Not issuing tokens will result in losing? OpenSea changes fee structure! Transaction fees temporarily free, no longer blocking Blur

After the NFT trading platform dark horse Blur launched its token to attract community attention, changed its royalty policy, and called for collaboration with OpenSea, OpenSea announced a major update today. Not only did it introduce limited-time fee-free transactions, but it also showed goodwill towards Blur through policy changes.

OpenSea Fee Structure Undergoes Major Changes

According to OpenSea's Twitter, the changes made this time include the following three points:

1. Limited time fee promotion, platform transaction fees reduced to zero from the original 2.5%.
2. All new and old projects that do not have on-chain enforcement have been changed to optional royalties, with a minimum charge of 0.5% royalties, the same as Blur.
3. NFT markets adopting the same policy will not be blocked by OpenSea's operational filters.

In response to this change, OpenSea stated that the NFT ecosystem is undergoing significant changes.

Despite OpenSea's efforts to protect the rights of NFT creators in the past few months, currently 80% of ecosystem trading volume does not pay full royalties, and most of the trading volume has shifted to a zero transaction fee trading environment, prompting OpenSea to consider changes and adjust its fee structure accordingly.

Furthermore, OpenSea stated that it will continue to block certain exchanges through its operational filters, but updates are being made to allow NFT markets adopting the same policy, such as Blur, to sell NFTs normally.

"Now, creators do not need to make the wrong choice between earning revenue from OpenSea or Blur," said OpenSea.

From OpenSea's statement, the popularity of zero royalty trading markets is bound to have an impact on its business, while the emergence of strong competitor Blur has also forced it to make changes.

However, will such adjustments be enough to win back users lost by OpenSea in the past period? Or will it need to regain user favor through token issuance? This requires further tracking and observation of subsequent data.