Sad news, ladies and gentlemen! The trouble came from where they did not expect. Although for some, at first glance, this may seem positive.
OpenSea temporarily cancels commissions for trading on their platform. Previously, the commission was 2,5%. And the minimum royalty value will now be at the level of 0,5%. The reason for this decision was the competition with NFT aggregators, in particular Blur, which we recently wrote.
Why sad and what could be the consequences of this decision? And the most serious and catastrophic. The creators of collections (content) will suffer first of all. Game projects that do not have their own marketplaces will be forced to change their just-established business model, as it was tied to royalties and user retention. Free mints almost lose their meaning. In addition, it is unlikely that anyone will be interested in working on NFT retention in collections, which web3 is so famous for, if it does not bring money. There are no IAPs in regular collections. There is even a possibility that there will be fewer collections, and mint will become more expensive.
It is difficult to say who will benefit from this. NFT traders? And what will they be trading in a year? Old collections? Blue chips may allow their own nascent ecosystems to create their own marketplaces.
Of course, there is hope that someone will rush in and offer the creators favorable conditions, but the OS decision is rather ambiguous. After all, work in the interests of the creators was one of the key features declared by the team, and here is such a twist.
In addition, now nothing prevents Blur from carrying out vampire attacks on the OS audience and taking market share again.
OS hastily even hinted at a potential airdrop if they issue their token. Such a big stir was caused by the recent Blur airdrop and the fact that opensea lost leadership in terms of trading volumes. (But not in terms of the number of traders, only in terms of trading volumes, against the backdrop of a falling number of unique NFT traders).
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