Despite its recent success, the journey for Blur to become the biggest NFT marketplace is far from over, and evaluating its current and future success is a complex matter.
NFT marketplaces are currently embroiled in fierce competition for customers, with companies lowering their fees and royalties to entice and keep users. This competition has resulted in the gradual weakening of royalty fees, a crucial revenue source for many NFT creators who feel abandoned by the marketplaces that once supported them. This “race to the bottom” is causing significant disruption to the entire NFT ecosystem.
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