Guosheng Securities: the external challenges of opensea come from five directions, and the refining speed of NFT market may be faster

[Guosheng Securities: opensea's external challenges come from five directions, and the refining speed of NFT market may be faster] golden financial news, songjiaji, a researcher of Guosheng securities, released a report titled "viewing the evolution of NFT trading platform from the challenger of opensea", which said that opensea has been in a dominant position in NFT trading for a long time, but competitors have never stopped challenging opensea. Overall, opensea's external challenges come from the following directions: 1. token incentive: the most typical examples include looksrare, which rewards users with token transactions, and x2y2, which rewards users with pending orders. 2. high performance chain NFT Ecology: for example, magiceden on Solana will also challenge the core position of opensea. 3. aggregators: aggregators will not affect the handling fee income of opensea and other platforms, but threaten the traffic entry of the trading platform. 4. vertical NFT Market: Although the NFT platform of the segment circuit represented by music NFT, game NFT and art NFT has not been proved by the market, we believe that the ecological innovation and development of NFT itself will make the competitors in these fields have the potential to challenge opensea. 5. centralized NFT trading platform: the advantages of centralized NFT trading platform in user traffic, stickiness and brand trust make it more advantageous in trading and other financial services. Although the market performance has not yet shown sufficient competitiveness, the centralized NFT trading platform still deserves attention. In the final report, it is believed that the rise of Web3 will enable NFT to more comprehensively penetrate into various segments, and the development of the underlying public chain also needs to focus on the ecological trading platform. This market space is far more than the current opensea valuation of $13billion. Just as e-commerce platforms are also finding new market space in the process of vertical development, with the blessing of Web3, the NFT market may be refined faster. (Oriental fortune.com)