Blockcrunch - 20 Minute Crypto Insights

The trading volume of NFTs has markedly decreased since the previous bull market, with a recent figure of merely $37 million per week, a sum that constitutes less than 1% of Bitcoin's daily trading volume. This downturn begs the question: are NFTs facing extinction, or is there potential for resurgence? Joining us today is Tieshun, widely recognized as Pacman on Twitter and notably the founder of Blur, the singular NFT marketplace that triumphed over Opensea to talk about: Why NFTs are not dead How Blur successfully dethroned OpenSea Outlook for the NFT market and Blur Host: Jason Choi @mrjasonchoi . Not financial advice. Timestamps: (00:00:00) – Episode Introduction (00:01:33) – Pacman’s Web 3 journey (00:07:31) – How to revive the NFT markets (00:12:39) – User behaviour in bull vs bear market (00:14:52) – How Blur dethroned OpenSea (00:19:59) – Sustainability of Blur’s incentive program  (00:27:33) – Key KPIs that matters (00:35:53) – Blur’s stance on royalties (00:42:34) – Blur’s future plans