The 2020 crypto bull run witnessed the meteoric rise of NFTs with millions of users wanting to get their hands on the next BAYC or Cryptopunk. Obvious beneficiaries of this exponential demand for NFTs were the NFT marketplaces, particularly Opensea.io which leveraged its first-mover advantage to become the defacto NFT marketplaces. However, the rising gas prices on Ethereum and the alternative L1s gaining prominence led to a slew of newer NFT marketplaces across chains competing for the volum...

The 2020 crypto bull run witnessed the meteoric rise of NFTs with millions of users wanting to get their hands on the next BAYC or Cryptopunk. Obvious beneficiaries of this exponential demand for NFTs were the NFT marketplaces, particularly Opensea.io which leveraged its first-mover advantage to become the defacto NFT marketplaces. However, the rising gas prices on Ethereum and the alternative L1s gaining prominence led to a slew of newer NFT marketplaces across chains competing for the volum...