4.91 ETH (▼ 0.49%)

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