The NFT market is a segment that has been hot since 2021, and after about two years of development, many application ecosystems have emerged. In the NFT exchange track, big platforms (exchanges), as Binance, Huobi and OKX in the crypto market, are destined to emerge. Since the launch of OpenSea, the first NFT trading platform, NFT exchanges have been on a boom. Outstanding NFT exchanges have showcased their performance, such as X2Y2, LooksRare, etc. For BLUR, as a dark horse in 2022, has demonstrated strong momentum for future growth. By avant-garde and reliable technical settings along with encouraging incentive plan, it grasps the attention of general public like thunder. This article provides a quick overview of BLUR’s background and advantages for better discovery of BLUR’s token value and more rational expectation of the platform.
1. Background of BLUR
While the more widely recognized NFT trading marketplaces are OpenSea, X2Y2 and LoosRare, Blur is a novice NFT marketplace that has received investment from well-known investors since inception, such as Paradigm and Bharat Krymo. The BLUR team is an all-star that is made up of people from MIT, Citadel, Five Rings Capital, Twitch, Brex and Square, etc. Blur has introduced various innovative features and aggregated NFT series from trading marketplaces such as OpenSea, LooksRare and X2Y2, as well as allowing users to list their own NFTs on Blur, Blur has been under the spotlight since the launch in the second half of 2022.
2. Features of BLUR
2.1 Ultra-fast trading speed
The Blur platform runs ten times faster than other NFT aggregators. Pending transactions on NFT are displayed in less than one second, the list is updated every four seconds. Thus, there is essentially no need for refreshing. Such almost instant display and near real-time updates of metadata have been an absolute advantage for those who are willing to purchase NFT in short time. In addition, Blur’s gas priority setting has created a comparative advantage to BLUR users to increase the probability that other competitors from different exchanges or aggregators are defeated when bidding on the same NFT.
2.2 User-friendly and flexible interface
**Blur’s interface has customizable features. **When browsing the NFT collection, the display mode can be changed to either in list or in block tailored to preferences of users. Unlike OpenSea, which requires users to switch tabs to view sales history and other analytics, Blur presents everything on a single page, making it easier for users to access and compare all relevant NFT collection data. In addition, other accessibility features, such as light and dark mode, gas fee tracker and ETH feed data, are standard.
2.3 Rich NFT tools
Display on rarity of NFT and the floor price with specific attribute. On the Blur platform, the attributes and prices of NFTs are clearly displayed. The ability to display the floor price of NFTs under a specific attribute ensures NFT players who have a preference for a particular attribute to pick their designated NFT.
Blur does not set up a separate NFT product detail page like other NFT trading marketplaces, but rather a drop-down menu that lists key information about the transaction that is critical to the transaction, such as current price, floor price, current holder and number of holdings and shelf time. Moreover, the percentage of each NFT with special attribute, current floor price and last price sold are also contained.
2.4 Complete incentives
Blur has officially launched with three rounds of airdrops after four months of testing; many have received surprise gift box from the first and second round. The first airdrop of Care Package can be activated with trading records within six months. These gift packages contain a random number of BLUR tokens, which are governance tokens. In order to receive these packages, traders must add at least one NFT on the Blur marketplace. The rewards will be received once BLUR token is available and activated.
3. The future of BLUR platform: a big name in the NFT market, promising value for BLUR tokens
From the perspective of data availability on NFT, BLUR is undoubtedly the best, summarizing all the NFT information including floor price, properties, rankings, cost, etc.; by transaction speed, BLUR platform can almost achieve real-time trading, some ten times faster than Opensea, LooksRare and other platforms, which is heavenly for speculative NFT players. By transaction cost, the low transaction difficulty and transaction fees not only make BLUR favored by average NFT investors, but more accepted by professional players.
From the team background, BLUR’s team members are top-notch builders from well-known colleges and universities wishing to bring disruptive changes to the industry. The team is well funded with continuous follow-up supportive fundings. In the next 1–2 years, BLUR platform will most likely surpass Opensea and become the leading platform in the NFT market, and BLUR, which is the platform token, will highlight its value. Let’s stay tuned.
Special reminder: Huobi has announced the opening of $BLUR for deposit and withdraw; spot trading will be open when sufficient liquidity is in place, so please pay attention and stay tuned. We suggest registration of Huobi account in advance for prompt withdraw and staking.
