Dear Bankless Nation, Last week, we watched gas fees skyrocket on Ethereum Mainnet. The last time fees became prohibitively high was during Yuga Labs’ Otherside metaverse launch. This time? The high fees and dense activity can be attributed to the airdrop provided by the NFT marketplace Blur. This draws attention to the fact that OpenSea is no longer the premier NFT marketplace; competitors are not only driving traffic away from OpenSea, they’re creating a very real threat to the position OpenSea carries in the NFT space entirely. This suggests the NFT space is approaching the next stage in its maturity and evolution.
The idea of one marketplace incentivizing users to not use another marketplace seems so antithetical to the whole idea of decentralization, interoperability, etc.
But I guess if there is no pushback that's the ecosystem we deserve.