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2/ Context: There’s been a massive shift in the NFT ecosystem.
In October, we started to see meaningful volume and users move to NFT marketplaces that don’t fully enforce creator earnings.
Today, that shift has accelerated dramatically despite our best efforts.
— OpenSea (@opensea) February 17, 2023
nft marketplaces are all trying to maximize marketshare so they can raise bigger vc rounds and the best way to get marketshare is to have the lowest fees for high frequency trading.
— Frank III (@frankdegods) February 17, 2023