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