NFTs And Competiton

Image source: Unsplash

Elon Musk is a Moron!  

Now I have your attention. This post has nothing to do with Elon Musk, but I can't believe how many people clicked on yesterday's blog just because it mentioned Elon in the headline. I get that he's a polarizing figure, but is he really that interesting? Anyway, here's today's article:

Coke (KO) and Pepsi (PEP), McDonald's (MCD) and Burger King (QSR), Tide (PG) and Persil (UL). In the physical world, there are many competitive pairs. In the digital world, the biggest companies like Google (GOOG, GOOGL), Amazon (AMZN), eBay (EBAY), Netflix (NFLX), etc, 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?

Please post your thoughts and comments.