For a long time open sea dominated the Nft space but now a major competitor Blur has started to significantly eat Into their market share not only created A massive amount of wealth overnight but It's created new opportunities for users To earn money not only through blur but What could potentially be an all-out war Between the two biggest nft platforms That are actively fighting for users so In today's show I'm going to run you Through what exactly is happening Between open sea and blur and what this Means for a potential airdrop Opportunity not only for blur season 2 But also open c as they've started to Hint at an upcoming token release so I Think by the end of watching Today's Show you'll not only have a better Understanding of opencm blur but you'll Also be able to take advantage of a Thriving nft ecosystem just by looking At the total amount of wallets that hold Nfts we can see that cumulative wallet Holdings of nfts on ethereum have Significantly increased since January 2022 and although volume also took a hit For quite some time we're now seeing the Highest nft transaction volume since June 22 22 coming at a whopping 1 Billion dollars worth of monthly Transactions so volumes in the nft Market are starting to tick up and this Is of course due to blur who launched
That platform and stole a whole lot of Market share from openc in playing some Cunning yet revolutionary tactics to get An understanding of just how effective This was we have to understand the Historic use of openc as an NFC Marketplace openc for the longest time Has been the biggest nft Marketplace in Crypto it's done a whopping 34.67 Billion dollars worth of volume in its History and for a long time it was the Top dog I mean look at second place here Axi Marketplace comes in well shy at a Volume of 4.27 billion and crypto punks And Magic Eden at third and fourth Aren't even close at two and three Billion dollars respectively so openc Has dominated the game for a long time But if we look at the last week and look At the nft volumes now we can see that Blur has taken the top spot coming in With 647.7 million dollars worth of trading Volume for the week with openc just a Fraction of that value at 149 million so What's actually happened over the last Few weeks to have openc which is for so Long be the top dog be flipped in such a Resounding fashion well let's dig into What blur Marketplace actually is and How they orchestrated this attack on Openc and what it potentially means for Your Investments so essentially what you Need to understand is blur is an nft
Marketplace but they have a real focus On UI and usability so it's very well Designed and it has a market aggregator That offers Advanced analytics portfolio Management capabilities and the ability To compare nfts on multiple marketplaces So just imagine this you know you're an Nft Trader and you have nfts across open Sea magic Eden looks rare and a Multitude of platforms it becomes very Hard to aggregate your nft Holdings and Compare data across a multitude of Different platforms so if you want to Work out what the floor price is on one Nft in relation to another nft on Another platform it makes it very very Difficult and this makes it very Inefficient to trade nfts but what blur Has come in and done is aggregated Multiple marketplaces into one which not Only makes it more user-friendly but Also a better trading experience as They've helped integrate multiple Features that help support Traders Optimizing profits and this is something Users of openc have wanted for a while But blur have started from scratch and Designed in my opinion what is a better User experience for the users especially If you're a big Trader of nft so if You're a whale and you're trading a lot Of nfts the distinct advantages blur now Offers makes a lot of sense for you to Go and trade on blur over its
Competitors now they had massive backing To do this with an 11 million dollar Seed round LED by Paradigm helping them Get the funding necessary to develop What is a pretty nice product but it Wasn't just the product that got users On board the majority of its success can Be constituted by the incentives Flywheel that they kick-started with Their airdrop and this is really What's Led blur to be able to attract such a Large percentage of the nft market share And I'll explain exactly how they did This and what went down with the airdrop And how it could not only have an effect On the market but also some other Opportunities in the space but before I Get into that I want to remind you that If you sign up for a new okx account Which is one of the best crypto Exchanges in the link in the description You will get a chance to open a 10 000 Mystery box now you may not get ten Thousand dollars you may win five Dollars ten dollars twenty dollars but If you just sign up and deposit fifty Dollars you are eligible for a mystery Box which could potentially win you up To ten thousand dollars in prizes so if You want to try your luck there's a link In the description and of course it is Also a great exchange to trade on with a Great user experience so essentially What blur did is they wanted to reward
Their most loyal users for using the Platform during the bear market so if You were bidding on collections listing Nfts trading nfts and generally just Interacting with the platform for the Majority of the end of last year but Also the start of this year then you Were in line for an airdrop which was Tiered based on the amount that you use The platform and what's crazy is for Some of the bigger users of the platform They were airdropped crazy sums of 2.48 Million dollars this account even got 10 Million dollars you can see multiple Accounts over the million dollar Mark And we've also seen many smaller Accounts receive 40 50 60 70 000 like I Was seeing tweets on my timeline from You know relatively small traders that Were getting mid five figure air drops Which for their portfolios is absolutely Massive so I don't think we can fade the Potential of airdrops in this market Considering it is a bear market and People are making four five six and even Seven figures off air drops I mean what Happens in a bull market what are the Size of the airdrops then I mean Potentially crazy so I think right now There is a real onus on getting involved In quality airdrops and positioning Yourself for the bull run while you Still can during the bear Market because Products like this although it's hard to
Pick which product is gonna have a big Airdrop ahead of time really just go to Show the power of these airdrops in this Market and of course the strategy worked Because they were able to accrue a huge Amount of users through rewarding people And incentivizing people to actually use The platform now because of the mass Amount of people using the platform what We did see is because all transactions Are denominated in ethereum the ethereum Gas fees absolutely spiked we see it hit A high of 137 gray here now this is Similar to what the gas fees were doing During the middle of the bull run and The thing is things are very different For ethereum now because during the Middle of the Bull Run ethereum was a Proof of work Network it wasn't a proof Of stake Network and its emissions were Significantly higher now that the Emissions have been trimmed what we're Seeing is ethereum kick into Deflationary status and I've been Talking about this on my shows for a While now but it's starting to get more And more and more significant as more Ethereum is being used and of course Blur has been one of the major Contributors to this eath burn which is Getting more significant by the day so Ethereum now becoming significantly Deflationary I mean if this isn't in the Middle of the bear market and the chart
Already looks like this what will this Chart look like in the middle of a bull Market I mean it could potentially be Mind-blowing but it just does go to show Whenever a big application launches the Effect it has on gas and gas burn is Absolutely crazy but the airdrop may not Potentially be over there may still be An opportunity for you to get involved With a blur airdrop because they are Doing season two which is going to be Totally maximized by loyalty so Essentially and this plan is very good By the way because it means that people Are going to be incentivized to use blur Over openc which is obviously what part Of their big strategy is if you list Through blur and if you do it just on Blur itself and not on open C you get Loyalty points and this loyalty ranking Will Bode towards your final airdrop Consideration when the season 2 airdrop Takes place I mean some of the other Ways we've seen people farm for an Airdrop at the moment on blur is via Bidding on collections listing nfts Basically just using the function of the Platform and staying loyal to that Platform instead of using other Platforms and this is one initiative That I think is going to keep a lot of Users on the platform as they anticipate The season 2 airdrop and with blur Around a dollar in terms of market value
This means that another airdrop could be Pretty big the first airdrop was around 360 million dollars the second airdrop Could still come in at a significant Figure with have seen some of the Biggest traders in the space getting Really involved with the blur ecosystem To try and farm for this airdrop so one Very big nft Trader Machi big brother Has already sold 536 nfts on blur Including 342 other Deeds 54 mutant Eight yacht clubs and two bathing AP Yacht clubs in the space of just 24 Hours so the big Traders are really Taking advantage here and look if you're A small Trader it's going to be a lot Harder to qualify for a big airdrop During season two versus some of the Bigger Traders here because obviously There's a lot of heightened interest Around this ecosystem it does become More challenging but there still is Another opportunity which I'm going to Get to in a minute for the smaller Traders that maybe have missed out on The majority of the blur airdrop and we Can see the volume because a lot of People are trying to hunt this airdrop Has significantly increased with almost 11 000 users per day actually using the Platform which is pretty crazy and the Amount of nfts flipping nfts on blur has Gone up 7x since blur was dropped so we Can see an app absolute Spike you're in
Volume and there's Confluence with that Volume in terms of the total rankings For nft marketplaces by user growth with Blur coming in at a plus 87 in the past 30 days for user growth obviously opency Didn't even make this list because it Actually dropped users and we can see a Comparison here between blur's users and Opensees users with blur going through The roof and openc actively dropping off As a lot of people have decided to use Blur so they can Farm an airdrop over Using openc and not only that it's not Just the emissions it's the fact that The blur platform has come in with some Pretty cool unique new features which Openc maybe have put off or just Neglected implementing in the past which Has meant if you get a technology Upgrade in tandem with a big incentive For you to use that upgrade you're gonna Steal some uses for your competitors and Openc now is going to be forced to make Some moves and that is exactly what they Did they essentially declared the start Of a war here because they moved their Fee to zero percent for a limited time So they used to have a forced openc fee On every sale of every nft now that is Zero percent for the foreseeable future And they also decided to follow magic Eden and move to optional Creator Earnings of 0.5 minimum for all Collections without on-chain enforcement
And marketplaces with the same policies Will not be blocked by the operator Filter so essentially they are kind of Pulling out all stops here to try and Dampen some of the damage that's Happened to their user base by dropping Their fees down and declaring war on Blur and I think this is going to have Huge ramifications for the nft Marketplace space in the future Punk 9059 said it was necessary for them to Make this move as they had a 10 share in Most big collections no chance at Success the market actually forced the Move for them most art projects had not Yet made the move to optional royalties Yet would eventually would this would Sting for them now I said that there Would be an opportunity coming off the Back of this war and I think this is it It is the open C token now for a long Time openc has put off coming up with a Token that's been rumors for a while but Since blur launched a token with huge Incentives and stole a lot of market Share there is really a race against the Clock now for openc to do something Drastic and they did hint at this when They announced their zero percent move To creative royalties they also urged Users to stay tuned for more info as we Continue exploring ways to reward our Most loyal users given the fact that These are what look to be tokens on the
Picture they posted as well as them Saying they want to reward the most Loyal users this is an indication to me That they're starting to tease an Airdrop now it's weird in my opinion That they didn't just come out and say Look we're doing an airdrop maybe being More transparent would have been a Better way to approach things but maybe The reason they didn't is because They're maybe in a bit of a Scramble now And didn't have time to piece through All the information or maybe they just Didn't have all the information so they Decided to go with a little hype hint um Behind them potentially doing an airdrop And anyway the market got the message Because people have been talking about This for the last couple days that all Right if open Team potentially has a Token does that mean they're going to Follow a potential model like blur Followed and actually have an air drop To try and steal some users back and in My opinion yeah I think eventually they Will and of course there'll be an Airdrop opportunity on openc if this is The case so in order to get an airdrop I Think you can start positioning yourself Um I wouldn't be too panicky in terms of Starting to ape into nfts on the network And trade because you know you're going To burn a lot of gas fees doing that so I would wait for a little more
Information but if you want to get an Idea of some of the requirements that You could potentially fulfill in order To put yourself in a position to get an Airdrop wrecked fencer did a pretty good Thread which basically outlines the Steps of what it would take to get an Airdrop here this involves buying nfts Bidding under the full price of nfts Listing nfts above the floor price Creating nft Collections and also Tipping creators there's a few ways you Can do this wrecked did a good thread if You want to read this in more depth However it is going to take significant Action from openc to be able to steal Back some of the market share that Blur's stolen and yes a lot of this data Is manipulated the Gap probably isn't as Big as it seems because there's a lot of Wash training and there's a lot of Airdrop Farm coming so if emissions Theoretically stopped who knows if all Of those Traders are going to stay on Blur some very well may go back to openc After it's done but the point is there Is a reason why open C's worried and There's a reason why I think that they Might have to expedite their token and Airdrop plans in order to compete here In terms of the blur token itself it's Not one that I've bought yet I am Waiting for a longer term Um consolidation after maybe we see a
Post airdrop sell-off it hasn't really Happened yet because there's a lot of Hype for the token and obviously we've Had bullish momentum but if we do look At the four year release schedule there Is a significant amount investing to Come and although it's fairly linear as In the cliff isn't too steep there it Still is a significant amount of Emissions and as we know there's three Billion tokens coming and only roughly Half a billion currently and only sub 400 million on the market right now I Don't think there's any need to rush Into a long-term position in blur Although you know it does although it Does become a good token to trade and of Course if you can get your hands on an Airdrop that's always a good thing too By the way if you are going for an Airdrop that means you're going to be Interacting with D5 protocols likely on A metamask wallet so you really should Protect your IP address there to make Sure you're not prone to hacks or your Identity being stolen on chain so the Easiest way to do this would be to sign Up for a VPN you don't need to use my Link I recommend everyone gets a VPN Irrespective of whether you do it Through nordvpn or another service Provider but if you do want to support The channel and use my link there is a 59 discount
Um for you to sign up to a VPN using the Link in the description it's six dollars A month I know other VPN providers are Around the six to seven dollar a month Mark as well which in all honesty paying That amount each month to protect Thousands of dollars worth of capital is Not a crazy restored trade especially When you get offered things like 30 day Money back guarantees so if you don't Like enjoy the product you can always You know turn it in and not really Assume any extra risks so if you do want To sign up for a VPN there's a link in The description I do recommend to keep Yourself safe in D5 or of course you can Sign up to any VPN provider you want but It still is very important at the end of The day day that if you go for airdrops If you're interacting with nfts and You're doing all this stuff on dexes That you do protect your identity with a VPN that's the video it's a full out War There's going to be lots of emissions Both on the blur side and the Open Sea Side and also airdrop opportunities for You guys to get involved with of course On this channel I'll keep you guys Updated with how this evolves I think It's been a very intriguing last week or So in the nft community and even if You're not in the nft community sitting Back from the outside of watching things Unfold has said a lot about crypto and
What the right way to launch a product Is and the wrong way to launch a product Is and there's a lot of information that Other protocols and us as users can Actually take out of this situation so If you enjoyed the show and got some Value from it make sure to smash the Like And subscribe if you're not already Subscribed of course that notification Bell is going to help you be notified Whenever we do go live or upload a video On this channel and until next time I Will see you in the next video peace out Guys Thank you
