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Blur, the second largest NFT market in terms of volume, has found a practical method of circumventing the Opensea blacklist. For those who are not aware, OpenSea is the undisputed market leader in NFT operations. OpenSea is starting the Operator Filter Registry in November 2022.
Due to OpenSea’s decision not to apply royalties to collections in its own marketplace, developers of new NFT collections are forced to make a trade-off between using mechanisms that block token trading in markets that don’t require them and doing so without, or not using, tools that stop token trading in those markets.
It’s difficult for makers to make a decision, given that the majority of NFT trading takes place on OpenSea. However, it is true that by using this program, content creators lose the possibility of gaining more visibility in marketplaces such as LooksRare, SudoSwap and Blur. None of these are interested in enforcing royalties. Blur includes the Ports market protocol, which is free to use and helps avoid being blacklisted, especially for scenarios like this. This particular protocol was reportedly introduced by OpenSea itself at some point in the previous year.
By leveraging Seaport, Blur users are allowed to create a list of NFTs that have applied OpenSea filters. However, the fact is that the NFT listing on Blur, with the utilization of the Port protocol, is accompanied by a mandatory royalty fee. In the view of Panda Jackson, who is a pseudonym analyst, Blur has found the answer in terms of new markets for NFTs to fill the void.
With Blur leveraging Seaport, artists can see royalties being collected on Blur and in OpenSea. In the bargain, Blur will gain further volume, while traders will find themselves in the position of having access to NFTs at Blur without being charged trading fees. Everyone concerned happens to be in wait-and-watch mode to see if Blur and OpenSea can come to terms one way or another, ending this fiasco once and for all.
However, as it happened, Blur, from the very beginning, leaned towards the traders. Unlike OpenSea, Blur encourages traders to trade faster and get opportunities to increase their earnings on Blur.
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