Overview of Blur
Blur is an NFT Marketplace Aggregator platform on the Ethereum network designed for NFT traders and collectors. Users don’t need to list NFTs on the platform to trade; Blur automatically consolidates data from various NFT exchanges such as OpenSea, LookRare, X2Y2, allowing users to trade NFTs in one place. This provides convenience for users to choose suitable NFTs.
Launched in October 2022, Blur quickly rose to become one of the leading NFT Marketplaces on Ethereum. Blur’s goal is to build a fair platform that empowers the community. Owners of the BLUR token (the platform’s main token) can participate in governance decisions, earn rewards, and access exclusive features.
How Blur Works
To start using the Blur platform, users need to connect their digital wallets. Currently, Blur supports three cryptocurrency wallets: MetaMask, WalletConnect, and Coinbase Wallet.
After connecting the wallet, users can buy/sell NFT collections through Blur from other users and creators. When trading on the Blur platform, traders only have to pay licensing fees to the creators, also known as the supply-side fee.
Blur also supports two user modes: Trader and Collector. The trader mode provides more charts, more data, and a compact view, while the collector mode displays a clearer view with larger images and a familiar interface.
What Sets Blur Apart?
Blur is known as one of the fastest NFT Marketplace platforms at the current time. The team asserts that Blur is over 10 times faster than Gem (a platform acquired by OpenSea and renamed OpenSea Pro).
Additionally, Blur supports tools for traders, and the option for users to switch between light and dark interfaces is a major plus for the platform.
Core Team
The project does not have a fixed team; members operate under the Blur Foundation.
Investors
On March 28, 2022, Blur announced a successful $11 million funding round led by Paradigm. Other investors include eGirl Capital, 0xMaki, LedgerStatus, and more.
Tokenomics
Basic Token Information
- Token Name: Blur
- Ticker: BLUR
- Blockchain: Ethereum
- Contract: 0x5283d291dbcf85356a21ba090e6db59121208b44
- Token Type: Utility, Governance
- Total Supply: 3,000,000,000 BLUR
Token Allocation
Token Release
Token BLUR is distributed over four years: Year 1: 40%, Year 2: 30%, Year 3: 20%, Year 4: 10%.
Token Use Case
Token BLUR is used for:
- Governance: Voting on platform activities.
- Regulating fees applied to traders.
- …
Trading Platforms
Token BLUR can be traded on both DEX and CEX platforms like Coinbase Exchange, Kucoin, OKX, Uniswap (V3),…
Project Information Channels
- Website: https://blur.io/
- Twitter: https://twitter.com/blur_io
- Discord: https://discord.com/invite/blurdao
Although it has been less than a year since its launch, Blur has made significant breakthroughs, surpassing even OpenSea, a well-established NFT trading platform. I hope the information provided in this article has given everyone an overview of Blur.