Deep Analysis of the NFT Market and Centralized Exchange NFT Business

Analysis of NFT Market and Exchange NFT Business

A researcher from Bing Ventures has written an in-depth analysis of the NFT market and the NFT business of centralized exchanges, revealing the current market situation of the NFT race, the competitive landscape of market participants such as centralized exchanges, and the bottlenecks and prospects for future development.

From the perspective of the development of the NFT market, mainstream NFT marketplaces such as Blur are accelerating the improvement of NFT market liquidity in an invisible way to seize market share, which may lead to a short-term decline in the overvalued value of most NFTs and gradually move towards a reasonable range. For NFT holders, they may have not yet experienced the darkest moments. However, from a longer-term development perspective, benign competition between NFT marketplaces is beneficial and can promote the liquidity and ecological development of NFTs to some extent.

If CEX NFT marketplaces want to go further, they can consider the model of on-chain NFT exchanges and take the essence of it. For example, Blur provides functions such as real-time NFT price comparison, investment portfolio management, batch listing, and zero transaction fees, and the airdrop plan has gained a lot of market attention. In terms of products, Blur provides traders with professional tools, good UI/UX, and other auxiliary functions to optimize the user experience.

A trend in the future development of the NFT market is the emergence of vertically segmented platforms. These platforms will focus on specific types of assets or markets, such as game NFTs, sports NFTs, or music NFTs, and attract corresponding user groups by providing more customized services. In terms of technological development, more efficient and feature-rich NFT marketplaces are needed. Most NFT users are on-chain, and centralized exchanges need more effort to occupy a large market share.