The NFT OpenSea Pro trading platform has launched and is ready to regain its status as the leader in NFT trading.
OpenSea, which has for some time had the honour of being the largest NFT platform by trading volume, expects to regain the first place. Currently, Blur is in first place. The latter has achieved this thanks to an attractive rewards programme with low commissions and token rewards that attracted traders and quickly took away OpenSea's market share.
The OpenSea platform is the most popular trading platform with the largest number of traders, and this effect intensified after the OpenSea developers implemented the NFT Gem service aggregator into their Pro platform last April. This allowed customers to make purchases from 170 trading platforms and gain access to advanced tools that matched their automation needs.
Despite this development, Brad Kay, research analyst at The Block, believes it may not be enough to challenge Blur's success. The move to OpenSea may be too expensive for many users: 70% of all Blur business comes from the 1% most active users, while only 20% of OpenSea trade comes from the 1% of the most active.
To stay competitive, OpenSea offers incentives like allowing owners to post NFTs on Pro without charging during the advertising period and providing rewards for NFTs to the first users.