Blur was launched as a trading platform in the month of October. The NFT marketplace had stable and robust growth within a short period of time and has established itself as a prominent platform for trading.
Blur has control over 30 percent of the market of the overall NFT market. Blur has established a strong presence as a competitor among fellow crypto competitors.
The visible advance of Blur is associated with its native token which would be launched sooner.
What Is Blur NFT Marketplace?
Blur is the fastest NFT (non-fungible token) marketplace.
The Blur NFT Marketplace is the fastest-growing aggregator & trading platform for NFTs on Ethereum’s main net.
Blur NFT marketplace has the status of the fastest-growing trading platform for NFTs in Ethereum main net. It has another status of being the fastest-growing aggregator.
Blur urges the user to ditch slowness and execute trades faster. The platform advises it as the ideal way to execute these actions and invites the users to come and make more money on Blur.
Recently Blur has collaborated with Airdrop and is life now. Blur marketplace has an efficient and cost-effective service system when it comes to NFT floor sweeps.
Blur is listed as a cryptocurrency company, as a blockchain startup, as a paradigm portfolio company, and as a blockchain company with seed funding. The major rivals of Blur are PLLAY Labs, Argent, and Blockpit GmbH.
Blur NFT Marketplace: When Was Blur Launched?
Blur was launched as an NFT marketplace and aggregator on October 19, 2022. The announcement of the marketplace came earlier in the March of 2022.
Blur has a profile of a VC-backed digital marketplace. On its official website, Blur states that the users of the platform can sweep and snipe NFTs faster than the cartoons could be done on the other platforms.
Blut has a functioning rate that is 10 times faster than the rate of the aggregator Gem, an Ethereum NFT marketplace aggregator. Gem is evaluated as the NFT aggregator for Degens, flippers, and sweepers.
Gem allows the collectors to make purchases on assets in large volumes across various platforms and aggregates the other web3 marketplaces to assist the users to find the available NFTs on public blockchains.
Gem has been acquired by OpenSea, the NFT marketplace which has the top trading volume.
Blur NFT Marketplace: Who Is The Lead Inesvtor?
Who Are The Investors? Who Are The Recent Investors? , What Are The Funding Rounds, And Who Participated in Which Round?
Blur has eight investors: Andy Chorlian, Zeneca, eGirl Capital, Keyboard Monkey, Santiago Roel Santos, Deeze, 0xMaki, and Paradigm. Paradigm is the lead investor. Andy Chorlian and Zeneca are the most recent investors.
Also Read: Porsche’s NFT Minting Price, Utility, and More Explored
The investors participated in the seed round of the funding. There was one funding round after the announcement the March announcement. An amount of 11 million US Dollars was raised at the end of the funding round.
Blur NFT Marketplace: Goals And Visions
- Blur envisions increasing decentralization
- Blur envisions moving the NFT space toward becoming institutional-grade.
Blur NFT Marketplace: What Are The Services Provided?
Blur NFT Marketplace: Uses
- Blur NFT Marketplace could be utilized by users as a marketplace to make comparisons of NFTs across various other marketplaces.
- Blur NFT Marketplace could be utilized by the users to manage portfolios with advanced analytics
- Blur NFT Marketplace could be utilized by users to make NFT purchases.
Blur NFT Marketplace: Features
- Fees charged by Blur NFT marketplace: zero fees
- Usage of the marketplace is incentivized by the offer of the upcoming Airdrop which is set to be based on user trading volume.
- Blurs’ own native token: $BLUR Token Airdrop
$BLUR Token Airdrop features
- Trade NFT
- $BLUR Token Airdrop Design: Designed
- in a mode to distribute rewards to the users.
$BLUR Token Airdrop Distribution Criteria
- would be based on the trading volume of specific NFTs
- would be distributed to all the participants in proportion to the trading volume of specific NFTs
$BLUR Token Airdrop Reward Criteria
- users would be rewarded for trading on the platform
- users would be rewarded on the completion of specific tasks
- $BLUR Token Airdrop Value: The $Blur token is expected to go beyond the digit of 1 billion US Dollars in value in market capitalization
$BLUR Token Airdrop – Where Could It Be Traded?
- The $Blur token is said to be tradable on Bybit, a cryptocurrency exchange based in United Arab Emirates (UAE) and headquartered in Dubai.
- The $Blur token would be activated on Bybit along with the launch of the token on February 14, 2023.
- $BLUR Token Airdrop can be used in venues such as
- LooksRare
- OpenSea
- The transactions in Blur are verified on the Ethereum blockchain
- Users are provided with personal wallets that can be used to securely store the transactions and details of the transactions.
- Major VCs that back Blur: Coinbase Ventures, Paradigm, and E-GIRL Capital.
The other Web3 Dapps and developer tools related to Blur are
- Supermojo is a system to buy NFTs that works on a buy now pay later mode. It is listed in the Ethereum chain and has the profile of an NFT Lending Dapp.
- Nefertiti, an NFT data solution powered by AI (Artificial Intelligence). The beneficiaries of the data solution are analysts, investors, and businesses. It is listed in chains such as Ethereum, Avalanche, Polygon, Solana, and BNB Chain; and has the profile of an NFT Analytics Tool
- OpenStream is an NFT platform that does deep analytics; offers assistance to anyone who has greater control over the NFT market. It is listed in the Ethereum chain and has the profile of an NFT Analytics Tools
What Makes Blur NFT Marketplace Stand Out From Competitors?
Blur has announced an offer to all traders that uses the platform; an offer of an airdrop. The traders are estimated to receive an airdrop along with the launch of the platforms’ native token. The native token goes by the name of $BLUR and is estimated to be launched on February 14.
Also Read: What Is Cryptozoo: All About Logan Paul’s Cryptozoo NFT Project!
Blur is backed and trusted by Paradigm, a crypto web3 investment firm; 6529, Keyboard Monkey, Zeneca, Egirl Capital, Deeze, Cozomo, and Dhof.
Blur NFT MarketPlace: BLUR API
Blur has offered an API by the name of BLUR API. Blur API is announced to be made available in the near future. Blur has released a request form for the Blur API in Google Docs, for those who wish to get early access.
It is to be noted that, traders, market makers, and MEVs would be given primary priority while granting access.
In a tweet that was posted in the officially verified handle of the Blur, on Jan 19, 2023, the launch of the $BLUR was confirmed to be on Feb 14.
The token was initially announced to be launched in the January of 2023. The platform apologized for the delay in the launch of the taken and said that the delay was due to the ongoing experiments on new things.
The tweet further read that Blur would deliver a launch that has yet to be done before and informed that the services of Airdrop 3 would be continued until the launch of the token.
In February Blur made an announcement that in order to celebrate the launch of the token the platform would be giving away 50,000 US dollars worth of NFTs during spaces with launch partners.
Those who wish to participate were instructed to join any one of the spaces and to quote the Blur tweet that mentions the giveaway. The participant should also share with the tweet the reason why they are excited about the Blur protocol.
On Feb 7, Blur Biiding Pools witnessed their all-time high of 39.2 million US Dollars in TVL (total value locked ranking) in the Ethereum chain.
Users can join Blur in the platform of Discord, a free communication platform.
The Blur community in Discord has grown to a number of 114,160 members.
Blur is lately topping the headlines due to a huge hike it had in its volume and market share in the NFT marketplace. Blur now possessing 30 percent of the market share is competing with Opensea having 48 percent of the market share.
Opensea has the profile of the largest digital marketplace to buy, sell, and discover NFTs and crypto collectibles. Blur is ranked 11th position based on all-time high sales in the NFT marketplace.
Blur has crossed the all-time sale records of NFT markets such as Rarible with $301.95 million in sales, Immutable X Marketplace with $387.11 million in sales, and Wax Atomicmarket with $441.42 million in sales.
Blur is now listed below NFT markets such as Magic Eden with 2.07 billion in sales, Looksrare with $1.69 billion in sales, and X2Y2 with 1.07 billion in sales.
Blur NFT Marketplace Sweeping Mechanics
Blur marketplace offers the option to sweep NFT floors.
The trading fee to sweep NFT in the Blur marketplace is zero. Blur marketplace has a feature of optimized gas contracts that minimize the on-chain costs.
Conclusion
The alternatives for Blur are Bored Candy City, a decentralized exchange with an NFT marketplace, a DEX, and a play-to-earn games hub and is listed in the chain of Cronos; Rarible, an NFT platform listed in chains of Ethereum, Solana, and Polygon; and Floor, an Android and iOS mobile application which would assist users to easily access the NFT ecosystem and is listed in chains of Ethereum, and Polygon
Blur is widely regarded as a platform that satisfies the NFT needs of any user ranging from an NFT pro trader to an amateur trader.
