What is Blur?
Launched on October 19, 2022, Blur is introduced to the public as an NFT trading platform on Ethereum aimed at professional traders and collectors.
With its rapid growth, the sales volume on Blur has surpassed OpenSea many times, becoming the top NFT marketplace on Ethereum. At the same time, Blur is integrating different NFT platforms and protocols, such as SolSea and Metaplex, under Solana. In the future, Blur promises to bring more social features to enhance the user experience, including chat rooms, leaderboards, profiles, and badges.
Blur’s products
NFT Marketplace
This is considered the main product of Blur. Where traders can list, buy or sell NFTs. As of May 19, 2023, after only 7 months of launch, the number of users of the platform has reached 146,823 users, with the NFT trading volume on the exchange has reached more than 1.4 billion USD.
NFT Marketplace Aggregator
More than just a trading platform, Blur also has a tool that aggregates data from many other NFT trading platforms. This tool helps users to trade and check prices on different platforms at a single interface.
At the same time, the platform also has an analysis tab, allowing users to have a quick summary of the value of an NFT and calculate their current NFT portfolio based on current market prices.
Blur Foundation
This is where the toll protocol and the use of project funds are decided. There are three committees for performing governance: the Safety Committee, the Marketplace Committee, and the Incentive Committee.
The advantages of the Blur platform
- Fast transaction speed
- Help users snipe NFT 10 times faster than the competition.
- No transaction fees
- Provide portfolio analysis tools.
- Users can check prices on multiple exchanges, manage portfolios and trade NFTs on the same platform.
- Allows users to list NFTs directly
- Provides on-chain information on collections.
BLUR Tokenomics
What is BLUR token?
BLUR is the native token of the Blur platform and holds governance for the Blur DAO. Aside from this functionality, the team has yet to announce other use cases for the BLUR token.
Key Metrics
- Token Name: Blur
- Ticker: BLUR
- Blockchain: Ethereum
- Token Standard: ERC-20
- Contract: 0x5283d291dbcf85356a21ba090e6db59121208b44
- Token Type: Governance
- Total Supply: 3 billion BLUR
- Circulating Supply: 360 million BLUR
BLUR Token Allocation
- Community: 51%
- Contributors: 29%
- Investors: 18.8%
- Advisors: 1.2%
BLUR Token Release Schedule
BLUR Token Use Case
- Governance: Governance Token for Blur DAO
Project team
Blur’s founders and developers operate only through pseudonyms. In it, Founder is known as Pacman – a Web3 developer. Zeneca – founder of ZenAcademy and The 333 Club – assumes the Blur Foundation director role.
According to information from Blur, the team has experience working at organizations including MIT, Citadel, Five Rings Capital, Twitch, Brex, Square, and Y Combinator.
Investors & Partners
Where to buy BLUR token?
You can easily buy BLUR on major exchanges such as Kucoin, Bybit, OKX, Coinbase, Uniswap, etc.
Compare Blur and Opensea
About market share
As of May 2023, OpenSea is the NFT trading platform with the largest market share, overwhelming the second place Blur.
About users
Compared to the number of users, OpenSea overwhelmed Blur.
About the number of accounts
In this respect, OpenSea is still superior to Blur.
About trading volume
But when it comes to daily and weekly trading volume, Blur is much bigger than OpenSea. From there, it shows only a group of users but generates a lot of trading volume.
Social Media of the platform
- Twitter: https://twitter.com/blur_io
- Discord: https://discord.com/invite/blurdao
The project’s future path
Blur leverages the profit maximization mindset in the NFT market sector to its advantage. With no transaction fees, Blur has taken the top position among NFT exchanges regarding trading volume. However, the platform is still behind OpenSea regarding transactions and users, showing only a handful of users but generating a lot of trading volume.
Therefore, time will tell whether the structure Blur pursues is sustainable and can usurp OpenSea’s throne on all fronts.
Summary
Through the article, BTAGuru introduced you to the Blur platform. Hopefully, the above information will help you have an overview of the project, and please read the article for reference purposes because this is not investment advice.
