- Blur is a non-fungible token (NFT) marketplace that aims to serve the needs of advanced traders and investors.
- BLUR token is used for the platform’s governance, which is based on Ethereum (ERC-20 token standards).
Blur, a newly established platform, offers vast functionalities with a user-friendly interface. It allows users to not only purchase NFTs but also list their tokens on this platform with no charges. It’s a zero-fee marketplace that provides tools and better Liquidity for non-fungible tokens (NFTs) with faster experience to flip its competitors. Buying, selling, and listing features are easily done with this platform targeting retail users.
What is Blur NFT Marketplace?
This platform is an Ethereum-based marketplace built to fulfill the requirements of Professional traders in the non-fungible tokens (NFTs) segment. The platform claims to be the fastest NFT marketplace, while providing features like faster NFT snipe and sweep, price feeds, price-based sorting functions, managing portfolios, and very low trading fees on NFT sales.
Additionally, this platform aggregates NFTs from OpenSea, and LooksRare like marketplaces. Unlike other NFT marketplaces that focus on retail users, this platform
Provide leverage to advanced traders and whale entities. This platform became very popular in a short time as it raised around $14 Million from world-class NFT traders and investors. It stands apart because of its user-friendly architecture, which is better than other competitive platforms.
Unique Cases of Blur
Blur has gained a major market share in the sector of NFT sales. Being an NFT trading platform, Blur excludes trading fees for both buyers and sellers. This made other competitive platforms rethink their fee structures. It rewards creator royalties the same as other marketplaces.
Basically, creator royalties on this platform are customizable, while NFT traders are allowed to choose a percentage. Because of these enhanced features, Blur quickly gained traction and overtook other popular platforms like OpenSea, which is currently an NFT market leader on the basis of volume.
Blur Tokenomics
$BLUR is a native token for the platform’s governance. This token is based on ERC-20 token standards. This provides community ownership to benefit from the platform’s success while participating in governance and community control over Blur DAO (decentralized autonomous organization).
Right now, BLUR has a total supply of 360 million tokens with a hard cap of 3 Billion tokens. This token decides between protocol value and market distribution. The voting rights of this platform are proportional to the amount of $BLUR token holding and its delegation. Before this token’s airdrop, it had reached an all time high of $45.98 on February 13, 2023.
This token is currently listed on major crypto exchanges like Coinbase, KuCoin and UniSwap as well. According to a data analytics platform survey, BLUR has recorded a daily average sale of $21.26 Million since its launch.
Conclusion
Blur NFT achieved tremendous growth in a short time because of its features and user-friendly interface. On the basis of trading volume, it gained traction and outperformed other competitive platforms. It continuously strives to be the best NFT marketplace to provide numerous benefits to professional traders, all with zero fees. This platform aims to cater to the needs and necessities of advanced NFT traders while enjoying a well-developed interface.
