Foresight Ventures: Decentralized NFT Protocol Will Beat OpenSea

I. Market Environment and User Needs

II. NFT Marketplace — Building Core Competitive Advantage to Meet Demand

We need to explore what kind of marketplace is good and discuss it in five dimensions:

III. NFT Tools — The Turning Point to Change the Competitive Landscape

With the emergence of more NFT marketplaces, NFT listing orders are scattered on various platforms, and the core demand of users is to buy the cheapest NFT. At this time, the aggregator was born and became the unexpected winner of the battle of NFT marketplaces, changing the market pattern.

IV. Foresee the Future — A Possible Breakthrough Solution for NFT Trading: A Truly Decentralized NFT Protocol

After dissecting the real pain point in the NFT trading for the brand effect brought by the liquidity monopoly, we may want to think about what is the solution that may overturn the existing pattern? Here I have a thought: Instead of being an upstream traffic port, it is more feasible to do the underlying protocol.

V. Conclusion

For NFT marketplaces, folks are always envious of their vast market and the market share of OpenSea, so countless people show up, one after another, painting a rosy picture after another with the disguise of a pseudo-demand. When the tide finally goes out, we will know who is naked. If 2021 is the first year of the NFT market booming, then 2022 is when the competition in the NFT market will change drastically. Only can we swim against the tide in the bear market wtih capturing the core demand and blossom in the next bull market. What scares OpenSea is not the next trading platform but the aggregator like Gem that solves the liquidity demand, and the next one that beats Gem and the trading platform may not be the next aggregator or marketplace but the solution that solves the liquidity problem in a more profound level at the protocol layer — Decentralized NFT Protocol.

About Foresight Ventures

Foresight Ventures is dedicated to backing the disruptive innovation of blockchain for the next few decades. We manage multiple funds: a VC fund, an actively-managed secondary fund, a multi-strategy FOF, and a private market secondary fund, with AUM exceeding $400 million. Foresight Ventures adheres to the belief of “Unique, Independent, Aggressive, Long-Term mindset” and provides extensive support for portfolio companies within a growing ecosystem. Our team is composed of veterans from top financial and technology companies like Sequoia Capital, Google, Bitmain and many others.



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Foresight Ventures

Foresight Ventures

Foresight Ventures is a blockchain technology-focused investment firm, focusing on identifying disruptive innovation opportunities that will change the industry