Yesterday, Blur, the NFT marketplace, finally allowed its users to redeem care packages in exchange for $BLUR, the platform’s native token. The event was highly anticipated and resulted in a significant market surge over the last month, with the royalties-optional marketplace securing over $430 million in trading volume in the last 30 days. Several top traders raked in more than $1 million worth of tokens. According to DappRadar’s data, Blur’s 24-hour trading volume was approximately $9.5 million, putting it second only to OpenSea, whose trading volume was approximately $12 million.
Now, it appears that Blur is engaging in a new chapter of the Web3 royalty wars with OpenSea. In a blog post published on February 15th, the Blur team advised its users to block OpenSea’s NFT marketplace because creators currently cannot earn full royalties on both Blur and OpenSea. Instead, they have to select one platform to receive full royalties from. OpenSea automatically sets royalties to optional when they detect trading on Blur, which they say is a policy to protect creators and their own bottom line.
BREAKING: Blur declared marketplace WAR by enforcing royalties on collections that block Opensea trading LMFAOOOOOOO pic.twitter.com/dOn98fhTHo
— ThreadGuy 👑 (@notthreadguy) February 15, 2023
According to their post, “OpenSea has mainly pointed to Blur’s policy on old collections that don’t have filters as the reason why new collections should still be filtered by Blur. However, their proposed solution has significant flaws… that’s why Blur has adopted a different approach that has a higher likelihood of resolving the issue permanently.”
The reaction to the post was quick, with numerous members of the Web3 community taking to Twitter and discussing a new chapter in the royalty wars. It’s yet to be determined who will emerge victorious in this battle. But one thing is certain at the moment — creators are stuck in the middle.