Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, it’s time for a case study: Special guest Pacman, founder of Blur, explains how his upstart NFT marketplace fought OpenSea and won.
Show highlights:
- what it’s like to launch a token
- why Blur was created and what its strategy was for competing with OpenSea
- why royalties remain a lightning rod in the NFT community
- how Blur designed its liquidity mining program and the lesson learned from failed designs
- the reasons why Blur succeeded in the NFT marketplace environment
- Pacman’s reaction to OpenSea’s decision to not enforce royalties
- why forking the Blur code won’t work for new marketplace competitors
- why the NFT market remained strong in the depths of a bear market
- why Pacman thinks AMMs for NFTs won’t work
- whether the “death of royalties” is good or bad for the ecosystem
Hosts
- Haseeb Qureshi, managing partner at Dragonfly
- Tarun Chitra, managing partner at Robot Ventures
- Robert Leshner, founder of Compound
- Tom Schmidt, general partner at Dragonfly
Guest
Pacman, founder of Blur
Disclosures
Previous coverage on NFT royalties:
- The Chopping Block: Two on Two Debate: NFT Royalty Throwdown!
- Are NFT Royalties the Way? How to Build a Sustainable Creator Economy
Links
- Dune: Blur VS OpenSea
- Blog post: How to earn royalties on Blur
- OpenSea’s response
- Unchained:
- OpenSea Eliminates Marketplace Fee, Makes Creator Royalties Optional
- Blur Airdrops 360M Tokens to NFT Traders
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