While Blur holds the upper hand in the NFT marketplace, OpenSea's recent gains show that the game is far from over.
The non-fungible token market continues to navigate choppy waters in 2024, with June volumes hitting $300 million — a far cry from January's high of $867 million. This decline reflects broader market trends, with NFTs feeling the pinch as one of the more speculative assets in the crypto ecosystem.
The BLUR token: This provided trading incentives and gave users a stake in the platform's success, fostering a loyal community. This resurgence comes despite OpenSea not having launched a token of its own, which could be fueling speculation that OpenSea will drop its own token.
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