Cryptocurrency News

NFT platform wars could be ahead, says new DappRadar report

07/07/2022

Less than a minute

2022.07.07 03:26

NFT platform wars could be ahead, says new DappRadar report

DappRader’s “Dapp Industry Report for Q2” 2022 raised, among many points, the idea that an upcoming non-fungible token (NFT) platform war could be on the horizon.

The report, which was provided to Cointelegraph, spoke of how UniSwap had recently acquired Genie and OpenSea purchased Gem in an effort to expand their respective services to include NFT aggregation tools, which “accumulate NFT offers from various trading platforms.” Meanwhile, newer platforms such as Magic Eden and X2Y2 continue to take from OpenSea’s current 75% NFT marketplace dominance.

07/07/2022

Less than a minute

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