Hey, a very good Tuesday morning! This the Yellow Dip (Twitter) - A Blockchain newsletter that's short, quick & easy!

On our agenda, today we have:

• Quick dips

• Opensea changes strategy

• Yellow Dip Crypto Portfolio - New Launch 🚀

Quick Dips

Opensea changes strategy  

This comes after a competitor launches successfully with 150% gain in 1 week

If you've been trading on OpenSea, you might have noticed some big changes recently. OpenSea is a marketplace for buying and selling non-fungible tokens (NFTs) that runs on the Ethereum blockchain. Up until August of 2021, OpenSea charged fees to creators for listing their NFTs and also charged a 2.5% fee to buyers. But now, they've switched to a "zero fee" model for buyers, which means creators won't be charged to list their NFTs, and buyers won't have to pay any fees to OpenSea.

This change was made because other platforms like Magic Eden, Sudoswap and recently, BLUR, which started from scratch, have gained a lot of market share from OpenSea, which used to be the go-to platform for NFT trading. In fact, in the last 30 days leading up to BLUR's token launch, users traded more on BLUR than on OpenSea ($762M vs $672M). With the launch of BLUR's token, currently valued at $3.5 billion and already up around 150% from last week, OpenSea was jolted into action and had to change their fee model to stay competitive.

By removing fees for buyers, OpenSea hopes to attract more creators and sellers to their platform, which they've been losing to their competition over the last quarter. However, we think the success of BLUR will depend on whether they can keep users engaged once network incentives dwindle. Usually, when a new product gains market share, it's because it's attracting users with incentives from its company funds and treasury. There's a fine line between attracting the right users and attracting vultures who are only interested in the rewards.

In any case, it's clear that OpenSea will have a hard time retaining their current profit margins as users have grown accustomed to low transaction fees on other platforms. With more competitors like Coinbase entering the market, the future looks bright for NFT users, but the battle for market share will be intense.

Yellow Dip Crypto Portfolio - New Launch 🚀

We have something exciting to share with you guys - a crypto asset portfolio for beginners! Whether you're interested in crypto for investing, or just want to learn more about it as a keen observer, this portfolio will help you get started.

Our portfolio is a mix of established cryptocurrencies like Bitcoin and Ethereum, as well as some promising up-and-coming projects on the Ethereum blockchain. We'll be tracking the performance of our portfolio each week through our newsletter and on our website, so you can see how it's doing.

We know that getting started with investing can be overwhelming, so we plan to write a tutorial on how to get started. Don't worry, we'll break it down in simple terms so even you lazy animals ;) can understand!

We want to encourage the community to participate with us on this journey, so if you have any questions or comments, feel free to reach out to us. We're excited to show you that the opportunities from blockchain are not just limited to a career perspective. With a basic understanding of the market, it is possible to make an outsized return if you decide to invest in it.

So, let's get started and explore the exciting world of crypto together!

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That's it for today. Stay curious & see ya next week!

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DISCLAIMER: This newsletter is strictly educational and is not an investment advice to buy or sell any assets or to make any financial decisions. Please be careful and do your own research