OpenSea NFT Community Could Jump Ship to Everlodge.io Here’s Why

OpenSea is still the biggest NFT marketplace, but there are new players and competitors that offer things that Opensea doesn’t. One example is an upcoming project called Everlodge, which allows people to buy NFTs that represent a share in luxury holiday projects. Here I’ll explore both of them and the potential for the future.

Join the Everlodge presale and win a luxury holiday to the Maldives

OpenSea is behind the times with Real World Assets NFTs

Founded in 2017, OpenSea is a grandaddy of Web3 at this point, given the speed at which blockchain technology progresses. With over 40 million NFTs for sale its the best place to find everything and anything, but not necessarily to find something truly special.

Many customers are using Nifty or SuperRare to find truly special NFTs, and Blur, a newer market entrant. In May 2023, Blur emerged as the dominant NFT marketplace with an impressive 65% market share and $442 million in sales. They disrupted the market with their zero royalty fee platform and customer loyalty rewards. Meanwhile, OpenSea, once a heavyweight, struggled to keep up with Blur’s disruptive approach. They eventually followed suit by offering zero royalty fees after experiencing traffic loss to Blur.

However even Blur’s success versus Opensea may be more to do with the fact that Blur incentivised people to do wash trading in order to receive Blur tokens.

PFPs and in game NFTs have lost a lot of popularity and value this year, with industry experts turning towards tokenisation of financial products and also Real World Assets (RWA) such as property and art, and social projects. Since Opensea and Blur focuses mainly on the former types of NFTs, they arent keeping on trend with NFT options. Everlodge on the other hand, is part of a wider trend where NFTs have real use cases and tokenise RWA.

What Everlodge has to offer over Opensea in terms of NFTs and value

Everlodge provides the chance for people to make money in property, using NFTs. Luxury villas and holiday homes are fractionalised on the blockchain, with deeds in the meta

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Author: Crypto Daily

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