Blur, the second largest NFT marketplace by volume, has bypassed a blacklist from OpenSea, the leading NFT marketplace, by integrating Seaport Protocol. The OpenSea operator filter registry was launched last November. It gave creators the option of using the tool, which locked their tokens from non-royalty-paying marketplaces, or not applying the royalties in OpenSea. Blur now uses the Seaport Protocol to provide access to blacklisted NFTs, while also applying royalty fees.
Image Credit: Blur
How did Blur use the Seaport protocol to bypass the OpenSea blocklist?
Blur used the Seaport Protocol, which OpenSea released last year, to bypass OpenSea’s blacklist. Using Seaport, Blur users can now list NFTs that have implemented OpenSea filters, including mandatory royalty fees. Since both markets are based on the same protocol, banning Blur would consequently ban OpenSea.
This move was brought to light by Twitter analyst Panda Jackson and has had a significant impact on NFT followers. Enforcing royalties on both NFT marketplaces will provide a new level of income for NFT creators and traders. It also opens up a new opportunity for a new NFT market to enter the space and compete with the current leaders.
In the short term, this Blur move is seen as a win-win for all parties involved. NFT creators will see their royalties work on both Blur and OpenSea, while Blur will benefit from the additional volume. Traders will be able to access newly listed NFTs on Blur, which does not charge any trading fees, unlike OpenSea.
While OpenSea may lose some trading fees, it gains a significant user of Seaport, which Panda Jackson believes may be even better in the future. This broader application of royalties may also attract more creators into the NFT space, which would help both NFT platforms grow.
What is port protocol?
Seaport is a free market protocol that allows users to list NFTs that have implemented OpenSea filters. NFTs listed on Seaport include mandatory royalty fees. Opensea launched the Seaport Protocol last year, making Blur’s genius solution a shocking moment for the NFT community. Considering that both NFT markets are based on the same protocol, this is actually good news for Opensea. Additional users entering the protocol and web3 space help NFT business communities grow together.
Image credit: pandajackson42
Why was Blur blacklisted by OpenSea?
Blur was blacklisted by OpenSea because it did not apply royalties. OpenSea’s operator filter registration pushed creators to choose between royalties or exposure, in a sense.
Blur’s use of the Seaport Protocol is a step towards solving one of the biggest problems in the NFT space. This move will impose royalties on both Blur and OpenSea and will also open doors for new NFT markets. The space benefits from finding solutions to increase NFT volume, trade, and attention. Surely after NFT volumes leaked for wash trading fell roughly four-fifths from their early 2022 highs. Blur’s Seaport Protocol integration may draw more creators into the space, helping both Blur and OpenSea.
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