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Cryptocurrency News Articles
rgence of Blur that the NFT market has undergone tremendous changes. The market has shifted from the previous focus on "blue-chip NFTs" to the current focus on "new NFTs". The reason is that Blur's transaction fee rate is 0, and the platform only char
Feb 19, 2025 at 08:05 am
the NFT market was dominated by "blue-chip NFTs", and the market was relatively stable. But now the market is dominated by "new NFTs", and the market has become more volatile. This is because new NFT projects are often issued without any basic面, and the price is炒作output title: OpenSea finally issues coins, the NFT market格局output description: OpenSea is finally going to issue a coin. If it were three years ago, this would definitely be a much-anticipated carnival in the cryptocurrency circle. However, things are different now. Today's cryptocurrency circle is dominated by MemeCoin, and NFT has long been "outdated".
Blur's good performance that everyone is paying more and more attention to the NFT trading platform track. According to Footprint Analytics data, in the past 30 days, Opensea's market share has dropped sharply from 95% in December 2021 to 29%.
In addition to the impact on OpenSea, Blur's emergence has also brought about a wave of changes in the entire NFT field.
First of all, everyone realized that the NFT trading platform can still be played like this, and the transaction-centric UI design is indeed much more convenient than the previous NFT trading platform. Secondly, everyone realized that the airdrop model of the NFT trading platform is indeed very effective in attracting traffic, and it can quickly occupy a place in the fiercely competitive NFT trading platform track. Finally, everyone realized that the first-mover advantage of the NFT trading platform is not as strong as everyone imagined. As long as there is a better product and gameplay, it is possible to quickly surpass the existing NFT trading platform.
In fact, the emergence of Blur is not an isolated phenomenon. In the past year, whether it is the launch of Seaport by Paradigm or the launch of Sudoswap, a decentralized NFT exchange, there have been many attempts to challenge OpenSea. However, due to various factors, these projects did not achieve the expected results in the end. Only Blur finally succeeded in dethroning OpenSea.
As the No. 1 NFT trading platform changed hands, everyone began to wonder what would happen to OpenSea next?
OpenSea, which once planned to go public, finally chose to issue coins
After Blur announced that it would conduct an airdrop, many people began to speculate whether OpenSea would also issue coins. After all, if a large number of users are lost due to the airdrop of the NFT trading platform, it will be difficult for OpenSea to maintain its leading position in the future.
However, OpenSea did not respond to this matter for a long time, and everyone's expectations gradually decreased. Until February 13 this year, OpenSea finally announced the launch of the OS2 public beta version on X, and will launch the platform token SEA, and hinted that it will conduct an airdrop. Although the specific timetable and details have not yet been announced, this announcement has undoubtedly touched the hearts of many old players in the cryptocurrency circle. In just one hour, the number of comments and reposts on the tweet has exceeded 1,000, and the community discussion has soared.
OpenSea CEO Devin Finzer also tweeted to emphasize that "OS2, which is being launched, is not just a new product, and SEA is not just a token, but a brand new OpenSea built from scratch." There have also been some rumors that the new version of OpenSea will refer to Blur's transaction-centric UI.
After the news was announced, the price of APE rose by more than 15% within 24 hours. Many people speculated that this was related to the upcoming OpenSea airdrop. After all, Yuga Labs is also a shareholder of OpenSea, and it is very likely that a large amount of airdrops will be allocated to Yuga Labs. At present, the specific airdrop rules have not yet been announced, and everyone is still waiting for follow-up news.
But having said that, the emergence of Blur has indeed brought a lot of pressure on OpenSea. After losing a large number of users due to the airdrop of the NFT trading platform, it is difficult for OpenSea to maintain its leading position in the future. Therefore, OpenSea had to choose to issue coins in the end, but it was too late.output: As the largest NFT (non-fungible token) trading platform in the world, Opensea has finally waited for the arrival of the trend. Data shows that in March 2021, the transaction volume on Opensea exceeded the $100 million mark for the first time, exceeded $300 million in July, and in August the figure increased by more than 10 times month-on-month to $3.44 billion. It was also in March that Opensea completed a round of financing of $23 million led by a16z, and many angel investors including Mark Cuban also participated in this round of investment.
Although NFT has actually started to develop rapidly since the beginning of 2021, the floor price of the CryptoPunks series of NFTs has also increased from single-digit ETH at the beginning of the year to more than 10 to 20 ETH in the middle of the year. However, the main narrative of the market in the first half of 2021 was still centered around DeFi, and everyone's attention had not yet completely shifted to NFT. The reason for this is that in addition to the rising popularity of DeFi, there are no targets and
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- Mar 13, 2025 at 10:50 am
- JASMY has shown notable price movements, with analysts drawing comparisons to previous breakout cycles. Top analyst Javon Marks noted on X that the token previously experienced a 500% price surge following a breakout
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- Governments Worldwide Are Increasing Their Participation in the Cryptocurrency Sector Following the Establishment of the U.S. Strategic Bitcoin Reserve.
- Mar 13, 2025 at 10:45 am
- Coinbase CEO Brian Armstrong has stated that more government institutions are showing interest in digital assets, with a growing number engaging in trading, custody, and blockchain applications.
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- The U.S. Securities and Exchange Commission (SEC) postponed decisions on several crypto exchange-traded funds (ETFs), citing the ongoing transition in leadership.
- Mar 13, 2025 at 10:45 am
- The agency delayed proposals for Litecoin, Dogecoin, Solana, and XRP ETFs, as well as rule changes related to staking in Ethereum ETFs and options trading on Fidelity's Ether fund.
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- A crypto trader fell victim to a sandwich attack while making a $220,764 stablecoin transfer on March 12
- Mar 13, 2025 at 10:45 am
- A crypto trader fell victim to a sandwich attack while making a $220,764 stablecoin transfer on March 12 — losing almost 98% of its value to a Maximum Extractable Value (MEV) bot.