A Brief History of NFT Marketplaces
Can the STEPN team’s MOOAR overtake Magic Eden?
The NFT marketplace industry is a cut-throat business.
What started out with few players has now blossomed into a flourishing industry, with newer entrants entering the fray every other month, all vying for a slice of the same lucrative pie.
Cue enter stage, MOOAR.
Built by Find Satoshi Lab (FSL), the creators of STEPN. See my 6 month review and guide here.
After releasing the wildly popular web3 lifestyle app that spurred an entire move-and-earn industry, FSL followed up with DOOAR, which quickly became the biggest decentralised exchange (DEX) on Solana.
Now, the FSL team is unveiling its own NFT marketplace.
But how will new entrants like MOOAR have a chance of dislodging competitors that are already so deeply entrenched?
Cut-throat Competition
Competition between NFT marketplaces can be a bruising and brutal experience for players who can’t keep pace with the frenetic pace of innovation.
No one is safe.
The largest NFT marketplace — Ethereum’s OpenSea — takes up the lion’s share of trading volume. But in recent months, up-and-comer…
