1. SipPop GamesHome
  2. Metaverse Matters

Blur Overtakes OpenSea as the Largest NFT Market

• Metaverse Matters • 135 views

On February 22, Delphi Digital, an encryption research institute, posted a social media analysis that Blur surpassed OpenSea to become the largest NFT market a…

Blur Overtakes OpenSea as the Largest NFT Market

On February 22, Delphi Digital, an encryption research institute, posted a social media analysis that Blur surpassed OpenSea to become the largest NFT market at present. It pointed out that the average price of NFT on the Blur platform was as high as $1365, while OpenSea was only $351, nearly four times the latter. However, in terms of the number of users, OpenSea still has an advantage. At present, Blur’s market share of trading users is only 30%.

Delphi Digital: The average price of Blur platform NFT is $1365, nearly four times that of OpenSea

Interpret the above information:


Delphi Digital, a well-renowned encryption research institute, published an analysis on February 22, 2021, indicating that Blur had surpassed OpenSea as the largest NFT market currently available. The report highlighted that Blur’s platform had an average NFT price of $1365, which was approximately four times higher than OpenSea’s average of $351. These figures indicate that Blur is in a position to offer more high-end NFTs compared to OpenSea.

Despite Blur’s high market value, OpenSea still retains an advantage in the number of users it has. According to Delphi Digital, Blur’s market share of trading users stands at only 30% in comparison to OpenSea’s more significant share. This level of market share is a clear indication of the size of the market OpenSea holds over NFT trading.

It is essential to note that NFTs are digital certificates of authenticity, indicating the ownership and uniqueness of a digital asset such as art, music, or videos, among other things. The sudden rise in popularity of NFT can be attributed to people looking for unique ways to collect valuable digital content securely. These blockchain-based tokens make it possible for investors and collectors to verify and track the authenticity of digital assets.

The growth of NFT trading comes with several upsides for investors, including the potential to earn high profits in the short term, as the value of NFTs rises with bidding wars. Additionally, NFTs offer fans closer connections to their favorite artists, musicians, and athletes as they can easily purchase a unique piece of work from them directly.

In conclusion, the analysis provided by Delphi Digital indicates that the NFT market is expanding, and Blur has taken the lead in offering high-end NFTs, while OpenSea has retained its market share of trading users despite competition. The NFT market, without a doubt, shows great potential for growth, as more people become interested in collecting rare, exclusive, and unique digital assets.

Keywords:
NFT – digital certificates of authenticity
Blur – the largest NFT market
OpenSea – biggest market share
Market share – Blur vs. OpenSea
User base – OpenSea outnumber Blur users

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/2269.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/22/2023 03:49
Next 02/22/2023 03:59

Related recommendations