Blur NFT Marketplace Finds Loophole In OpenSea Blocklist

Blur NFT Marketplace Finds Loophole In OpenSea Blocklist. 

Blur vs OpenSea

Back in November, in order to solve the big debate on creator royalties, popular NFT Marketplace OpenSea decided to implement a new system that would allow NFT collections to enforce royalty payments by blocklisting NFT marketplaces that didn’t honor them.

This blocklist would mean that NFT collections on OpenSea could not be traded on marketplaces that allowed for zero royalty fees like second leading NFT marketplace, Blur.

Despite this however, new speculation on Twitter claims that Blur may have found a loophole to bypass collections blocklisted by OpenSea.

Twitter user “Panda Jackson” reveals in a detailed thread that Blur had leveraged OpenSea’s “Seaport” a decentralized web3 marketplace protocol, which wasn’t blocklisted by OpenSea, helping collections that were originally blocking Blur to become tradeable.

“As Seaport is not on OpenSea’s blocklist, it makes sense. Collections blocking Blur become tradeable on it through the new system w/ enforced royalties,” Panda Jackson wrote.

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What Does This Mean?

With this loophole, Blur would be able to completely bypass OpenSea’s blocklist, allowing NFT creators to have their collections on both marketplaces.

Evidence of this loophole already having taken place is the fact that data from Blur shows that users are now able to purchase Yuga Labs’ Sewer Pass NFTs on their platform, a collection that was previously blocked from Blur.

However, this new system of Blur using the Seaport protocol would mean that these NFT collections would be required to have mandatory royalty fees.

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