The Chopping Block: The Inside Story of How Blur Toppled NFT Giant OpenSea - Ep. 459

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 22 February 2023

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 Twitter 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not a dividend. It's a tale of two pun.
0:02.3	Now, your losses are on someone else's balance.
0:05.1	Generally speaking, air drops are kind of pointless anyways.
0:07.7	I made the trading firms who were very involved.
0:10.5	I like that heat of the ultimate problem.
0:12.8	DeFi protocols are the antidote to this problem.
0:16.6	Hello everyone, welcome to the chopping block.
0:18.3	Every couple of weeks, the four of us get together
0:20.0	and give the industry insider's perspective on the crypto topics of the day.
0:23.6	Click intros. First up, we got Tom, the DeFi maven and master of memes.
0:27.3	Next up, we've got Robert, the crypto connoisseur,
0:29.2	and Captain of Compound. Next, we've got Taroon,
0:31.8	the Gigabrain, and Grand Puba at Connet.
0:34.3	And joining us today, special guest, we've got Pac-Man,
0:37.0	the Baron of Blur.
0:39.2	And then finally, you got myself.
0:40.5	I've received the head hype man at Dragonfly.
0:42.8	So the four of us are early station investors in crypto.
0:44.8	But I want to caveat that nothing we say here is investment advice,
0:47.6	legal advice, or even life advice.
0:49.5	Please see chopping block that XYZ for more information.
0:52.4	So Pac-Man, great to have you on the show.
	...

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