NFT marketplace wars ๐Ÿช–

Llamalend is live, LooksRare nixes default royalties, X2Y2 blocks Blur, & more!
William M. Peaster William M. Peaster Oct 28, 20222 min read

Dear Bankless Nation,

LooksRare no longer supports NFT creator royalties by default.

The move comes as a bid to keep up with other exchanges, like X2Y2 and sudoswap, that have already moved to opt-in royalties.

This race to the bottom is one symptom of how NFT marketplaces are starting to feel the pressure from market saturation via increased competition.

Indeed, speaking of X2Y2, this week the exchange blocked new NFT aggregator Blur from using its API in what boiled down to competitive shielding.

Blur sidestepped the block by using the API of Gem, another NFT marketplace aggregator owned by OpenSea, to pull in X2Y2 trades.

All that said, everyone is competing with OpenSea, including DeFi giant Uniswap, which acquired its own NFT aggregator in Genie earlier this year to enter and get competitive in this sector.

Long story short? The NFT marketplace wars have heated up considerably this year, and right now thereโ€™s no slowing down in sight. Look for more struggles for positioning accordingly!

In the meantime, thanks for reading everyone. Time to get you caught up on the other big headlines from this week โœŒ๏ธ


๐Ÿ“ฃ General NFT News

๐Ÿ† Digital Collectibles

๐ŸŽจ Cryptoart

  • Art Blocks launched its new and improved website.
  • Jimmy Edgar unveiled PLASTICS, a series created using the new Drops tool by Foundation:
  • Matt Kane, a cryptoart OG, saw his Gazers series hit a new ATH of 18ฮž:

๐ŸŽฎ Decentralized Gaming

  • Axie Infinity rolled out a patch that introduced various bugfixes and seasonal Axieween UI updates:

๐Ÿ’ฝ Music NFTs

๐ŸŒ Virtual Worlds

๐Ÿ’Ž DeFi x NFTs

  • DeFiLlama rolled out llamalend, a straightforward protocol for borrowing and lending NFTs.

Action steps

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