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Blur Loyalty Plan Leads to Increase in Cancellation of Listing on OpenSea

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According to Dune data, due to Blur\’s loyalty plan, 13600 wallet addresses have cancelled their listing on OpenSea in the past week, which is 5-6 times the pre…

Blur Loyalty Plan Leads to Increase in Cancellation of Listing on OpenSea

According to Dune data, due to Blur’s loyalty plan, 13600 wallet addresses have cancelled their listing on OpenSea in the past week, which is 5-6 times the previous average.

Data: In the past week, 13600 wallet addresses cancelled the listing on OpenSea

Interpretation of the news:


Dune data has released a report showing that 13600 wallet addresses cancelled their listing on OpenSea in the past week due to Blur’s loyalty plan. The number represents five to six times more than the previous average, indicating the impact of the loyalty plan on individuals.

OpenSea is a decentralized marketplace designed to allow individuals to buy, sell and discover rare digital items such as CryptoKitties, virtual real estate, and other digital collectibles. OpenSea has been on the forefront in providing easy-to-use platforms for investors who want to trade digital assets. As such, many individuals have listed their assets on the platform.

However, the cancellation of so many wallet addresses in such a short period raises questions about the effectiveness of the platform’s listing system. Many individuals likely listed their digital assets on the platform hoping to acquire a substantial ROI in the long run. However, with the introduction of Blur’s loyalty program and its associated financial incentives, users on the platform have been more attracted to the proposed loyalty program than relying on the marketplace’s traditional trading system.

Blur’s loyalty program is a promotional strategy designed to incentivize its users to hold their tokens by rewarding them for their loyalty. The program rewards users who hold onto their tokens for extended periods. Such incentives allow investors to earn returns on their investments and encourages more extended loyalty to the platform. The loyalty program offered by Blur may be the reason for the sudden increase in cancellation of wallet addresses listed on OpenSea.

The cancellation of wallet addresses listed on OpenSea could have long-term effects on the platform’s value proposition. It could create a less enthusiastic response to its products and services, leading to an overall decline in market activity. As a result, OpenSea may need to address these issues promptly to prevent significant reductions in its user base and to increase the value of its listings.

In conclusion, Dune’s data shows that Blur’s loyalty program has had a significant impact on the number of wallet addresses cancelling their listing on OpenSea. This situation raises questions about the effectiveness of the platform’s listing system and may have long-term implications on the platform’s market value. OpenSea may need to take corrective measures to improve its value proposition and encourage investors to continue using the platform actively.

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