Delphi Digital: The average price of Blur platform NFT is $1365, nearly four times that of OpenSea

On February 22, Delphi Digital, an encryption research institute, posted a social media analysis that Blur surpassed OpenSea to become the largest NFT market at present. It pointed out that the average price of NFT on the Blur platform was as high as $1365, while OpenSea was only $351, nearly four times the latter. However, in terms of the number of users, OpenSea still has an advantage. At present, Blur’s market share of trading users is only 30%.

Interpretation of this information:

The message conveys that an encryption research institute, Delphi Digital, has analyzed the current NFT market and found out that Blur has surpassed OpenSea to become the largest NFT market. According to their analysis, the average price of NFT on Blur is much higher than OpenSea, although OpenSea still has an advantage in terms of the number of users. The data shows that the average price of NFT on the Blur platform is as high as $1365, while OpenSea’s average is only $351, almost four times lower than Blur. Hence, Blur is now the primary choice for high-end NFT buyers.

The prices on the Blur platform have surged because the platform allows individual creators to sell their art directly without any intermediaries. As a result, the platform has seen an increase in the number of high-valued art pieces being released. This unique selling point has allowed Blur to attract high-end buyers, who are willing to pay a premium for unique and exclusive art pieces.

On the other hand, OpenSea still holds an advantage in terms of the number of active users on its platform. Despite Blur’s recent surge in popularity, OpenSea is still the most trusted and widely used NFT platform at present. It has a larger user base, which means that there is more competition to purchase NFTs, leading to more bidding wars and a higher volume of trades.

Overall, the message highlights the recent trends in the NFT market, and how Blur has emerged as a dominant player in the market, especially for high-end NFT buyers. However, OpenSea still controls a larger share of the trading user base, indicating that they are still the preferred platform for the majority of users.