NFTs are no joke. Despite looking like a simple cartoon profile picture for your Twitter or Instagram profile, there is much more than meets the eye with NFTs.

Short for Non-Fungible Token, they have been adapted into music, business, art, and blockchain gaming, to name a few industries. While education is still at a minimum, more and more people are being shown NFTs and are warming up to them.

If you want to purchase an NFT online, then you will automatically join the cool club. You may be thinking, though, where is the best place to buy them from? Well, we have found two NFT marketplaces just for you.

They are called OpenSea and Blur. There is a considerable age difference between the marketplaces. Despite this, Blur, after months of growth, surpassed OpenSea in weekly trades back in February.

“But which one should I choose?” is probably what you are thinking. Sit back, grab a pen and paper, and let us break down Blur vs OpenSea NFT marketplaces for you.

nft-marketplace-blur

@ Blur

What is an NFT Marketplace?

Firstly, we will cover what an NFT marketplace is. Simply put, it is an online site that allows you to buy NFTs. Different blockchains have different marketplaces, which means certain projects and collections are on specific marketplaces.

NFTs can be released on marketplaces and also sold on the secondary market to users. They act as a hub for users, as you can browse collections, price charts, and the information for each NFT collectible and NFT games for beginners.

Blur NFT Marketplace

Blur NFT Marketplace was released only in 2022, on October 19th, to be exact, and works in line with the Ethereum blockchain. At a point where NFTs seemed somewhat doomed to the general public, they managed to turn over the crypto winter and put themselves amongst some of the big dogs in the world of Web3 assets.

It prides itself on many things. They claim to be the fastest NFT marketplace out there at the moment and offer zero trading fees for users on the platform. On top of this, creators on the platform are incentivized to publish NFT projects through their royalty scheme, which pays a minimum of 0.5% to creators.

Along with the above, Blur also allows connection between non-custodial wallets, MetaMask, WalletConnect, and Coinbase Wallet.

What has allowed its substantial growth in trading volume in just under a year is the fact that Blur is tailored to “Whale Investors” or those that hold a substantial amount of crypto or NFTs compared to the overall market capitalization, so much so that the volume traded on Blur surpassed OpenSea. Crazy!

Among the NFTs, Blur has its own native token called $BLUR that is used on the platform. Blur’s team has conducted crypto airdrops and has more lined up.

OpenSea NFT Marketplace

OpenSea is the most notorious marketplace for NFTs. It was founded way back in 2017, before most people even knew about crypto, nevermind NFTs!

It is also built on the Ethereum blockchain and is home to some of the top NFT token collections, including Clone X, Bored Ape Yacht Club, and CryptoPunks.

blur-vs-opensea-crypto-sea

@ OpenSea

OpenSea is generally more notable than Blur. It has been around for considerably longer and is more accessible for more passive NFT fans.

One thing that OpenSea is renowned for is its nod towards interoperability. They have a number of linkable wallets that work on different blockchains, including:

  • Bitget
  • Bitski
  • MetaMask
  • Coinbase Wallet
  • Coinbase Smart Wallet
  • Core
  • Formatic/Magic
  • Kaikas
  • Trust Wallet
  • Opera Touch
  • Phantom
  • WalletConnect

While royalties can be earned on OpenSea, they unfortunately charge a 2.5% transaction fee on all purchases.

OpenSea does not have its own token, which in some respects may put them at a disadvantage compared to Blur. However, they still have a large monthly user base and are somewhat in the Web3 mainstream due to how long the platform has been operating.

Which NFT Marketplace is the best?

Now it is down to the final verdict. Which NFT marketplace out of OpenSea and Blur is the best? It is a tough question and is purely based on personal preference. We recommend giving both platforms a trial to make your own decision.

However, you may want to keep the following in mind:

It may be argued that Blur is not a sustainable platform. A lot of their activity has come off the back of their crypto airdrops, which gave NFT fans a huge incentive to choose Blur for their NFT activity on the blockchain.

Furthermore, it has actually been proven that 46% of the trading volume through Blur only comes from 100 of their users. Bearing in mind that they have almost 325.000 users currently, this could prove detrimental to their long-term prospects.

Overall, it can be argued that OpenSea’s your safest bet. They give you the necessary platform to trade and buy NFT collectibles and have been able to make a name for themselves by keeping it simple.

Who knows, though? Blur could remain just as prominent as OpenSea in the years to come.

We hope this article has explained NFT marketplaces, Blur, and OpenSea in more depth.

Happy investing!