CDS Crypto News BLUR NFT Marketplace Dominates the Sector: Could OpenSea Be Losing Authority?
Crypto News

BLUR NFT Marketplace Dominates the Sector: Could OpenSea Be Losing Authority?

Only 18% of the ETH NFT market's total volumes were catered to by OpenSea last week, compared to 80% by the Blur NFT marketplace.

169
BLUR NFT Marketplace Dominates the Sector: Could OpenSea Be Losing Authority?

Crypto News – The market for NFT has largely lagged behind the cryptocurrency industry, which has seen a robust bull run this year. Nonetheless, upstarts like the Blur NFT marketplace have been gaining momentum for formerly powerful companies like OpenSea.

BLUR NFT Marketplace Dominates the Sector: Could OpenSea Be Losing Authority?

The NFT market has seen a parabolic penetration of the Blur marketplace, and throughout the past month, the BLUR token has also seen significant 100% gains. In light of robust whale and buyer accumulation, analysts have already been anticipating a price increase to $1.

With a spike in transactions on December 3, the Ethereum NFT market saw its largest amount since June 29 of that year, coming in at $34.786 million. Prominently, Blur held an 80% market share, well ahead of OpenSea‘s 18% share. In the past day, many NFT collections have seen significant gains. Pudgy Penguins, for example, has surpassed 10 ETH and set a new record with a rise of almost 18%. More than 9% and 10%, respectively, were added to other collections, such as Azuki and Milady.

About BLUR NFT Marketplace

With cutting-edge features including real-time price feeds, portfolio management, and multi-marketplace NFT comparisons, Blur is a cutting-edge NFT marketplace and aggregator platform. With its user-friendly UI and speedier NFT sweeps, Blur hopes to differentiate itself from other similar platforms in the NFT market. The Blur NFT market’s native token is called BLUR.

BLUR NFT Marketplace Dominates the Sector: Could OpenSea Be Losing Authority?
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Understanding BTC Price’s Long-Term Investment Potential

Understanding BTC Price's Long-Term Investment Potential

Shiba Inu ETF Speculation Triggers 4000% Surge in SHIB Burn

Shiba Inu ETF Speculation Triggers 4000% Surge in SHIB Burn

OpenAI Develops New AI Model Codenamed ‘Strawberry’

Strawberry builds on OpenAI’s Q* project, introduced in November 2023, which is...

Crypto News- MakerDAO’s $1 billion treasury investment initiative gains attention from BlackRock’s BUIDL

MakerDAO's upcoming competition to allocate funds next month is poised to significantly...