The Blur NFT marketplace is making waves on Ethereum. It is currently being evaluated and will bring NFT trading to a whole new level with a variety of innovative features. Let’s find out what Blur NFT Marketplace is all about. It is currently being evaluated to bring NFT trading up to the next level with a variety of innovative features. Let’s see why it generates so much heat. Blur is a community-based NFT marketplace that aggregator and is designed for professional traders. Blur allows users to list assets on the platform natively. Blur charges no commission on NFT transactions, unlike other marketplaces. It also encourages people to share the platform with their friends. The Blur NFT Marketplace was launched in closed beta on October 19, and will be available to the top referrals and select members of the community. All transactions are verified by the Ethereum blockchain and stored in wallets owned by users. Paradigm Ventures, Coinbase Ventures, and E-GIRL Capital are back the team. Highlights: Blur is an NFT exchange for traders. It has a number of features that make NFT trading easier and more convenient for users. Blur also offers the ability to list NFTs directly on Song.
Transaction fee 0% Blur charges 0% for NFT sales, unlike other NFT marketplaces which charge a commission.
Live update: Updates important information about the collection, such as floor price, trading volume and number of holders, regularly.
Provide NFT Portfolio management tool, which includes important information about NFT, profit/loss…
Optimized interface that provides complete information about an NFT collection on a single page.
Features: The platform claims it can run up to ten times faster that other NFT aggregators. It displays pending transactions on NFTs in less then a second and updates listings every four seconds. Blur users have a significant advantage when sniping NFTs thanks to its lightning fast pending transactions display and near-instant metadata updates. Blur’s gas preference presets allow users to outcompete others who buy NFTs via other exchanges and aggregators, by getting their purchase transactions processed quickly. Blur’s contracts are optimized better than other marketplaces, allowing users to save up to 17% on gas costs. Blur’s interface is praised for clearly displaying the rarity of NFT traits and allowing users to see the floor prices for specific attributes. Blur takes the guesswork out of finding the lowest listing for each trait and presents the data in an easy-to-understand format. This feature allows users to accurately value their assets and can be used by those who want to snipe NFTs that have undervalued attributes. Blur is also ahead of its competition by offering tools that allow users to “sweep” the floor – which is slang for purchasing multiple low-priced NFTs from one collection. Each collection has a floor depth chart that shows how many NFTs are listed at different intervals above the floor. This helps prospective sweepers see how their purchases will impact market. Blur Sweeping also offers a few quality-of-life updates. These include skipping NFTs with pending transactions (again, helping to save gas) as well as skipping NFTs marked suspicious or stolen. Blur’s gas-optimized bulk listing, delisting and listing functions make it easy to resell swept NFTs. Blur’s features are only available for Ethereum-based NFTs. This is the only problem. Blur NFT Marketplace team hinted that it will integrate NFTs on other blockchains such as Polygon in future. What is BLUR token and how does it work? BLUR token is Blur’s long-awaited native token. It is an ERC-20 governance token and will have a maximum supply limit of three billion. Airdrop holders receive 12% of the supply, while 78% is delegated to 2 key contracts. The remaining 9% is owned by a multisignature wallet controlled and managed by the Blur team. CoinMarketCap’s earliest information puts the token’s fully diluted value at $14 billion. A $1,000,000 BLUR token is currently trading for just $5. However, the most recent figures show that 9% of the supply has been delegated to two key contracts and 9% owned by a multi-signature wallet controlled by the Blur team. The first airdrop was for those who were “stuck” in a bear market. Anyone who traded NFTs on Ethereum during the six months prior to Blur’s October launch. The second included care packages. The BLUR token is for users who have listed NFT on Blur between October 19th and December 5. The third batch is for traders who have placed bids on Blur. This is the largest of all three airdrops. Active users who keep up with this system have been anticipating the token launch a lot.The event that the NFT investment community has been looking forward to since the end of January until now is the release of BLUR tokens by NFT Blur and an airdrop for early supporters.Accordingly, those who have participated in NFT listing and trading on Blur since the project was launched in October 2022 will have the opportunity to receive NFT “Care Packages” with a different rarity. These NFT packages will be available to holders as of February 14, 2023 at 1:30 PM ET. They will allow them to receive BLUR tokens in a different rarity. its. Instead, liquidity is incentivized by a second airdrop. Users who list NFTs on their platform are rewarded (and not for the actual sale). They also removed the refund from wash trades. The market also offers a third airdrop that focuses on Blur’s bids. It does this by offering greater rewards to bids that are closer than the floor price and more accurately reflect the true market price. Information about BLUR tokenomics. Total supply (total supply: 3 billion tokens) airdrop 1.
In year 1, 40% of the total supply will be released
30% in the year 2.
20% in the year 3.
10% in the year 4.
BLUR UtilitiesBLUR is the market’s governance token. This will allow the platform to move towards a decentralized future. Blur will also be taking a unique approach with token dynamics to the royalty debate. Platform users who choose to keep creator royalties will receive multiple tokens. More information was reported. Web3 will need to wait to see how Blur’s users respond to the BLUR token release. Nansen, a Web3 analytics company, recently highlighted the reactions of LookRare users to its native token when it launched. He noted that most holders had sold, transferred, or staked their tokens. Users should be cautious about allowing malicious actors to extract their tokens. Observers have seen fake Blur token contracts being used to deceive users. Blur isn’t the Bored Ape Yacht Club, despite its recent success. The community’s reaction to Blur’s launch and the utility and value it brings will have a significant impact on the future success of this market leader. If they’re not careful, things can go awry very quickly.Project teamThe project does not share all information about the team, however, the Twitter nick named @PacmanBlur is acting as a representative from the team to interact with the community.According to sources shared on Mirror, the individuals behind Blur are experienced NFT traders and developers from MIT, Citadel, Five Rings Capital, Twitch, Brex, Square, and Y Combinator.InvestorsIn March 2022, Blur announced successful fundraising of more than 14 million USD in the seed round with the participation of Paradigm, eGirls Capital, 0xMaki, LedgerStatus, Keyboard Monkey… In which Paradigm is the leading investment fund for Blur.ConclusionOverall, Blur is an extremely promising NFT market and is rapidly gaining traction in the space. Blur is a promising NFT market and is rapidly growing in popularity. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comFoxyCoincu NewsTags: # Cryptocurrencies#MarketsBlockchainBlurcryptoEthereumNFTnft marketplace