What is Blur NFT Marketplace 2023? Complete Overview

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Blur NFT Marketplace

Blur NFT Marketplace is a new platform that functions as both a marketplace and an aggregator, allowing users to list their NFTs for sale on multiple platforms at the same time with no royalties charged. It promises better tools, more liquidity for NFTs, and a faster experience than its competitors.

What Is Blur NFT Marketplace?

Blur.io is an Ethereum mainnet NFT Marketplace that was launched on October 19, 2022 and has quickly become the #1 trading platform for NFTs by volume. Unlike other marketplaces that cater to retail users, Blur is geared towards professional NFT traders.

Blur’s native governance token is BLUR. Blur is a one-of-a-kind non-fungible token (NFT) marketplace and aggregator platform with advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT comparisons.

It claims to have faster NFT sweeps and a more user-friendly interface than competing platforms.

As a result, many professional NFT traders prefer to use Blur for their trading activities — though this could be due to incentives such as the recent airdrop of 360 million BLUR tokens — worth approximately $355M at the time of writing.

It is an Ethereum-based platform that has received over $14 million in funding from world-class investors and traders such as Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, Keyboard Monkey, and many others.

Blur NFT Marketplace Review

Blur NFT Marketplace is a new platform that allows professional NFT traders to buy, sell, and list their NFTs on multiple platforms at the same time, with no royalties and a simple fee structure.

Total Volume Traded in NFTs – $1.4 Billion+

Available Network – Ethereum Only

Key Features – NFT Sweeping, NFT Marketplace Aggregator & Zero Fees.

RATING – 5.0 out of 5.0

Who Are the Founders of Blur (BLUR)?

Blur’s founders and developers are only known by pseudonyms. Pacman, a Web3 developer, is the company’s founder. Zeneca, the founder of ZenAcademy and The 333 Club, has been appointed Director of the Blur Foundation.

Blur claims that the team has worked at MIT, Citadel, Five Rings Capital, Twitch, Brex, Square, and Y Combinator.

Blur NFT Marketplace Fees

Blur has a very trader-friendly fee structure and does not charge transaction fees to platform users. Blur recommends a 0.5% default royalty rate for buyers when it comes to royalties, which are required for a certain percentage of secondary transactions on other marketplaces.

This, however, can be customised and even set to 0 if the user so desires. Blur.io, in general, provides a more convenient and cost-effective platform for professional NFT traders.

$BLUR Token Airdrop

After Season 1 of the incentivization programme concluded, the Blur platform recently completed its $BLUR token airdrop. Users were rewarded with ‘Care Packages’ for providing liquidity and trading on the platform, which could be opened on February 14th at 12PM EST. Some traders earned up to $3 million in $BLUR tokens, and the project was launched with a $400 million valuation.

Blur will have another round of airdrops for ‘Season 2’. The best way to earn $BLUR tokens in the next airdrop is to use the platform by purchasing, selling, and listing your NFTs.

What Is Unique About Blur Nft Marketplace?

Blur NFT Marketplace
Blur NFT Marketplace

Blur Nft has been specifically designed to excel in areas where other platforms fall short, most notably the contentious NFT creator royalties category. It helps creatives by rewarding those who pay royalties with additional BLUR tokens, and it strives to strike a fair balance between creators and traders.

Unlike OpenSea, it does not fully support secondary market creator royalties. However, in February 2023, it announced that any collections that blocked sales on OpenSea would be able to collect their full royalty fees on Blur.

Despite being geared towards professional traders, newcomers to the NFT market can benefit from Blur’s various features with a little time spent learning how to use the platform.

Blur also distinguishes itself from other NFT marketplaces with a plethora of features that facilitate better NFT trading experiences and may assist traders in optimising profits. It allegedly has a faster NFT sweep and snipe function, real-time price feeds, and a price-based sorting function. It connects to X2Y2, OpenSea, and LooksRare as an aggregator (LOOK).

Notably, there are no trading fees for NFT sales on the platform, and traders can view their digital assets via Blur’s portfolio tab, which provides information on rarity, value, profit and loss, and more.

How Many Blur (BLUR) Coins Are There in Circulation?

Currently, there are 360 million BLUR tokens in circulation, with a maximum supply of 3 billion scheduled for eventual release.

How Is the Blur Nft Network Secured?

BLUR operates as an ERC-20 token on the Ethereum blockchain, secured by Proof-of-Stake — the Ethereum network’s consensus mechanism following the Merge event in 2022.

Validators are used to confirm transactions in this mechanism, and validators stake 32 ETH to participate in consensus and validating transactions.

BLUR Marketplace Growth

Blur has grown to become the world’s largest NFT Marketplace thanks to their incentive programme. Due to its user-friendly UI, low fees, and deeper liquidity for NFTs, it successfully flipped OpenSea within 6 months of its release.

With over 400,000 active users and $1.4 billion in traded volume, the platform boasts impressive statistics.

Where Can You Buy Blur (BLUR)?

The top cryptocurrency exchanges for Blur token at the time of writing are Coinbase, KuCoin, Kraken, Uniswap, OKX, Huobi, Bybit, BTCEX, BingX, Bitget, and others. Others are listed on our cryptocurrency exchanges page.

FAQ (Frequently Asked Question)

What is Blur NFT marketplace?

Blur is an NFT marketplace and aggregator for non-traditional investments. Users can compare NFTs from different marketplaces, manage portfolios with advanced analytics, and purchase NFTs. On October 19, 2022, it will be launched.

What is Blur NFT marketplace Key Feature?

NFT Sweeping, NFT Marketplace Aggregator & Zero Fees.

Blur NFT marketplace Available Network?

Ethereum Only

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