Blur is a new generation NFT marketplace that offers advanced analytics, excellent portfolio management capabilities and the ability to compare NFTs on multiple marketplaces. OpenSea has long been known as the largest NFT marketplace, which has benefited greatly thanks to the explosion of NFT collectibles over the past 2-3 years. As Token Terminal reported, OpenSea earned more than 350 million USD in the past year, just behind Ethereum.
However, as more adverse news spread like CFO departed from his position or allegations of money laundering, OpenSea has lost a number of users. Meanwhile Blur, with its outstanding products and features, has taken away a large amount of market share from OpenSea.
What is Blur?
Blur is a decentralized NFT marketplace that targets both collectors and pro-traders. While other marketplaces, most of their features only serve for simple buying and selling, Blur is integrated with many useful features such as portfolio management, wallet checking, transaction charts, and more.
Blur also serves as an aggregator which connects to X2Y2, OpenSea and LooksRare. As traders acquire NFTs, they can view their digital assets through Blur’s portfolio tab. This tab delivers information about rarity, value, profit and loss and more.
Outstanding features
High speed
Blur is one of the fastest NFT aggregators today. Blur runs ten times faster than other NFT aggregators. Pending transactions on NFT are displayed in less than one second, the list is updated every four seconds. Such almost instant display and near real-time updates of metadata have been an absolute advantage for those who are willing to purchase NFT in a short time.
0% transaction fee
Other NFT exchanges all charge a fee for their service. With Blur, the platform is completely free.
Advanced trading tools
When users connect their wallets to Blur, they will have access to portfolio management of their existing investments. In addition, users can look up other people’s wallets to see their portfolio, entry point, and more.
Optimized interface
Blur is an NFT marketplace that focuses on traders so its interface is very intuitive and friendly. Blur presents everything on a single page, making it easier for users to access and compare all relevant NFT collection data.
NFT Royalties
Via Blur, NFT owners can establish creator royalties for their assets when they list them on the marketplace.
Investors
Blur completed a seed round of $11 million in March 2022. The biggest investment fund in this round is Paradigm, one of the top tier investment funds in the crypto market. Other investors include: eGirl Capital, Ledger Status, Santiago Santos, 0xMaki and major KOLs in the NFT field such as 6529, Zeneca, Deeze, etc.
Tokenomics
Token Metrics
- Token Name: Blur
- Ticker: $BLUR
- Blockchain: Ethereum
- Contract: 0x5283d291dbcf85356a21ba090e6db59121208b44
- Token type: Utility, Governance
- Total Supply: 3,000,000,000 $BLUR
Token Distribution
- Community: 51%;
- Contributors: 29%;
- Investors: 18.8%;
- Advisors: 1.2%.
Token Release Schedule
Competitor
Before Blur launched, the biggest rival of OpenSea was Looksrare. However, Blur has gained more than 20% market share in the NFT marketplace field on Ethereum, just after OpenSea, so Blur’s biggest competitor is OpenSea.
Exchanges
On February 14, BLUR was officially listed on some centralized exchanges such as Bitget, Houbi, Coinbase, Gate, Kucoin. Also, users can now search BLUR on DEX Uniswap.
Storage Wallets
Since Blur is developed on the Ethereum network, users can store BLUR tokens on several wallets like MetaMask or MyEtherWallet, etc.
More information about Blur, you can visit:
- Website: https://blur.io/
- Twitter: https://twitter.com/blur_io
- Discord: https://discord.gg/blurdao