In the dynamic world of non-fungible tokens (NFTs), recent decisions by prominent platforms Blur and OpenSea to remove royalties have sparked a contentious debate. While these changes have brought cheers from traders, they’ve also raised concerns about the long-term health of the NFT ecosystem. The crux of the argument is this: the removal of royalties, while seemingly an opportunity for traders, has inadvertently set the NFT ecosystem back by removing an essential source of liquidity for projects.

The Trader’s Windfall

From the trader’s perspective, the decision to eliminate royalties was a windfall. The removal of the customary 5% fee, among others, meant that they could flip JPEGs for a profit more easily, thereby increasing the appeal of the NFT market. However, this short-term gain for traders may lead to long-term losses for the NFT market as a whole.

The Royalty Lifeline and Its Impact

Royalties have played a pivotal role in supporting and fostering the development of NFT projects. These fees provided a steady stream of income that helped to fund continued innovation and maintain liquidity within these projects. With their removal, many projects that had their business models built around these royalties now face an uncertain future.

 Case Study: The Elementals Drop

A prime example of these challenges is the recent Elementals drop by Azuki. Many collectors expressed shock at the high mint price of 2 ETH in the dutch auction, a cost that was exacerbated by the absence of royalties. This event underscored the paradoxical behavior of collectors, who had celebrated the removal of fees but were unprepared for the subsequent increase in mint prices.

Azuki may have just fumbled their bag.

My uncensored thoughts on the Elementals mint.

(1/19) pic.twitter.com/IFZcVDdyAf

— Kermit (@crypto__kermit) June 26, 2023

The Ripples in the Artistic Realm

The effects of this change extend beyond project developers and traders, reaching into the realm of the artists themselves. While not as directly affected as project creators, artists still face the repercussions of a culture shift within the NFT community. The removal of royalties challenges the ethos of the NFT world, which has always prided itself on directly supporting creators.

The Road Ahead: Potential Outcomes and Solutions

Looking ahead, we can anticipate several potential outcomes. For one, projects may start to reserve a percentage of NFTs in their treasury. As the price of these tokens increases, the projects can then sell their reserved NFTs for profit, creating a new source of income to replace the lost royalties. However, this strategy is not without its own risks and challenges, and it remains to be seen how it will play out in the long run.

• Development of New Pricing Structures The removal of royalties could lead to the evolution of new pricing structures within the NFT market. For instance, artists and creators could start pricing their work higher to compensate for the lack of a recurring income stream. However, this could also result in a higher barrier to entry for new collectors and possibly reduce the overall trading activity.
• Implementation of Tiered Royalty Structures A possible solution could be the introduction of tiered royalty structures, where the royalty percentage varies based on the selling price of the NFT. This could ensure that creators continue to receive royalties, while not placing an excessive burden on traders dealing with lower value NFTs.
• Emergence of New Revenue Models In the absence of royalties, we might see the development of new revenue models for NFT creators. For instance, creators might start offering additional services or products related to their NFTs, such as physical goods, exclusive access to events or content, or even participation in the creative process itself.
• Platform-Specific Royalties Another solution could be for NFT platforms to introduce their own royalty systems, where a percentage of every sale on the platform is distributed among creators. This would need to be balanced carefully to ensure it doesn’t discourage trading activity, but it could offer a way to sustain creators in the absence of direct royalty payments.
• Increased Importance of Initial Sales Without royalties, the initial sale of an NFT becomes even more critical for creators. This could lead to more emphasis on launch events and marketing to maximize the revenue from the initial sale.
• Voluntary Tipping Mechanisms Platforms could introduce voluntary tipping mechanisms, where buyers have the option to give additional funds to the creator of an NFT. This could help foster a culture of direct support for artists and creators, while allowing traders to keep their margins intact.
• Increased Reliance on Third-Party Patronage Artists and creators might become more reliant on third-party patronage or sponsorships, potentially altering the dynamics of the NFT space and leading to a greater commercialization of the sector.

As we navigate this evolving landscape, it is crucial for the community, platform providers, and regulators to work together to address these issues. The health and vibrancy of the NFT ecosystem depend on finding a balance that caters to the interests of all stakeholders, from traders and collectors to artists and project creators. In conclusion, the decision by Blur and OpenSea to remove royalties, while initially hailed as a boon by traders, has had a more complex and far-reaching impact on the NFT ecosystem. It serves as a stark reminder that in the rapidly evolving world of NFTs, short-term gains can sometimes come with long-term costs. As we move forward, the challenge will be to learn from these experiences and work together to create a more sustainable and equitable NFT market.

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Blur has announced BLEND a Buy Now Pay Later (BNPL) is revolutionizing the way we purchase products and services by allowing consumers to buy items using borrowed funds and repay over time. In the world of NFTs, BNPL is also making waves, enabling collectors and investors to buy digital art with borrowed funds. This blog post will discuss how BNPL works in the context of NFTs and provide examples of its potential benefits and pitfalls.

Blend is an innovative lending platform in the NFT space that combines the flexibility of peer-to-peer lending with the fluidity of peer-to-pool lending. This article will explore the benefits and potential risks of this new system, as well as how it compares to other NFT lending models.

Customizable Loan-to-Value in Peer-to-Peer Lending: The main advantage of peer-to-peer lending is the customizable terms and Loan-to-Value (LTV) ratios. Higher LTVs signify higher risk and yield, making it ideal for lenders who are comfortable with risk and have a good understanding of the liquid price of rare NFTs.

The Peer-to-Pool Model: Most people are familiar with the peer-to-pool model from liquidations that occur periodically in BendDAO. This model offers less flexible terms but provides more fluidity for both lenders and borrowers when exiting their positions.

For lenders, they deposit their ETH into a pool, which earns a variable APR, without worrying about offering specific terms. Borrowers can tap into the pool’s liquidity by depositing their NFT into the protocol and borrowing at approximately 50-60% LTV.

Blend’s Innovations: Blend introduces new features to the NFT lending landscape:

1. Perpetual terms with no oracle-based liquidations, preventing forced liquidations due to market price fluctuations.
2. Refinancing via auctions, combining the flexibility of peer-to-peer lending with the fluidity of peer-to-pool lending.

Now, lenders can provide peer-to-peer loans and exit their positions at any time by triggering a refinancing auction. A dutch auction begins at 0% interest and increases up to 1000% to entice other lenders to take over the loan.

If a new lender steps in, they pay off the initial lender and take over the loan at the auction’s final interest rate. If no new lender participates and the borrower fails to pay off the loan within the 30-hour auction, the original lender can claim the collateral.

Implications for Borrowers and Lenders: The new system, along with blur’s likely incentivization of loan offers, presents both benefits and risks for borrowers and lenders. Lenders may need to offer extremely favorable (and risky) terms to compete, while borrowers might capitalize on the best-ever rates, leading to a leverage-fueled NFT run.

However, potential cascading effects could be concerning as first-time lenders may offer dangerously high LTVs without realizing the risks until prices take a turn.

Blend’s innovative approach to NFT lending is both promising and potentially worrisome. While it may facilitate growth in the NFT market, it’s crucial for participants to fully understand the risks involved in borrowing and lending. Before diving into NFT lending to earn extra $BLUR, carefully read the whitepaper and make informed decisions to ensure responsible lending practices.

1/ Introducing Blend: the Peer-to-Peer Perpetual Lending Protocol for NFTs.

Built in collaboration with @danrobinson and @transmissions11 at @paradigm, Blend enables 10x higher yield opportunities than current DeFi protocols and unlocks greater liquidity for NFTs.

Here’s how pic.twitter.com/uOFC6i3LSq

— Blur (@blur_io) May 1, 2023

Buy Now Pay Later Overview

Understanding BNPL for NFTs: When you use BNPL to purchase an NFT, you borrow funds that will be repaid over time, either by using BNPL or by borrowing directly using an NFT you already own. Your borrowed balance accrues interest according to the terms of your loan.

For instance, suppose you borrow 10 ETH at a 0.05% daily interest rate. After a month, your borrow balance will have grown from 10 ETH to 10.15 ETH.

Repayment and Ownership of NFTs: Over time, you may choose to repay your borrow to gain full ownership of the NFT. Alternatively, you can sell the NFT and retain any remaining profit after the borrowed balance is repaid during the sale.

For example, if you sell your NFT for 12 ETH one month after borrowing 10 ETH at a 0.05% daily interest rate, you’ll retain 1.85 ETH, and 10.15 ETH will be used to repay your borrowed balance.

Loan Repayment and Refinancing: In some cases, your lender may require you to repay or refinance your loan. This typically occurs when the floor price of your NFT drops. If the floor price falls too close to the amount you borrowed, the lender may call on your loan.

When this occurs, an automated process initiates to find a new lender for your loan with similar terms as your existing loan. If a new lender isn’t found within 6 hours, you must repay or refinance your loan within 24 hours (ensure you have email notifications enabled to receive alerts).

Repaying from Your Portfolio: You can repay your loan directly from your Portfolio page. Currently, you must repay the full amount of your borrowed balance. However, partial repayments will soon be available, allowing you to extend your loan with new terms.

For example, if you borrowed 10 ETH and the floor price drops to 10.5 ETH, your lender may call your loan. In response, you can repay 1 ETH and extend your loan with a new, lower borrowed balance of 9 ETH.

Automatic Loan Refinancing: If you don’t want to repay your loan, you can refinance it with a new lender. This process occurs automatically based on available loan offers, visible on the Loans tab of the collection page. If loan offers are available, no action is required from you to refinance your loan.

For example, if you borrowed 10 ETH and the floor price drops to 10.5 ETH, your lender may call your loan. If another lender offers a 10 ETH loan at a 50% interest rate, your loan will automatically be refinanced with this new offer.

BNPL for NFTs is an innovative way to finance digital art purchases. However, it’s crucial to understand the potential risks and rewards associated with borrowing funds to buy NFTs. Be sure to thoroughly evaluate your financial situation and the loan terms before taking advantage of BNPL for NFTs.

Objective risks of BLEND and BNPL

1. Financial instability: BNPL services can lead to users taking on more debt than they can handle. This could result in financial difficulties, defaults on loans, and a negative perception of the NFT market, discouraging new entrants.
2. Increased market volatility: The use of borrowed funds to purchase NFTs could amplify price fluctuations, as buyers with leveraged positions may be forced to sell their NFTs when the floor price falls close to their borrowed amounts. This might lead to cascading effects in the market, potentially causing rapid price declines.
3. Inherent risk in loan refinancing: Automatic refinancing of loans with new lenders can expose borrowers to unfavorable loan terms, such as significantly higher interest rates. This might lead to an increase in the number of loan defaults, creating negative sentiment towards NFTs and harming the market’s reputation.
4. Overreliance on floor price: The text relies heavily on the concept of a floor price, which can be volatile and subject to manipulation. This can create additional uncertainty for borrowers and lenders alike, as the floor price might not accurately reflect the true value of the NFTs.
5. Limited repayment options: Currently, borrowers must repay the full amount of their borrowed balance, which might lead to difficulties in managing their financial obligations. This inflexibility can deter potential users from adopting NFTs.
6. Lack of transparency and regulation: The BNPL service described in the text seems to lack clear regulations and oversight, which can lead to predatory lending practices or market manipulation. This can hinder the trust of potential users and slow down NFT adoption.
7. Potential illegality: The BNPL service may operate in a legal grey area or even be considered illegal in certain jurisdictions, depending on the specific lending practices and the regulatory environment. Operating an unregulated or illegal lending service can expose both borrowers and lenders to legal consequences, further damaging the reputation of the NFT market and discouraging new participants.

The BNPL service for NFTs presented multiple risks that could negatively impact NFT adoption and growth. It could contribute to financial instability, increase market volatility, expose borrowers to unfavorable loan terms, rely too heavily on floor prices, offer limited repayment options, lack transparency and regulation, and potentially even be illegal.

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BLUR has become popular enough for hackers to exploit

Earlier this morning, Pocket Universe, a web3 security company, issued a warning to users regarding the theft of NFTs through the use of “Blur signatures.” In some instances, scammers have been able to drain wallets of NFTs by making a spoofed signature request that appears to be from Blur. The scam involves tricking users into signing a listing that sells their NFTs for 0 ETH. The threat is further compounded by Blur’s unreadable bulk listing messages, which make it harder to identify malicious requests from the marketplace. However, users can recognize these fraudulent requests by verifying the source of the signature request, as shown in Pocket Universe’s example, where the requester was an “airdrop” website and not Blur. Pocket Universe has recently released an update that includes added protection against this exploit.

BLUR Enters the big leagues

It’s worth noting that Blur is a popular alternative to OpenSea, one of the largest NFT marketplaces. Blur boasts low transaction fees and a user-friendly interface, making it an attractive option for NFT traders and collectors. While OpenSea remains the dominant player in the NFT market, alternative marketplaces like Blur are gaining traction, offering users more options and potentially increasing competition. However, as with any platform, it’s important for users to exercise caution and stay vigilant against potential scams and security threats, as seen in the case of the Blur signature scam highlighted by Pocket Universe.

What is Pocket Universe

Pocket Universe is an excellent tool for those who want to take extra precautions and ensure they are transacting safely in the online world. As a web3 security company, Pocket Universe specializes in providing solutions and tools to help protect users against scams, hacks, and other security threats in the world of blockchain and cryptocurrencies. By providing timely warnings and updates about potential scams and vulnerabilities, such as the recent Blur signature scam, Pocket Universe helps users stay informed and make informed decisions about their transactions. Furthermore, the company’s recent update that includes added protection against this exploit demonstrates their commitment to constantly improving and staying ahead of potential threats. For anyone looking to transact safely and securely in the world of NFTs and cryptocurrencies, Pocket Universe is an essential tool to have in their arsenal.

This drainer website tricks you into signing a listing that sells your NFTs for 0ETH in return. pic.twitter.com/vzjJgj3LKV

— Pocket Universe (@PocketUniverseZ) March 14, 2023

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OpenSea, one of the largest NFT marketplaces, has announced several big changes to its platform. In a blog post, the company shared its plans to reduce its fees to 0% for a limited time, move to an optional creator earnings model, and update the operator filter to allow sales using NFT marketplaces with the same policies.

The announcement comes as there has been a massive shift in the NFT ecosystem. OpenSea has been working to defend creator earnings on all collections when others didn’t, and when the Operator Filter was introduced, it was their belief that on-chain enforcement was the best way for creators to secure their revenue stream from the ongoing resale of their work.

However, recent events have proven that OpenSea’s attempts to catalyze widespread enforcement of creator earnings are not working. Today, around 80% of total ecosystem volume does not pay full creator earnings, and the majority of volume has moved to a zero-fee environment.

As a result, OpenSea is moving to a different fee structure that reflects the needs of today’s ecosystem. They are dropping their OpenSea fee to 0% for a promotional period of time and moving to a minimum 0.5% creator earnings model, with the option for sellers to pay more. This applies to all collections that do not use on-chain enforcement, both old and new.

In addition, they are updating the operator filter to allow sales using NFT marketplaces with the same policies. This means that creators won’t have to make the false choice between receiving earnings on OpenSea or other platforms such as Blur.

This is a significant change for OpenSea and the NFT ecosystem as a whole. The company is excited to test this new model and find the right balance of incentives and motivations for all ecosystem participants – creators, collectors, and power buyers and sellers. OpenSea is committed to continuing to explore ways to reward their most loyal users.

OpenSea’s changes demonstrate the fast-paced nature of the NFT industry and the importance of staying adaptable to change. It will be interesting to see how these changes impact the market and whether other platforms will follow suit.

The Impact Of Blur

It’s important to note that OpenSea’s changes are a direct response to the market share being stolen by other NFT marketplaces, including Blur. The company’s announcement acknowledges that recent events have accelerated a shift in the NFT ecosystem, and they are adjusting their platform to reflect these changes. While it remains to be seen how successful these changes will be, it’s clear that OpenSea recognizes the need to stay competitive and adapt to the shifting landscape. This may indicate that OpenSea’s time as the dominant player in the NFT marketplace has come to an end, as other platforms gain traction and offer alternative solutions for creators and buyers. However, only time will tell how the market will evolve and which platforms will emerge as leaders in the industry.

We’re making some big changes today:
1) OpenSea fee → 0% for a limited time
2) Moving to optional creator earnings (0.5% min) for all collections without on-chain enforcement (old & new)
3) Marketplaces with the same policies will not be blocked by the operator filter

— OpenSea (@opensea) February 17, 2023

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The rise of non-fungible tokens (NFTs) has been a major trend in the blockchain world in recent years. With their unique characteristics that make them ideal for digital art, collectibles, and other unique items, NFTs have captured the attention of investors, artists, and collectors alike.

One of the key players in the NFT ecosystem has been OpenSea, the largest NFT marketplace in terms of trading volume and sales. However, a new challenger has emerged in the form of Blur, a zero-fee NFT marketplace that is quickly gaining traction in the NFT space.

On Wednesday, Feb. 15, According to Nansen, Blur surpassed OpenSea in daily Ethereum trading volume for the first time, according to data analytics platform Nansen.ai. The trading volume on Blur’s marketplace stood at 6,602 ether (ETH) while OpenSea’s trading volume stood at 5,649 ETH. This surge in trading volume followed Blur’s release of a native token the day before, which helped push the competition between the two NFT marketplaces to a new level.

Competition persists

It’s worth noting that the NFT market is still young, and it’s not the first time that a challenger has emerged to give OpenSea a run for its money. In the past, Rarible and Nifty Gateway have both surpassed OpenSea in certain metrics, only to be overtaken again. The lesson here is that innovation is moving quickly in the NFT space, and it’s possible for a smaller player to gain a foothold and compete with larger platforms.

However, as the NFT market continues to grow, so does the scrutiny from regulators. The rise of NFTs has already caught the attention of government agencies, and it’s likely that we’ll see increased regulation in the space. As companies grow and reach a certain size, they may find themselves subject to more stringent regulations that could limit their ability to innovate.

OPENSEA STILL AHEAD

Despite this milestone, OpenSea is still the dominant player in the NFT space in terms of weekly trading volume and number of sales and wallets. OpenSea’s weekly volume is several times higher than Blur’s weekly volume, and the number of sales and wallets on OpenSea is still greater than on Blur. However, the gap between the two marketplaces in terms of these metrics has been closing, and as of Wednesday, the number of sales on OpenSea was only 1.63 times greater than Blur’s total number of sales, while the number of wallets interacting with OpenSea is now only twice as great as those interacting with Blur.

What does this mean for the future of the NFT ecosystem? It’s clear that there is a growing appetite for NFTs, and the rise of Blur shows that there is still room for innovation and new players in the space. The fact that Blur was able to surpass OpenSea in daily trading volume in such a short time is a testament to the potential of this new marketplace.

The rise of Blur and the competition between the two largest NFT marketplaces is a sign of the growing interest in NFTs and the potential for new players to emerge in the space. However, it’s important to keep in mind that the NFT ecosystem is still in its early stages, and there is much that we have yet to figure out. As the industry continues to evolve, it will be exciting to see how it develops and how new innovations will shape the future of the NFT space.

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Blur has recently emerged as a contender in the NFT marketplace scene, offering a platform that has been gaining popularity among creators and collectors. This new marketplace has been making waves due to its innovative features and community-driven approach. One of the reasons for its success is the fact that Blur has been able to address a key concern that many creators have – earning full royalties on multiple platforms. Unlike Opensea, Blur enables creators to earn full royalties everywhere, and they have even airdropped a new token to welcome creators into their community. In this article, we’ll take a closer look at how Blur is shaking up the NFT marketplace industry and providing an exciting alternative to Opensea.

Blur is working to maximize royalties for these collections by increasing minimum royalties while maintaining price competitiveness. Maintaining price competitiveness is critical to prevent traders from shifting to fully zero royalty marketplaces. To that end, Blur has started enforcing a minimum royalty of 0.5% on collections without filters. The goal is to increase the minimum royalty over time.

Are you a creator looking to earn full royalties on both OpenSea and Blur? Unfortunately, OpenSea’s current royalty policy prevents collections from being able to earn royalties on both platforms simultaneously. But Blur is here to help.

Blur is a marketplace driven by the community, and they want to ensure that creators can earn full royalties everywhere. They have even airdropped $BLUR to Creators in their Season 1 airdrop to welcome them into the community. In this article, we’ll explore the options available to Creators and how Blur can enable full royalty enforcement on both OpenSea and Blur.

Blur Makes Waves with their 4 recommended outputs

You can read their blog here.

• Option 1 is to not block any platforms. New collections without filters are maximally decentralized, but at the same time, they do not have the ability to block zero or optional royalty marketplaces. OpenSea sets royalties to optional on these collections, while Blur enforces a minimum 0.5% royalties (with the seller able to opt-in to higher royalties as well).
• Option 2 is to block Blur. OpenSea does not set optional royalties when collections filter marketplaces on their blocklist, which includes Blur. However, this option disables bidding on Blur, which provides floor support, increased volume, and royalty revenue for creators. Disabling bids does not improve a creator’s ability to earn royalties. It only harms it.
• Option 3 is Blur’s recommended option – to block OpenSea. Creators should be able to earn royalties on all marketplaces that they whitelist, rather than being forced to choose. To encourage this, Blur enforces full royalties on collections that block trading on OpenSea. Creators who implement this option will be eligible to receive Season 2 rewards.
• Option 4 is to not block either platform. Creators that whitelist both OpenSea and Blur should be able to earn royalties on both platforms. Today, OpenSea automatically sets royalties to optional when they detect trading on Blur. Blur would like to encourage OpenSea to stop this policy, so that new collections can earn royalties everywhere.

Blur is working to maximize royalties for collections without filters by increasing minimum royalties while maintaining price competitiveness. They have started enforcing a minimum royalty of 0.5% on collections without filters and plan to increase the minimum royalty over time.

OpenSea’s policy benefits their business by having creators block Blur. However, Blur believes that OpenSea wants to do right by creators too and invites them to collaborate on enabling full royalties on new collections and exploring solutions for all collections, with or without filters.

So, if you’re a creator looking to earn full royalties on both OpenSea and Blur, consider implementing Blur’s recommended option of blocking OpenSea. Not only will you be able to earn royalties on both platforms, but you’ll also be eligible for Season 2 rewards. And if you’re looking to get featured on Blur, reach out to them to be featured on their homepage, Twitter, and Discord for your upcoming launches.

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Hot off the press! The highly anticipated $BLUR airdrop is finally live, but there’s a catch: US traders must certify that they are not a US person before claiming their share. It’s a bummer for many US citizens who were eagerly waiting to take part in the airdrop, but alas, “Airdrop.Blur.Foundation Is Not Available In Your Location.”

Don’t despair just yet, though – some users have found a way to work around the issue with a VPN. However, be warned that certifying that you’re not a US person could potentially create tax liabilities. So proceed with caution and do your due diligence before taking any risks.

Why does this matter, you ask? The $BLUR airdrop has been talked about as a potential injection of stimulus, similar to the $ENS and $SOS airdrops from late last year. Unfortunately, the inability to claim $BLUR in the US – without a workaround – is sure to put a damper on what was expected to be a widely anticipated airdrop.

On a positive note, nearly 150,000 users have already traded $1.2 billion worth of NFTs on Blur (excluding wash trading, according to Blur), and the platform boasts a 46% market share. It will be exciting to see how the platform continues to grow and evolve.

So, Blur users, mark your calendars – you have 60 days to reveal and claim your share of the $BLUR airdrop. And keep an eye out for Season 2, which begins now, with bidding and listing points doubled for the next 30 days until 3/14. It’s going to be a wild ride!

Last season, collectors who participated in similar airdrops saw an immediate benefit from flipping the tokens and using the resulting stimulus to purchase NFTs. And with the $BLUR airdrop now live, many traders were eagerly anticipating similar gains.

It seems that since the $BLUR drop, many blue-chip NFTs, including Azuki and MAYC, have been on the move and are up dramatically. This is exciting news for those who were lucky enough to claim their $BLUR tokens and are looking to invest in the NFT space.

With all the action happening in the NFT world, it’s an exciting time to be a collector. Don’t miss out on the opportunity to be a part of the action – claim your $BLUR tokens.

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Yesterday, Blur made a surprising move by bypassing OpenSea’s blocklist by creating a new exchange system on OpenSea’s Seaport protocol. This means that the projects that were previously blocked by OpenSea are now trading on Blur (such as Sewer Passes and Valhalla), giving Blur a 10% marketshare in these projects. Blur has currently enabled royalties for these projects, but they can choose to turn them off. This marks the start of a marketshare competition between Blur and OpenSea.

OpenSea and Blur are two of the leading NFT marketplaces in the industry. Three months ago, OpenSea took measures to defend against Blur by implementing a blocklist, which required new collections to block Blur in order to receive enforced royalties. Despite attempts by Blur to remove itself from the blocklist, they were unsuccessful. However, three days ago, Blur found a way to bypass the blocklist by taking advantage of OpenSea’s Seaport protocol. As a result, all collections are now accessible for trading on Blur. Creators now receive full royalties on both OpenSea and Blur, making it possible for them to reach a wider audience and potentially increase their earnings.

Seaport is a marketplace contract for safely and efficiently creating and fulfilling orders for ERC721 and ERC1155 items. Each order contains an arbitrary number of items that the offerer is willing to give (the “offer”) along with an arbitrary number of items that must be received along with their respective receivers (the “consideration”).

This was revealed in much greated detail by Panda Jackson in a twitter thread.  You can see all the details here.

BREAKING: Blur just made a game-changing move to bypass OpenSea's blocklist control

As stated in airdrop announcement, Blur is trying new things for an unprecedented launch.

Here's how they did it & the impact their move will have on the NFT market, esp. for creators&traders pic.twitter.com/19aLLMRfKg

— Panda Jackson (@pandajackson42) January 30, 2023

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