Blur NFT Marketplace: Introduction
Famous investors include Paradigm, Cozomo Medici, Zeneca, OSF, MoonOverlord, Deeze, Andy8052, and Keyboard Monkey support Blur, a new NFT marketplace. These investors helped the business that runs Blur NFT Marketplace raises $11M. Developers and creators with backgrounds from MIT, Citadel, Five Rings Capital, Twitch, Brex, Square, and Y Combinator are included in the team.
Before it was formally introduced on October 19, 2022, the new marketplace spent 276 days in a private development stage. Compared to most NFT marketplaces, Blur uses a different royalties structure.
The marketplace is steadily expanding in terms of daily sales counts, volume (ETH), and unique users, according to SeaLaunch, an NFT research account that develops Dune analytics dashboards.
Blur also gains market share relative to other marketplaces (except OpenSea).
The paradigm-backed NFT marketplace Blur (Blur. io) has been launched recently. It targets professional traders and bills itself as the fastest NFT marketplace.
What Is Blur’s Airdrops
Blur is a real-time marketplace and aggregate NFT airdrop platform for professional traders. Blur is now operational, and its marketplace, aggregator, and cutting-edge trading tools are free.
The team consists of individuals from Y Combinator, Twitch, Square, Citadel, MIT, and more. In March, Blur closed an $11 million seed round with backing from Paradigm, eGirl Capital, LedgerStatus, 0xMaki, and others.
Users can get Care Packages from Blur that are airdropped with Blur tokens. When Blur NFT opens in January 2023 of next year, users can access their Care Packages. According to reports, customers who have kept up their NFT trading during the past six months would be eligible for the airdrop.
Additionally, to be eligible for the airdrop, individuals who match the abovementioned requirements must list just one NFT on Blur in the upcoming 14 days. In 14 days, the airdrop will be ready for claim (before November 2, 2022).
Additionally, for all traders that list on Blur in November, Blur will conduct a 2nd Care Package airdrop (much larger than the first airdrop). More active NFT collects or listing blue chip NFTs are supposed to help with airdrops. You will receive more airdrops if you list more NFTs. Additionally, traders who set royalties higher than 0.5% will receive an airdrop much better than those who just set royalties to 0.5% or 0%.
How Can I Earn Tokens?
- Check out the Blur marketplace airdrop page.
- Connect your wallet to Metamask.
- Users who have kept up their NFT trading during the past six months are eligible for the airdrop.
- If you meet the requirements, you must list a single NFT airdrop on Blur in the following 14 days.
- Users who follow the above instructions are eligible to claim the Care Package through November 2, 2022.
- You can keep adding NFT to Blur.
- All traders who list on Blur in November will be eligible for a 2nd Care Package airdrop from the exchange.
Is Faster Sweeping Possible With Blur NFT Marketplace?
NFT Marketplace Blur combines an aggregator with a marketplace. You can study and buy numerous NFTs simultaneously from various marketplaces using aggregators. Genie.XYZ and Gem.XYZ is Blur’s main competitor in this regard. OpenSea purchased the latter in April.
Since then, Gem has continued to operate independently, and OpenSea plans to incorporate some of its capabilities into its marketplace.
Both Blur NFT Marketplace and aggregation services are primarily intended for professional traders. Pro traders frequently floor sweep, which entails buying all NFTs at their floor price.
This use case necessitates acquiring many NFTs in a single transaction. Whales and experienced traders typically do this before the anticipated significant momentum of a project.
NFTs must be purchased in bulk if this is to be done quickly. High transaction speed is essential in addition to a fee reduction.
There hasn’t yet been a thorough comparison of the various NFT aggregators that Blur is a part of. According to data from transactions in the private phase, Blur claimed that their transactions were ten times faster than Gem’s. According to a recent tweet, they are the top volume aggregator.
New NFT Marketplace Blur Is Courting Professional JPEG Traders With An Airdrop
With no trading fees and an airdrop of its native token to JPEG collectors who have continued to trade despite the bad market, a popular new non-fungible token (NFT) marketplace has entered.
With over $14 million in funding from venture capital juggernaut Paradigm, NFT-native investment fund 6529, digital art collector Cozomo Medici, and others, Blur, an Ethereum-based platform, launched a beta version on October 26, 2022.
The platform will soon airdrop its Blur token to everyone who has traded Ethereum-based NFTs in the previous six months. These features include “floor sweeping” across several marketplaces, reveal “sniping,” and portfolio analytics tools.
Users who want to take advantage of the airdrop must list one of their NFTs on the exchange, which gives them access to “care packages” that they may later exchange for tokens.
When the company’s token and protocol governance is introduced in January, care packages will be able to be opened using Blur tokens, according to a statement from the business. This is just the beginning of our efforts to turn Blur NFT into a resource from which the entire NFT community can use and profit.
The Blur NFT Marketplace has devised a rewards program that encourages users to pay royalties in exchange for more Blur tokens, even if it follows the current trend of optional royalties to draw users.
The top marketplace on the Solana blockchain, Magic Eden, recently switched to a royalty-optional model, igniting a controversy that has dominated the NFT sector for the past several weeks.
NFT Marketplace Blur Closes In On OpenSea In 24-Hour Trade Volume
According to Dune Analytics, the brand-new NFT (non-fungible token) exchange Blur saw 1,160 ETH traded on its platform in a single day, putting it slightly below OpenSea in terms of the 24-hour trading volume.
Although trading on Wednesday outperformed other Ethereum blockchain-based rivals like LooksRare and X2Y2, OpenSea still has a significant lead over Blur, according to the dashboard made by NFT data aggregator Sea launch.
On October 26, 2022, the platform had 2,527 unique users and generated 10,911 sales.
The dashboard’s 24-hour trade volume figures, which put OpenSea in first place with $8.9 million, were supported by other data-tracking platforms, such as DappRadar, which does not yet capture data from Blur NFT Marketplace.
Following X2Y2 ($1.7 million) and LooksRare ($406,000), Blur came in second.
Features Of The Blur NFT Marketplace
1. According to Dune Analytics, the brand-new NFT (non-fungible token) exchange Blur saw 1,160 ETH traded on its platform in a single day, putting it slightly below OpenSea in terms of the 24-hour trading volume.
2. Although trading on Wednesday outperformed other Ethereum blockchain-based rivals like LooksRare and X2Y2, OpenSea still has a significant lead over Blur, according to the dashboard made by NFT data aggregator Sea launch.
3. On October 26, 2022, the platform had 2,527 unique users and generated 10,911 sales. The dashboard’s 24-hour trade volume figures, which put OpenSea in first place with $8.9 million, were supported by other data-tracking platforms, such as DappRadar, which does not yet capture data from Blur. Following X2Y2 ($1.7 million) and LooksRare ($406,000), Blur came in second.
4. On Twitter, Blur acknowledged the achievement and noted that it had “become the #2 NFT marketplace by volume (excluding wash deals)!” in addition to being the “#1 aggregator” for NFTs.
5. Traders may utilize the Blur marketplace to sweep floors and snipe reveals thanks to real-time data from numerous markets.
6. Floor price, trait floor price, and ladder list are some available listing options. Utilizing integrated analytics portfolio management is possible. At this time, the trader has free access to all functions.
X2Y2 Blocks New NFT Marketplace Blur
Blur has been prohibited from utilizing X2Y2’s NFT listings. By requesting more than ten keys for X2Y2’s API, the recently launched NFT marketplace has been charged with breaking the terms of service.
The highly rewarded NFT platform X2Y2 mentioned Blur NFT Marketplace in a tweet. The tweet signifies that Blur is stopped using the listings on the website of X2Y2 because Blur violated the terms. The reason is that Blur requests ten or more keys to access the API of X2Y2. Hence Blur is banned by the X2Y2.
However, the cease-and-desist injunction did not impress all Blur users. In his response to X2Y2 and Blur, Loopifyyy stated that the order was absurd.
Further Read: NFT Marketplace Development: An All-In-One Guide
Blur NFT Marketplace: FAQs
1. What Is An NFT Marketplace?
Such a market that serves as a public Blockchain platform is the non-fungible token market or NFT market.
2. How to Create an NFT Marketplace?
You will require a cryptocurrency wallet to store and exchange your best NFT tokens for an NFT marketplace. Users must register for an account, submit their digital creations, and then use the marketplace to sell their goods.
3. What is airdrop in crypto, and how does it work?
Startups utilize crypto airdrops as a marketing tactic to distribute tokens to active cryptocurrency traders for nothing or in exchange for little to no promotional work.
I’m Rajeev Sharma, Co-Founder and CEO of Markovate, an innovative digital product development firm with a focus on AI and Machine Learning. With over a decade in the field, I’ve led key projects for major players like AT&T and IBM, specializing in mobile app development, UX design, and end-to-end product creation. Armed with a Bachelor’s Degree in Computer Science and Scrum Alliance certifications, I continue to drive technological excellence in today’s fast-paced digital landscape.