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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