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Daily Brief

The Tools of the NFT Trade

The Bankless Guides to Blur and OpenSea.
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Jul 28, 2023 • 2 min read

Dear Bankless Nation,

It's been a turbulent season for the NFT markets, but despite a general slowdown in volumes, there's still plenty of attention riding on competition between the sector's marketplace kingpins.

Today, we're sharing Bankless Guides to the Blur and OpenSea marketplaces. Click through below to learn 🫡

- Bankless team

The Bankless Guide to Blur

Blur is an NFT marketplace aggregator that allows users to access multiple NFT marketplaces from a single platform.

It simplifies the process of buying and selling NFTs by providing a unified interface for various marketplaces. This means that users can browse, buy, sell, and trade NFTs from different platforms without having to navigate through multiple websites or interfaces. The platform also just announced its V2 system, which offers new advantages like cheaper trades and the ability to bid on NFTs with specific traits.

Blur also offers additional features such as Blend, a new type of NFT lending protocol. Allowing users to borrow ETH against their NFTs, Blend has no oracle dependencies and no expiries, meaning borrow positions remain open indefinitely until paid back or liquidated, with interest rates determined by the market.

Read on for a detailed history, token breakdown and steps to getting onboarded!


The Bankless Guide to OpenSea

OpenSea is a leading peer-to-peer marketplace for buying, selling, and exploring digital assets known as non-fungible tokens (NFTs). It's often described as the "eBay of NFTs.”

Founded in 2017, OpenSea provides a platform where anyone can discover, purchase, and sell NFTs. These digital assets can represent ownership of a wide variety of items, including digital art, virtual real estate, game assets, collectibles, and more.

OpenSea operates not only on the Ethereum blockchain but on a range of additional networks like Arbitrum, Optimism, Polygon, and Solana, among others. Its user-friendly interface makes it accessible to both beginners and experienced users and offers advanced search filters and detailed information about each project and NFT.

OpenSea has grown rapidly since its inception and now boasts millions of assets listed and a thriving community of creators and collectors. It has played a significant role in the NFT boom, providing a platform where creators can monetize their work and buyers can invest in digital assets.

Read on for a detailed history and steps to creating your first NFT!

THANKS TO UNISWAP

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Action steps

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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