What is Blur? Blur is an Ethereum-based NFT Marketplace Aggregator platform designed for NFT traders and collectors. Let’s find out what is special about this project with Weakhand in this article.
What is Blur?
Overview of Blur
Blur is the foundation NFT Marketplace Aggregator on the Ethereum platform designed for the traders. traders and collectors NFTs. Users do not have to list NFTs on the exchange to trade, Blur automatically aggregates data from many different NFT exchanges such as: OpenSea, LookRare, X2Y2,… so users can trade NFTs only on a single place. This makes it convenient for users to choose suitable NFTs.
Blur was launched in October 2022 and quickly rose to become one of the leading NFT Marketplaces on Ethereum. Blur’s goal is to build a platform that is equitable and empowers the community. BLUR token holders (the platform’s main token) can participate in governance decisions, earn rewards, and access exclusive features.
Blur’s mechanism of action
To start using the Blur platform, users need to connect their electronic wallet. Currently, Blur supports 3 cryptocurrency wallets: MetaMask, WalletConnect and Coinbase Wallet.
After connecting the wallet, users can buy/sell NFT collectibles through Blur from other users and creators. When trading on the Blur platform, traders only pay creator royalties also known as supply side fees.
Blur also supports two user modes: Trader and Collector. Trader mode offers more charts, more data, and a condensed view while collector mode shows a clearer view with larger images and a familiar interface.
What is the Blur difference?
Blur is known as one of the fastest NFT Marketplace platforms at the moment. The team also claims that Blur is 10 times faster than Gem (a platform acquired by OpenSea and renamed OpenSea Pro).
In addition, Blur also supports Tools for Traders and the fact that users can switch between light and dark interfaces is also a big plus of the platform.
Core Team
The project does not have a fixed team, project members operate under the Blur Foundation.
Investor
March 28, 2022: Blur announced a successful $11M fundraising led by Paradigm. There are also other investors such as: eGirl Capital, 0xMaki, LedgerStatus,…
Tokenomics
Basic information about tokens
- Token Name: Blur
- Ticker: BLUR
- Blockchain: Ethereum
- Contract: 0x5283d291dbcf85356a21ba090e6db59121208b44
- Token Type: Utility, Governance
- Total Supply: 3,000,000,000 BLUR
Token Allocation
Token Release
BLUR tokens are distributed over 4 years with the following process: Year 1: 40%, Year 2: 30%, Year 3: 20%, Year 4: 10%.
Token Use Case
BLUR tokens are used to:
- Governance: Vote on activities on the platform.
- Fee regulations applicable to Traders.
- ….
Exchanges
BLUR tokens can be traded on both DEX and CEX exchanges such as: Coinbase Exchange, Kucoin, OKX, Uniswap (V3),…
Information Channel of Blur Project
- Website: https://blur.io/
- Twitter: https://twitter.com/blur_io
- Discord:
summary
Although it has only been launched for less than a year, Blur has made huge breakthroughs by surpassing OpenSea – a long-standing NFT trading platform. Hopefully the information I provide in this article has helped everyone have an overview of Blur.