NFT Platform Wars Could Be Coming, Says New DappRadar Report
OpenSea, UniSwap, MagicEden, eBay and Others Acquire NFT Aggregation Tools and Take Position to Gain Market Share in Global evolving NFT ecosystem.< /p>
New
DappRader's "Dapp Industry Report for Q2" 2022 raised, among many points, the idea that an upcoming non-fungible token (NFT) platform war may be on the horizon.< /p>
The report, which was provided to Cointelegraph, explained how UniSwap had recently acquired Genie and OpenSea had purchased Gem with the aim of expanding their respective services to include NFT aggregation tools, which "accumulate NFT offerings from various trading platforms". Meanwhile, new platforms such as Magic Eden and X2Y2 continue to take advantage of OpenSea's current 75% NFT market dominance.
DappRadar said, "These acquisitions will most likely put OpenSea and UniSwap in direct competition with each other in the near future." industry too. eBay recently acquired KnownOrigin, the Ethereum-based digital art marketplace, in an effort to further expand its digital product offerings and capabilities in the NFT space.
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OpenSea, UniSwap, MagicEden, eBay and Others Acquire NFT Aggregation Tools and Take Position to Gain Market Share in Global evolving NFT ecosystem.< /p>
New
DappRader's "Dapp Industry Report for Q2" 2022 raised, among many points, the idea that an upcoming non-fungible token (NFT) platform war may be on the horizon.< /p>
The report, which was provided to Cointelegraph, explained how UniSwap had recently acquired Genie and OpenSea had purchased Gem with the aim of expanding their respective services to include NFT aggregation tools, which "accumulate NFT offerings from various trading platforms". Meanwhile, new platforms such as Magic Eden and X2Y2 continue to take advantage of OpenSea's current 75% NFT market dominance.
DappRadar said, "These acquisitions will most likely put OpenSea and UniSwap in direct competition with each other in the near future." industry too. eBay recently acquired KnownOrigin, the Ethereum-based digital art marketplace, in an effort to further expand its digital product offerings and capabilities in the NFT space.
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