A look at decentralized OpenSea competitors
Quick Take
- Capitalizing on users’ growing discontent with OpenSea, a new cohort of decentralized NFT marketplaces originated with the goal of dethroning OpenSea
- With liquidity being the lifeblood of an NFT marketplace, these competitors cultivated ingenious liquidity incentive designs
- The relative trading volume of most competitors is still dwarfed by OpenSea, with LooksRare emerging as the only potential threat so far
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Author: Thomas Bialek
