OpenSea implements 0% fees to win over NFT userbase lost to Blur By Cointelegraph

February 18, 2023 Alex Rustok



Major nonfungible token (NFT) marketplace OpenSea announced a massive structuring around lower platform fees and greater creator earnings as competing marketplaces continue to drain away its once dominant user base.

On Feb. 18, NFT marketplace Blur surpassed OpenSea in daily (ETH) trading volume as users — anticipating greater returns on their NFT investments — are looking for a trading arena that works in their favor, shows Nansen data.

Daily trading volume of major NFT marketplaces. Source: Nansen
OpenSea’s plan of action to counter falling market dominance. Source: OpenSea (via Twitter)