THE RISE AND FALL OF OPENSEA

Summary from the TLDR Crypto newsletter

This thread details the rise and fall of OpenSea, once valued at $13.3 billion. The NFT market has been brutal, especially with the entrance of a fast-moving competitor, Blur, onto the scene. Blur focused on features that would attract professional traders, who make up a majority of the transaction volume in the NFT ecosystem. OpenSea has raised hundreds of millions in funds and is seeing dwindling volumes - its future seems to be more questionable now than ever before.