The Top Rivalry Between Blur and OpenSea: The Battle for NFT Liquidity

The NFT market has returned to rationality in the first quarter of 2023 after experiencing the hype and disillusionment of 2022. From the trading data, the comprehensive NFT trading platform (, mainly focused on PFP, has fully outperformed the art platforms. Before the airdrop on February 15, Blur's trading volume had already surpassed OpenSea, becoming the new darling of the market.

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The function of NFT as a certificate of ownership has long-term value, which will not disappear due to market downturns. NFTs contain both consistency and inconsistency attributes. PFP series NFTs are more suitable as online identities and are more popular than art NFTs. The value of PFP is proportional to community energy, with consistency taking precedence over inconsistency.

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The competition among NFT trading platforms mainly focuses on two aspects: trading experience and liquidity. Blur's trading interface is geared towards professional traders, while OpenSea is more suitable for regular users. However, liquidity is the core value of trading platforms. Blur has significantly improved liquidity through listing and bid mining, which is key to its rapid rise.

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However, Blur's liquidity scheme still has shortcomings. Compared to Uniswap's LP design, Blur's BID lacks sufficient inertia. Once the incentives are removed, the BID wall may collapse rapidly. On the other hand, Blur's liquidity has also accelerated the collapse of some NFT projects.

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The future NFT trading platforms may consider integrating AMM concepts by aggregating rare items and floor items through the front end. In addition, specialization is also an important direction, such as providing richer trading functions and information.

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In the competition with OpenSea, Blur is at a disadvantage. The 0 fee model makes it difficult to generate revenue through charges, nor can it empower its tokens. This "cliff racing" may end with one party collapsing, but other secondary platforms may be eliminated first in the process.

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AMM protocols like Sudoswap still have shortcomings in handling NFT non-consistency, but there is still room for development. In the future, a fusion of P2P and P2Pool models may be needed to better address NFT liquidity issues.

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Although Blur still has many problems, its efforts to improve liquidity in the NFT market have secured its important position in the ecosystem. Sufficient liquidity will lay the foundation for the next stage of development for NFTfi. The competition between Blur and OpenSea is just the beginning of the endless war in NFT finance, and we should continue to pay attention to developments in this field.

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