Article Summary, Automatically Generated By AI
About Blur
Key Points
- BLUR is the native governance token of Blur, a unique NFT marketplace and aggregator platform.
- Blur has raised over $14m from world-class investors and traders.
- The platform has a total supply of 3 billion BLUR tokens, with 360 million currently in circulation.
- Blur operates on the Ethereum blockchain as an ERC-20 token, secured through Proof-of-Stake.
- The platform has no trading fees for NFT sales and offers features like real-time price feeds, portfolio management, and multi-marketplace NFT comparisons.
Numbers and Figures
- $355M: Worth of 360 million BL
About Blur: Unveiling the Pinnacle of NFT Marketplaces
Introducing Blur (BLUR): A Revolutionary Force in the Digital Realm
BLUR is the native governance token of Blur, a pioneering non-fungible token (NFT) marketplace and aggregator platform that boasts cutting-edge features, including real-time price feeds, comprehensive portfolio management, and multi-marketplace NFT comparisons. Notably, it touts faster NFT sweeps and a more user-friendly interface compared to its peers.
Consequently, a growing number of professional NFT traders are increasingly drawn to Blur for their trading activities, partly owing to enticing incentives such as the recent airdrop of 360 million BLUR tokens, valued at approximately $355 million at the time of writing. As an Ethereum-based platform, Blur has secured over $14 million in funding from a prestigious roster of investors and traders, including Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, Keyboard Monkey, and many others.
BLUR burst onto the scene in October 2022, garnering widespread attention with its pledge to bestow airdrops of BLUR tokens upon the top platform users.
The Visionaries Behind Blur (BLUR): Meet the Founders
The enigmatic founders and developers of Blur operate under the veil of pseudonyms. The founder, known only by their moniker Pacman, boasts a background as a seasoned Web3 developer. Meanwhile, Zeneca, the visionary behind ZenAcademy and The 333 Club, has assumed the role of Director of the Blur Foundation.
Notably, the team boasts a wealth of experience garnered from esteemed institutions, including MIT, Citadel, Five Rings Capital, Twitch, Brex, Square, and Y Combinator.
The BLUR Airdrop: A Revolutionary Initiative
A series of Blur airdrops granted access to BLUR tokens in the form of Care Packages, which featured four tiers of rarity. These packages were distributed to users who actively participated in beta testing six months prior to the official Blur launch in October 2022. The second airdrop was reserved for traders who actively listed on the marketplace through November 2022, while the third allocation was designated for traders who placed bids on Blur up until February 14, 2023.
The February 2023 airdrop was a monumental global phenomenon, with BLUR’s valuation surging to over $5 before plummeting to under $1 within a mere 24 hours, as numerous recipients opted to liquidate their holdings immediately.
Unveiling the Distinctive Attributes of Blur (BLUR)
Blur has been meticulously crafted to excel in areas where other platforms falter, particularly in the contentious realm of NFT creator royalties. By providing creatives with additional BLUR tokens as an incentive, it fosters a fair and equitable balance between creators and traders, thereby empowering those who pay royalties.
Notably, it falls short in fully supporting secondary market creator royalties, unlike OpenSea. However, in a bold move in February 2023, it declared that any collections that restricted sales on OpenSea would be eligible to collect their full royalty fees on Blur.
While primarily designed with professional traders in mind, Blur’s multifaceted features can also be leveraged by newcomers to the NFT market, provided they invest time in familiarizing themselves with the platform’s functionality.
Blur distinguishes itself from other NFT marketplaces by offering a plethora of features designed to elevate the NFT trading experience, thereby empowering traders to maximize their profits. Notably, it boasts a rapid NFT sweep and snipe function, real-time price feeds, and a price-based sorting mechanism. As a versatile aggregator, it seamlessly connects to prominent platforms such as X2Y2, OpenSea, and LooksRare (LOOK).
Notably, the platform boasts a unique advantage: zero trading fees for NFT sales. Furthermore, traders can effortlessly access and manage their digital assets via Blur’s intuitive portfolio tab, which provides a comprehensive overview of their holdings, including rarity, value, profit and loss, and other essential metrics.
Blur (BLUR) Coin Circulation: Understanding the Total Supply
Presently, the circulating supply of BLUR tokens stands at 360 million, with a capped maximum supply of 3 billion slated for future release.
The Security Architecture of the Blur Network: A Robust Framework
BLUR operates on the Ethereum blockchain as an ERC-20 token, secured through the Proof-of-Stake consensus mechanism, which has been the backbone of the Ethereum network since the 2022 Merge event. This mechanism employs validators to confirm transactions, with each validator required to stake 32 ETH to participate in the consensus process and validate transactions.
Where to Acquire Blur (BLUR): A Comprehensive Guide
If you’re seeking to acquire BLUR at the prevailing rate, the premier cryptocurrency exchanges for the Blur token include Coinbase, KuCoin, Kraken, Uniswap, OKX, Huobi, Bybit, BTCEX, BingX, Bitget, and several others. For a comprehensive list, please refer to our dedicated crypto exchanges page.