Opensea’s Major Adjustments in the Market Ecological Environment

02/18/2023 21:44 • Tech Trends • 86 views

According to reports, Opensea’s official Twiiter announced that in view of the changes in the market ecological environment, the following major adjustments will be made: First, the time-limited transaction activity of zero service charge will be launched; 2、 Enable optional copyright services with a minimum standard of 0.5%, applicable to all non-chain compulsory royalty series; 3、 Update operator filters to allow NFT markets with the same policies to jointly increase market liquidity.

Opensea announced the launch of the time-limited 0 service fee transaction and the non-mandatory implementation of the optional royalty service

Analysis based on this information:

Opensea, one of the leading NFT marketplaces, has made significant adjustments to its market strategy in view of the changes in the market ecological environment. The official Twitter account of Opensea recently announced three major changes that will have a profound impact on the platform.

The first major adjustment is the launch of a time-limited transaction activity with zero service charge. This means that users can buy and sell NFTs without incurring any transaction fees, which could potentially attract more investors who are looking for a cost-effective way to trade NFTs. This move is particularly significant given that transaction fees remain a major barrier to entry for many investors who are hesitant to invest in the NFT market.

The second major adjustment is the introduction of optional copyright services with a minimum standard of 0.5%, which will be applicable to all non-chain compulsory royalty series. This means that creators will have the option to secure their intellectual property rights and receive royalties for their work. By providing this service, Opensea is addressing a major concern in the NFT market, where creators often struggle to protect their intellectual property and have little recourse if their work is copied or used without permission.

The third major adjustment is the update of operator filters to allow NFT markets with the same policies to jointly increase market liquidity. This means that Opensea is promoting greater interoperability between the various NFT marketplaces, which could potentially increase the liquidity of the market as a whole. By working together, these marketplaces can create a more diverse and dynamic market that will benefit both creators and investors alike.

In conclusion, Opensea’s major adjustments to its market strategy demonstrate the platform’s commitment to promoting a more accessible and equitable NFT market. By lowering transaction fees, protecting creators’ intellectual property rights, and increasing market liquidity, Opensea is creating a more robust and sustainable market that benefits everyone involved.

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