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Laura Shin

The Chopping Block: The Inside Story of How Blur Toppled NFT Giant OpenSea - Ep. 459

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Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, it’s time for a case study: Special guest Pacman, founder of Blur, explains how his upstart NFT marketplace fought OpenSea and won.

Show highlights:

what it’s like to launch a token

why Blur was created and what its strategy was for competing with OpenSea

why royalties remain a lightning rod in the NFT community

how Blur designed its liquidity mining program and the lesson learned from failed designs

the reasons why Blur succeeded in the NFT marketplace environment

Pacman’s reaction to OpenSea’s decision to not enforce royalties

why forking the Blur code won’t work for new marketplace competitors

why the NFT market remained strong in the depths of a bear market

why Pacman thinks AMMs for NFTs won’t work

whether the “death of royalties” is good or bad for the ecosystem

Hosts

Haseeb Qureshi, managing partner at Dragonfly

Tarun Chitra, managing partner at Robot Ventures

Robert Leshner, founder of Compound

Tom Schmidt, general partner at Dragonfly

Guest
Pacman, founder of Blur
Twitter
Disclosures
Previous coverage on NFT royalties:

The Chopping Block: Two on Two Debate: NFT Royalty Throwdown!

Are NFT Royalties the Way? How to Build a Sustainable Creator Economy

Links

Dune: Blur VS OpenSea

Blog post: How to earn royalties on Blur

OpenSea’s response

Unchained:

OpenSea Eliminates Marketplace Fee, Makes Creator Royalties Optional

Blur Airdrops 360M Tokens to NFT Traders

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1:09:30
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2023
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