Quick Take
Capitalizing on users’ growing discontent with OpenSea, a new cohort of decentralized NFT marketplaces originated with the goal of dethroning OpenSea
With liquidity being the lifeblood of an NFT marketplace, these competitors cultivated ingenious liquidity incentive designs
The relative trading volume of most competitors is still dwarfed by OpenSea, with LooksRare emerging as the only potential threat so far
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