After some comings and goings last year, the popular market Open sea he finally took his stance on the ongoing NFT royalty debate and put in place some tools to enforce it. One of them was their block list which essentially allowed users to prevent any marketplace that did not honor royalties from listing their assets. However, it seems that this tool is not entirely foolproof as Blur, an NFT marketplace aggregator, has been able to find a loophole in OpenSea’s blocklist system.
How Blur beat OpenSea
Interestingly, Blur was able to bypass OpenSea’s blocklist by leveraging Seaport, a Web3 marketplace tool that OpenSea released in June 2023. The rules that apply to OpenSea regarding royalties do not yet apply to Seaport, so Blur was able to list their assets without breaking the rules.
This simple but effective loophole has allowed Blur to gain an advantage over OpenSea even while it is still on the block list, and this appears to be part of some new development on Blur’s part. According to a recent market announcement ahead of the launch of its native $BLUR token, it is trying to break new ground in the industry.
$BLUR will be released on February 14
We know this is past our initial estimate for January and we are sorry for the delay. We’re trying new things and the extra two weeks will allow us to do a release that hasn’t been done before. Airdrop 3 will continue until then. pic.twitter.com/ZzSyGzjZJD
– Blur (@blur_io) January 19, 2023
So far, OpenSea has not responded to this development.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has been featured on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
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