January 25, 2022, 1:46PM EST
• 16 min read

A look at decentralized OpenSea competitors

Quick Take

  • Capitalizing on users’ growing discontent with OpenSea, a new cohort of decentralized NFT marketplaces originated with the goal of dethroning OpenSea
  • With liquidity being the lifeblood of an NFT marketplace, these competitors cultivated ingenious liquidity incentive designs
  • The relative trading volume of most competitors is still dwarfed by OpenSea, with LooksRare emerging as the only potential threat so far

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here