By focusing on the needs of NFT traders and collectors, Blur offers a specialised platform that enhances the trading experience through advanced tools, analytics, and a user-friendly interface. The BLUR token complements this by providing a means for governance, rewards, and utility within the ecosystem, backed by a thoughtfully designed tokenomics model. As the platform continues to evolve and grow, it will be interesting to see how Blur and BLUR contribute to the dynamism and innovation in the digital asset space. The Blur NFT marketplace differentiates itself from other platforms by targeting professional traders with its advanced tools and features.
Blur price BLUR
Blur’s airdrop — a total of 360M BLUR tokens — was one of the most popular and anticipated in recent months. Traders that traded over the last six months received « Care Packages, » which ranked from uncommon to rare and legendary. This included matching the prices of their listings on other marketplaces and trading on Blur.
Futures GridBLUR PERP/USDT0.540.00%
CoinMarketCap Academy takes a deep dive into Blur, an NFT marketplace challenging OpenSea for market dominance. The February 2023 airdrop was a massive global event, with BLUR’s price jumping to over $5 before dropping to under $1 within 24 hours, as many recipients sold straight away.
How Does Blur NFT Marketplace Work?
Blur is a blockchain-based platform designed to cater to the needs of NFT (non-fungible token) traders and collectors. It stands out as a specialised marketplace that not only enables the buying and selling of NFTs but also offers advanced tools and features that enhance the trading experience. These include analytics, portfolio management, and aggregation services that allow users to access a wide range of NFT listings from various marketplaces within a single interface. Blur aims to streamline the NFT trading process, making it more efficient, user-friendly, and accessible to both seasoned traders and newcomers to the NFT space. Blur and its BLUR token represent a noteworthy development in the NFT and broader cryptocurrency landscape.
- Polymarket is a leading decentralized prediction market based on Polygon, and recently garnered attention as the US Presidential election race heats up.
- Without marketplace fees, Blur was able to take the top spot among NFT marketplaces by trading volume.
- As the original large-scale NFT marketplaces, OpenSea benefited from first-mover advantage and the meteoric rise of NFTs throughout 2021 and into 2022.
- For instance, traders can see the depth of a specific market (i.e. how many NFTs in a collection are available at a given price) and track trades over time.
- These strategies not only aimed to distribute BLUR tokens to users but also to reinforce Blur’s position as a leading NFT marketplace by encouraging loyalty and sustained engagement among its community.
While this claim is subject to debate, Blur is among the fastest NFT aggregators and marketplaces in use today. NFT traders can purchase digital collectibles through Blur from fellow users and creators. When utilizing Blur’s native marketplace, traders are required to pay royalty fees to the creators, also known as supply-side fees. Blur is an NFT marketplace that also supports crypto lending using NFTs as collateral. These two functions feed into each other, supplying incentives for platform engagement.
Blur Price Closing History by Level
For Season 3, Blur emphasized maximizing loyalty points, which are crucial for receiving higher-reward care packages at the season’s end. Strategies to enhance loyalty included listing NFTs only through Blur and maintaining activity with blue-chip and actively traded collections. Additionally, Season 3 introduced a method to earn Holder Points by depositing BLUR tokens, with a multiplier effect over time to increase the reward potential. This season promised to distribute 1- 2x more tokens compared to Season 2, signaling increased rewards offered to participants. Its roadmap envisions the launch of a proprietary NFT minting platform, allowing users to mint their own NFTs on Polygon without any coding or technical skills.
By January 2024, Blur was processing more than three-quarters of all NFT trading volume across the crypto world. The platform further built on its foundation by making NFTs into collateral assets, fueling a borrowing/lending economy that expands on those found in other decentralized finance (DeFi) platforms. Of the 39%, 10% (300M BLUR) has been allocated to the incentive budget for the next incentive release. If all of the incentive budget is utilized, more can be allocated via governance vote.
Furthermore, creators may retaliate against the low-fee policies of NFT marketplaces, although evidence may suggest otherwise. It may interest you to know that the platform is gearing up for a second season of its airdrop, and Blur has confirmed that over 300m tokens will be distributed in Season 2. For the upcoming event, all bidding and listing points have been doubled until 1st April 2023. Users can also access other features like the aggregator, which allows them to purchase several NFTs at a time on different marketplaces. It does not fully support secondary market creator royalties as OpenSea does.
It allegedly has a faster NFT sweep and snipe function, real-time price feeds, and a sorting function based on price. However, in late 2022 a new NFT marketplace arose and began to process significant volumes of NFT transactions. Blur first “flipped” OpenSea history basic attention token in weekly volume in December 2022, and it didn’t turn back. The community-governed platform that promised to focus on “pro traders” with no marketplace fees drew increasing attention from users wanting to trade their CryptoPunks and Mutant Apes.
Sweeping essentially involves buying several floor-priced NFTs in a collection. This process can be quite cumbersome depending on the popularity and demand for the digital collectible. In addition https://cryptolisting.org/ to its zero trading fees and optimized gas contracts through bulk listings, the platform has a floor-depth chart for each collection that helps traders to make more accurate projections.
Blur also plans to integrate more NFT platforms and protocols into its marketplace aggregator, such as Solana-based platforms like SolSea and Metaplex. Finally, more social features that enhance the user experience and engagement will provide a more inclusive and engaging user experience in the future. While other NFT marketplaces generally focus on retail users, Blur focuses on pro or whale traders.
Although they were originally pseudonymous, the two founders were ultimately revealed to be Tieshun Roquerre (Pacman) and Anthony Liu (Galaga). The two men met while studying at MIT, and when Liu graduated in 2018, Roquerre dropped out of college (having already dropped out of high school years prior) to co-found the crypto domain name company Namebase. Blur is being traded on 50 cryptocurrency exchanges, including Binance and KuCoin. In conclusion, Blur has forced the NFT marketplace space wide open and is challenging OpenSea as the leader.
NFT traders have access to a marketplace, an aggregator, and several advanced trading tools all in one platform. In each season, Blur tailored the airdrop mechanics to foster a more engaged and dedicated user base, rewarding those actively participating in the platform’s ecosystem. These strategies not only aimed to distribute BLUR tokens to users but also to reinforce Blur’s position as a leading NFT marketplace by encouraging loyalty and sustained engagement among its community. Season 2 of Blur’s airdrop strategy focused on rewarding users for listing, bidding on, and lending NFTs, particularly high-value collections, and encouraged trading activities within Blur’s marketplace. A significant aspect of this season was the aim to maintain and increase loyalty among users by incentivizing them to engage exclusively with Blur for their NFT transactions.
Blur’s current circulating supply is 390.26M BLUR out of max supply of 3.00B BLUR. In terms of market cap, Blur is currently ranked #21 in the Meme Coins sector. Polymarket is a leading decentralized prediction market based on Polygon, and recently garnered attention as the US Presidential election race heats up.
In decentralized borrowing/lending—a model that has become popular through DeFi—collateral is vital for ensuring lenders can retrieve their funds. By enabling their use as collateral, Blend creates the opportunity to take advantage of NFTs’ monetary value. As its trading volumes grew, the platform also introduced its peer-to-peer perpetual lending protocol called Blend in May 2023.
The airdrop concluded with an anticipation of how the distribution would impact the NFT market, reflecting the community’s eagerness to see the outcomes. Blur’s ecosystem includes an NFT marketplace, aggregator, and lending platform, aiming to offer low fees, high transaction speeds, and innovative features such as NFT floor depth charts. It has rapidly gained traction in the Ethereum NFT marketplace scene, surpassing established platforms like OpenSea in terms of sales volume. It claims to have faster NFT sweeps, and a more intuitive interface than other comparable platforms. Blur also stands out from other NFT marketplaces with its numerous features that support better NFT trading experiences that could help traders optimize profits.
Harris got her political start by winning a race in 2010 to become District Attorney of tech-friendly San Francisco. When she was elected vice president in 2020, her assent was widely viewed as a boon for tech companies and Silicon Valley. That said, there are still key differences between the top contenders for Democratic nominee when it comes to crypto. Here’s a look at the top candidates to replace Biden, and how they might lead. With key members of his own party reviving a push to keep President Joe Biden out of the 2024 election, attention has now shifted to the handful of prominent Democrats who might take his place atop the ticket. Roquerre was able to raise $5 million from Namebase before selling it to Namecheap within three years.
Based in San Francisco, Blur was introduced in the early months of 2022, with the developers announcing that they have received $11 million in seed funding led by investment firm Paradigm, which also backed Namebase. It claimed to be targeting pro traders as a userbase, incentivizing high-volume trading by promising zero platform fees. First, NFT owners can specify creator royalties for their tokens when they list them on the marketplace.
BLUR came to prominence after launching in October 2022, when it promised airdrops of BLUR tokens to the top platform users. Blur DAO is a key part of the protocol, responsible for its governance and management. Notably, holders of $BLUR will be able to vote on some key decisions, most of which will have on-chain results.
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