We’re excited to announce that Blur has raised an $11 million seed round led by Paradigm to build the best NFT marketplace for pro traders. Joining Paradigm in this round are other amazing partners including eGirl Capital, Keyboard Monkey, LedgerStatus, 0xMaki, Santiago Santos, Zeneca, Deeze, Andy (Fractional) and more whose expertise will help us achieve our ambitious roadmap.
Current NFT marketplaces prioritize the retail experience, but they neglect the growing needs of pro traders. Infrastructure has failed to keep up as monthly trading volumes hit billions, and web2 business models hold the space back with poorly aligned incentives. Our mission is to solve these problems and move the NFT space toward becoming institutional grade while increasing decentralization.
This will not be an easy feat, but we’ve assembled a team of builders with experience from MIT, Five Rings, Brex, Square, and Y Combinator to accomplish this mission. We’ve built spot exchanges, marketplaces, and created financial products used by millions. We’re leveraging this hard-earned experience to create infrastructure that can unlock the massive potential of the NFT market.
We’re building privately for now, but we’ll share more info on how to get early access soon. We’re ecstatic for others to join us on this journey. Follow @blur_io and turn notifications on to stay up to date!