Coke and Pepsi, McDonald’s and Burger King, Tide and Gain. In the physical world, there are many competitive pairs. In the digital world (Google, Amazon, eBay, Netflix, etc.), the biggest companies tend to completely own their categories, which raises the question: Can Coinbase’s new NFT marketplace find a place alongside category-leading OpenSea, or will one have to completely dominate the other?
OpenSea is the world’s largest NFT marketplace, but it is far from perfect. Coinbase is the largest crypto exchange in the U.S. Will Web3 allow for competitive digital pairs? It’s a trick question; both OpenSea and Coinbase are fully centralized and 100 percent Web2 tech. So, to rephrase, will OpenSea and Coinbase NFT be a very rare digitally competitive pair? Can there be two?
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.