NFT market mountain rain to come: SUDO open transfer; OpenSea vs Blur over royalties

With Blur's emergence and new gameplay, the catfish effect roiled the entire NFT market. From royalties to a "Bid" approach, Blur took on OpenSea, the former NFT champion, which was losing ground. One wave followed another. The NFT Transaction Protocol sudoswap community proposal "Add Transfer Capability for SUDO Token" was approved today (February 19). Currently, SUDO has enabled transfer capability according to on-chain data. Quoted at the time of writing at $3.80.

When The Times abandon you, even the words "goodbye" will not say. It realized that if it didn't change, OpenSea would lose market share.

Under fire, OpenSea finally announced yesterday the launch of a limited-time zero-fee trading campaign, where all NFTS will become adjustable royalties (minimum 0.5%) without on-chain enforcement, and updated carrier filters to allow NFT markets with the same policy to collectively increase market liquidity.   "Since last October, effective transactions and users have shifted to the NFT market, which does not fully execute creator revenue. Despite our best efforts, this shift has accelerated dramatically."

In order to facilitate readers to better follow the latest developments of the NFT market this week, BlockBeats organizes the following information in the text for reading

Blur versus OpenSea. It's gonna be Blur

NFT Market Blur releases Native Token BLUR

On February 15, NFT Marketplace Blur officially launched its native Token BLUR. All traders, Care Package holders and creators on the market in the past 3 months are eligible for airdrops. Users have 60 days to claim the resulting BLUR. A total of 360 million BLUR were issued in this Season 2 airdrop.

"NFT Marketplace Blur updates Royalty Policy, Creators Can't earn Royalties on Blur and OpenSea at the same Time"

On February 16, NFT Marketplace Blur updated its royalty policy to say that creators cannot earn royalties on both Blur and OpenSea, but can only earn all royalties on either OpenSea or Blur separately.

After Splashing Out on Cash, Blur Start a New Royalty Fight

What Opensea did with Blur, they're giving it back. As a leader in this year's NFT market "upswing", Blur has been tipped to match the industry leaders. OpenSea  Break your wrists. During last year's royalty wars in the NFT market, Blur found a way to earn traffic and became part of an optional royalty pool, allowing users to set their royalty rates and encouraging them to pay by offering Token incentives such as airdrops (buyers who set their royalty rates above 0.5% would get more airdrops). With this combination of measures, Blur's market traffic briefly surpassed OpenSea's.

While Blur is enjoying the airdrop season, the iron is hot and Blur is starting a new chapter in the competition for royalties. The day after the Token went live, it released new royalty policies, one of which recommended that NFT creators block Opensea, and that any NFT project that did not use Opensea would be subject to full royalty enforcement on Blur. It is clear that Blur are using the occasion to strike back at their fiercest rivals by carrying on the first leg of the New Year royalty scramble.

OpenSea Announces Zero transaction time Limit and Optional Royalty Service

In a post on social media, OpenSea announced the launch of the limited-time zero transaction campaign, along with the fact that all NFT will become adjustable royalties (minimum 0.5%) without on-chain enforcement, and updated carrier filters to allow NFT markets with the same policy to collectively increase market liquidity.

NFT's first AMM Sudoswap joins the fray

"Enabling SUDO Transfer Function" proposal approved, SUDO can conduct on-chain transfer"

On February 19, the NFT transaction protocol sudoswap community proposal "Add transfer capability for SUDO Token" was passed, in which a total of 4.18 million Sudos from 61 addresses participated in the vote, with the approval rate of 99.96%. Currently, according to on-chain data, SUDO has enabled the transfer function.

NFT's AMM makes sudoswap Work

sudoswap was originally created with  0xmons  Released in April 2021Over-the-counter trading platform, it supports any combination transaction of ERC20, ERC721, ERC1155 and other tokens. Users can customize the order expiration time and specify any or specific buyers to trade. In addition, there are no transaction fees and no royalties for transactions through sudoswap. On July 9, 2022, sudoswapOfficial declarationThe sudoAMM system is online. sudoAMM is a centralized liquidity AMM similar to uniswap v3, and liquidity providers are free to choose a price range to provide liquidity, improving capital efficiency.

SudoSwap's NFT Automated Market Maker AMM Mechanism

The recent decline of the NFT exchange market occurred frequently, and the liquidity of the whole market was greatly reduced. At this time, SudoSwap, which emerged suddenly in August, brought the AMM-based exchange market to the public's attention with a number of strong growth data. Starting from the mainstream mode of NFT exchange market, this paper will explain the unique pricing function and functional details of SudoSwap by restoring Uniswap's classic constant product formula, and finally comment on the value of each point to the development of exchange market.

"Can Sudoswap make a Comeback After Whale Gains BLUR and Turns to SUDO?"

The airdrops have had a huge wealth effect as NFT marketplace Blur has launched airdrops and launched its original BLUR token on major trading platforms, with many early participants reaping huge rewards. It's no exaggeration to say that February saw a number of significant liquidity hot events, and now the community seems to be turning its attention to the NFT automated market maker Sudoswap, with market researchers wondering whether its governance token SUDO could be the "next big thing."

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