Blur dominates almost 80% of NFT trading volume as market activity spikes

Blur dominates almost 80% of NFT trading volume as market activity spikes
Photo by Tezos / Unsplash
  1. Introduction: Briefly introduce the main topic, highlighting the surge in NFT trading volume with a focus on the Blur marketplace.
  2. Background on NFTs: Provide a brief explanation of what NFTs are, as not all readers may be familiar with the concept.
  3. Recent Market Trends: Elaborate on the recent spike in NFT trading, with specific statistics from The Block's Data Dashboard. Discuss the shift from October to November and the early figures for December.
  4. Shift from OpenSea to Blur: Detail the change in market dynamics, particularly the shift in market share from OpenSea to Blur. Include historical context and possible reasons for this shift.
  5. Analysis of Blur's Success: Examine why Blur has been successful. Discuss its zero-fee model, launch date, and any unique features that cater to professional NFT traders.
  6. Solana-based NFT Marketplaces: Expand on the growth in Solana-based NFT marketplaces, highlighting key statistics and market players like Tensor.
  7. Expert Opinions and Market Analysis: Include quotes or insights from industry experts, analysts, or key figures within the NFT market. This can provide depth and varied perspectives.
  8. Economic and Technological Impact: Analyze the broader economic and technological implications of these trends in the NFT market.
  9. Potential Risks and Criticisms: Discuss any potential risks or criticisms associated with NFT trading and marketplaces like Blur.
  10. Conclusion: Summarize the key points and offer insights into future trends or developments in the NFT market.
  11. Disclaimer: Include the disclaimer about Larry Cermak, CEO of The Block, being an angel investor in Blur.

This structure should provide a comprehensive overview of the current state of NFT trading, with a specific focus on the rise of Blur and its implications for the market. Remember, a news story should be factual, well-researched, and balanced, providing readers with a clear understanding of the topic.