How Can OpenSea Regain Dominance After Layoffs and the NFT Market Decline? - Ep. 568

Last week, OpenSea, the former frontrunner in the NFT marketplace, confirmed the layoff of half its workforce as the NFT markets seemed to bottom out. 

gmoney, NFT collector and founder of 9dcc, joins Unchained to provide insight into the once-dominant NFT marketplace’s fall from grace. He talks about the competitive dynamics that challenge the platform's market share and whether a token launch could help. In addition, gmoney delves into why the NFT market has been “abysmal,” what could potentially catalyze its revival, and how he thinks creator royalties will evolve. 

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:

whether OpenSea 'rested on their laurels' after becoming the market leader

whether the fact that its competitor Blur launched a token was a reason for OpenSea's fall

whether OpenSea not immediately following other platforms such as Blur in making creator royalties optional led to some of its decline

how gmoney wants to incentivize people to pay creator royalties 

why the NFT market has gone down and what gmoney's thesis for NFTs is

what catalysts could cause the next NFT bull run, according to gmoney

how NFTs make it possible for certain groups to access new forms of credit 

whether Ethereum can be displaced from its leadership position in the NFT market

what gmoney thinks could revive OpenSea’s prospects

Whether Blur's model is to blame for the decline in the NFT market

how gmoney thinks Blur should act to retain its market dominance

Thank you to our sponsors!

Crypto.com

Arbitrum Foundation

Phemex

Popcorn Network

Guest

gmoney, NFT collector and founder of 9dcc
Links

Previous episodes of Unchained and The Chopping Block debating NFT Royalties:

The Chopping Block: Did Blur Cause a Decline in the NFT Market?

The Chopping Block: Two on Two Debate: NFT Royalty Throwdown!

Are NFT Royalties the Way? How to Build a Sustainable Creator Economy

Decrypt: 

Did Blur Really Crash the NFT Market?

OpenSea’s move to make creator royalties optional for NFT trades

Blur Overtakes OpenSea as Ethereum NFT Trading Skyrockets

The Crypto Times: Blur Jumps Nearly 30% Within Days While OpenSea Layoffs

Cointelegraph: OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch

CoinDesk: NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity

The Information: Coatue Cuts Value of OpenSea Stake by 90% as Fund’s Returns Sag

Axios: The fight over a shrinking NFT market as marketplaces foresee next big boom 

Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week, OpenSea, the former frontrunner in the NFT marketplace, confirmed the layoff of half its workforce as the NFT markets seemed to bottom out. 

gmoney, NFT collector and founder of 9dcc, joins Unchained to provide insight into the once-dominant NFT marketplace’s fall from grace. He talks about the competitive dynamics that challenge the platform's market share and whether a token launch could help. In addition, gmoney delves into why the NFT market has been “abysmal,” what could potentially catalyze its revival, and how he thinks creator royalties will evolve. 

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights:

whether OpenSea 'rested on their laurels' after becoming the market leader
whether the fact that its competitor Blur launched a token was a reason for OpenSea's fall
whether OpenSea not immediately following other platforms such as Blur in making creator royalties optional led to some of its decline
how gmoney wants to incentivize people to pay creator royalties 
why the NFT market has gone down and what gmoney's thesis for NFTs is
what catalysts could cause the next NFT bull run, according to gmoney
how NFTs make it possible for certain groups to access new forms of credit 
whether Ethereum can be displaced from its leadership position in the NFT market
what gmoney thinks could revive OpenSea’s prospects
Whether Blur's model is to blame for the decline in the NFT market
how gmoney thinks Blur should act to retain its market dominance
Thank you to our sponsors!
Crypto.com
Arbitrum Foundation
Phemex
Popcorn Network
Guest
gmoney, NFT collector and founder of 9dccLinks
Previous episodes of Unchained and The Chopping Block debating NFT Royalties:
The Chopping Block: Did Blur Cause a Decline in the NFT Market?
The Chopping Block: Two on Two Debate: NFT Royalty Throwdown!
Are NFT Royalties the Way? How to Build a Sustainable Creator Economy
Decrypt: 
Did Blur Really Crash the NFT Market?
OpenSea’s move to make creator royalties optional for NFT trades
Blur Overtakes OpenSea as Ethereum NFT Trading Skyrockets
The Crypto Times: Blur Jumps Nearly 30% Within Days While OpenSea Layoffs

Cointelegraph: OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch

CoinDesk: NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity

The Information: Coatue Cuts Value of OpenSea Stake by 90% as Fund’s Returns Sag

Axios: The fight over a shrinking NFT market as marketplaces foresee next big boom 

Learn more about your ad choices. Visit megaphone.fm/adchoices