BLUR is a brand-new NFT trading market for professional traders that includes both aggregator and scanning functions, with the goal of subverting the NFT trading market by providing better functions and faster trading speed. In a nutshell, BLUR is a cross between Opensea and GEM.
Table of Contents
1. Showcase at home
The image below depicts the BLUR homepage, which displays NFTs ranked by daily transaction volume. You can directly search for the NFT name in the top right corner. NFT projects, floor price, daily transaction volume change, 7-day transaction volume change, 15-day transaction volume, daily transaction volume, 7-day transaction volume, number of users, and the total amount of NFT are all displayed on the interface.
After selecting your preferred NFT, all of its attributes, transaction volume ratios for each attribute, floor price, and last transaction price will be displayed to assist users in evaluating the NFT’s value.
The NFT’s pending orders and real-time transaction information are displayed on the right, and the NFT’s price depth chart is displayed on the lower right side, which can be used to judge the price depth of each price range as well as to evaluate the required funds for floor-sweeping.
2. NFT Listing
Users can choose which markets to list at the top and whether to adjust the price due to different transaction fees in each market during the listing process.
In terms of pricing, you can use either the lowest price or the reserve price of the highest rarity feature, and royalties are entirely up to you. Following the setting of the price, the bottom line will show the profit sold in each trading market. After you’ve confirmed, click List to list.
Despite the fact that Blur’s market has been in closed beta for several months, Blur’s 7-day trading volume is currently ranked second in the market, just behind Opensea. (Please keep in mind that internal beta participants will receive additional token airdrops.)
Blur has launched two rounds of airdrop plans for NFT members. In the first airdrop, NFT users who traded in NFT markets such as Opensea, LooksRare, and X2Y2 within the first 6 months are eligible for the Care Package airdrop, which contains BLUR tokens. You simply need to list an NFT on the Blur platform within 14 days.
The following airdrop Blur will give away airdrop packages to anyone who actively participates in pending orders and transactions on its platform. According to the project party, the number of airdrops in the second round is much higher than in the first round, and eligible traders will receive more airdrop packages.
2. Token Economics
Tokenomics has not yet been revealed.
3. Investing
Blur has raised more than $14 million in a funding round, according to the company’s official website. Among the investment firms are Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, Keyboard Monkey, and others.
4. Project Evaluation
The current NFT market prioritizes ordinary traders’ trading experience while ignoring the growing needs of professional traders. Blur is a professional NFT trader, but its target group is relatively small when compared to ordinary traders, and because Blur uses a lot of pixel style, some users may be unfamiliar with its operation; the NFT collection in Blur lacks basic information settings, such as the project’s Twitter, official website, Discord, and so on. This is critical for the majority of users, and it may cause some to leave.
The competition in the NFT trading track is currently quite fierce. While current competitors such as Opensea, Gem, Genie, and other platforms are growing, Element has also supported aggregate transactions, which can meet market-sweeping needs. This is a significant challenge for Blur. However, unlike other platforms such as Opensea, the Blur market does not charge market fees and using Blur’s NFT market, aggregators, and advanced trading tools does not incur any transaction fees. This could be Blur’s short-term strategy for attracting users.
Furthermore, Blur’s transaction volume is currently the second highest, following its airdrop expectations. According to community user feedback, Blur’s transaction speed is significantly faster than that of other platforms.
Blur currently only supports NFTs that use the ERC-721 token standard, and many NFTs that use the ERC-1155 standard are not displayed. Furthermore, the floor price display of some NFTs on Blur needs to be improved because some of them are incorrect.
Where to buy Blur Token？
If you’re wondering where you can buy Blur at the moment, the top cryptocurrency exchanges for trading Blur stock are currently OKX, MEXC, BTCEX, and Bybit. You can also look at the BLUR live price and the Blur price trend on the MEXC exchange crypto price analysis.
You can buy BLUR tokens for the Blur NFT Marketplace by following these steps:
- Go to a cryptocurrency exchange that supports BLUR tokens, such as MEXC.
- Create an account on the exchange and go through the verification process.
- Deposit the cryptocurrency you intend to use to purchase BLUR tokens. The majority of exchanges accept Bitcoin (BTC) and Ethereum (ETH) as base trading pairs.
- Once your deposit has been confirmed, look for the BLUR token and navigate to the BLUR your deposited cryptocurrency trading pair.
- Put in a buy order for the number of BLUR tokens you want to buy and confirm the transaction.
BLUR tokens should be stored in a secure wallet that supports the token, such as MetaMask, MyEtherWallet, or Trust Wallet.
