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More →Blur is shutting down its website, so why are NFT collectors cheering?
Blur’s planned website closure revived criticism of the royalty policies and token rewards that helped it overtake OpenSea during the NFT boom, but hurt creators. Nonfungible token marketplace Blur, which once overtook OpenSea as the largest NFT marketplace by trading volume, says it is shutting down its website next month — and some NFT collectors couldn’t be happier. Blur <a href="https://x.com/blur_io/status/2109735810857861203?s=20" rel="nofollow noopener" target="_blank">>made</a> the announcement on X on Monday, its first post on the platform in more than a year. It said the frontend will shut down on Nov. 12, while its onchain marketplace will remain operational. Blend, a peer-to-peer perpetual NFT lending protocol, will also stop matching new loans. Blur said borrowers have until Nov. 12 to repay outstanding loans or allow them to default. It also promised a withdrawal interface after the shutdown. “Good riddance. You destroyed NFTs. Please shut down and never come back,” said NFT collector Cryptobscure in a reply to the post on X. “You may not have been able to complete your mission to destroy NFTs. But you acted with extreme determination and tried everything. Congratulations to us for surviving you,” NFT collector starfruit said in another post. The post renewed criticism of the strategy that helped Blur reach the top of the NFT charts in 2023: optional creator royalties and token rewards that encouraged traders to bid and flip NFTs. Its rise accelerated a <a href="https://cointelegraph.com/magazine/nft-creator-giant-swan-gothic-vr-dreamscapes-royalty-nightmare-opensea" rel="nofollow" target="_blank"><span>shift toward lower creator royalties</span></a>, with rival OpenSea later moving to <a href="https://cointelegraph.com/news/opensea-disable-on-chain-royalty-enforcement-tool" rel="nofollow" target="_blank"><span>optional creator fees</span></a> for new collections. Blur launched on Oct. 19, 2022, allowing sellers to customize royalty payments while offering larger prospective token rewards to those who paid higher creator royalties. But it entered a market where royalty protections were already weakening: competing marketplace Magic Eden had moved to optional royalties the previous week. By July of the following year, blockchain analytics platform Nansen reported that <a href="https://cointelegraph.com/news/trader-baits-bot-july-nft-volume-drops-nifty-news" rel="nofollow" target="_blank"><span>effective creator royalty fees fell</span></a> to 0.6% in July 2023 from an average of 2.5% in 2022, attributing much of that gap to Blur’s growth, its minimum royalty policy and OpenSea lowering its own royalty requirements to compete. Blur didn’t disclose why it made the decision to shutter its frontend and wind down new lending activity on Blend. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/magic-eden-nft-whitehat-vulnerability" rel="nofollow" target="_blank"><span><em><strong>Magic Eden scare puts 3,
OPEC Monthly Report: Iraq's crude oil production fell by 386,000 barrels per day in September to 3.92 million barrels per day.
Bitcoin News: OPEC Monthly Report: Iraq's crude oil production in September decreased by 386,000 barrels per day to 3.92 million barrels per day.
S&P completed its first on-chain derivatives swap transaction on the Canton blockchain.
CoinWorld news: S&P completed its first on-chain derivatives swap transaction on the Canton blockchain on October 13, with Marex and DRW as participants.
S&P executes its first on-chain derivatives swap
According to WatcherGuru, S&P executed an on-chain derivatives swap for the first time. This marks a further integration of traditional financial markets with blockchain technology.
OPEC Monthly Report: Gabon's crude oil production fell to 207,000 barrels per day in September.
According to news from Bijie, OPEC's monthly report shows that Gabon's crude oil production in September decreased by 11,000 barrels per day, falling to 207,000 barrels per day.
OPEC Monthly Report: Guinea's crude oil production fell by 2,000 barrels per day in September to 45,000 barrels per day.
OPEC Monthly Report: Guinea's crude oil production in September decreased by 2,000 barrels per day to 45,000 barrels per day.
OPEC Monthly Report: Congo's September crude oil production increased by 6,000 barrels per day to 279,000 barrels per day.
According to BiJie Network, the OPEC monthly report: Congo's crude oil production in September increased by 6,000 barrels per day to 279,000 barrels per day.
OPEC Monthly Report: Algeria's crude oil production increased by 3,000 barrels per day in September to 1.003 million barrels per day.
Bitcoin World news, OPEC monthly report: Algeria's crude oil production in September increased by 3,000 barrels per day to 1.003 million barrels per day.
Super League Enterprises完成首笔比特币购买
Crypto news outlet reports that Super League Enterprises ($SLE) has completed its first Bitcoin purchase, acquiring 1 BTC at $83,041. This marks the company's first direct Bitcoin treasury operation, aimed at becoming a U.S.-listed Bitcoin treasury platform through pending transactions, and it will be renamed Superplanet.
Hassett: The Fed may see slowing inflation as a reason to keep rates unchanged.
According to news from Bijie, Hassett, director of the U.S. National Economic Council, said the Federal Reserve may view slowing inflation as a reason to keep interest rates unchanged.