What is Blur (BLUR)?
Blur is an NFT marketplace that enables professional traders to trade on a decentralized Ethereum-based platform. It was launched in October 2022 and intends to offer sophisticated trading tools, zero platform fees, and community incentives via its native token, BLUR. Features of Blur comprise portfolio analytics, floor-sweeping over various marketplaces, and fast reveal sniping, which makes it a preferred platform for high-volume and high-frequency NFT traders.
What Problem Does Blur (BLUR) Solve?
This is how Blur diagnoses several problematic areas for the NFT marketplace space:
- High Fees: Traditional NFT platforms usually come with very high fees, but this is not the case with Blur because they have zero trading fees.
- Advanced Trading Tools: Quite a number of the NFT platforms lack inbuilt advanced tool features for professional trading. Blur has some very advanced ones—portfolio analytics and real-time prices feeds—among others.
- Community Incentives: Blur incentivizes users to use the platform and its services with BLUR, thus creating stronger communities that are more active.
Why Does the Crypto Market Need Blur (BLUR)?
The benefit is mutual: Blur profits from the diversity of users within the crypto economy.
- Improved Liquidity: Blur brings in professional traders, thus enhancing liquidity on the NFT market.
- Enhanced User Experience: With advanced trading tools and the zero-fee structure, the user experience is improved considerably, making NFT trading easier and more attractive.
- Community Governance: BLUR token owners could participate in decisions through governance. This fosters a decentralized ecosystem and maintains user control over the platform.
History of Blur (BLUR)
The project was launched in the market in October 2022, oriented to a professional NFT trader clientele in need of trading without any fees and with multiple developed features. The platform grew much faster regarding more considerable trading volume than OpenSea, with high-volume traders and NFT whales contributing to the volumes in some months. This is when Blur released its native token, BLUR, in February 2023 to incentivize the platform's engagement.
Who Created Blur (BLUR)?
It was designed by a dev team fronted by an enigmatic individual named Pacman, who at first was anonymous and only now has revealed himself to be Tieshun Roquerre, a 24-year-old entrepreneur. To date, the project has raised money from investors such as Paradigm and 6529—an investment fund native to the world of NFTs.
What Technology Does Blur (BLUR) Use and How Does it Work?
Blur, in essence, is an NFT solution built on the Ethereum blockchain using smart contracts to execute transactions. Essentially, its core technologies and key features are as follows:
- ERC-20 Token: BLUR is a utility ERC-20 token for governance and reward within the platform.
- Smart Contracts: Automate buying, selling, and transferring NFTs with complete security and transparency.
- Advanced Trading Tools: Blur comprises floor sweeping, fast reveal sniping, and portfolio analytic tools to make your trading experience awesome.
What Affects Blur (BLUR) Price?
Pricing of BLUR is determined by the following:
- Market Sentiment: News, developments, and general sentiment in the cryptocurrency and NFT markets mean a lot when it comes to the price movement of BLUR.
- Platform Usage: As more people continue to use Blur and trade on the platform, increased usage simply means increased demand for the BLUR token.
- Technological Developments: Upgrades, new features, and partnerships can have a good impression on the token's value.
- Regulatory Environment: Changes in cryptocurrency regulations could impact investor confidence and market dynamics.
How Many Blur (BLUR) Coins Are There in Circulation?
Currently, some 1,665,745,594 BLUR tokens are circulating.
What is the Maximum Supply of Blur (BLUR)?
The maximum supply cap for BLUR is 3 billion tokens. A fixed supply guarantees that the token remains scarce and, in cases of a high demand-pull, potentially valuable.
What is Blur (BLUR) Utility?
Here are some functions that a BLUR token can perform in the Blur ecosystem:
- Transaction Fees: While no fees exist in trading on Blur, BLUR will also serve as the future platform utilities.
- Staking: BLUR holders can stake their tokens to be rewarded and participate in the platform's governance.
- Governance: BLUR token holders can vote in governance decisions. Thus they get to influence the development of the platform and the policies thereon.
Tokenomics of Blur (BLUR)
Key elements of Blur Tokenomics:
- Staking and Rewards: BLUR holders can stake their tokens to receive rewards and participate in governance.
- Incentives: The platform incentivizes users with BLUR tokens to create more activity, thus increasing engagement and trading volume.
- Supply Cap: With a total token supply cap set at 3 billion, BLUR is programmed to be relatively scarce and, with its token economy, drive value over time.
What is the All-Time High and All-Time Low for Blur (BLUR)?
Blur has never reached a value any higher than $5.02. The all-time low for BLUR has been around $0.1531.
Where to Buy Blur (BLUR)?
BLUR tokens are listed on the following large crypto exchanges:
- Binance
- Uniswap
- Coinbase
- FTX
These platforms offer trading pairs with BLUR, providing liquidity and smooth transactions.
Who Invested in Blur (BLUR) at an Early Stage?
Blur was funded by some of the most prominent VCs, including Paradigm and 6529, with funding from other blockchain-focused funds; these investments brought in early investment that gave Blur the necessary capital to launch and develop its platform.
What Are the Revenue Streams of Blur (BLUR)?
Revenues Source for Blur's streams:
- Transaction Fees: Although the trading itself is now free, the future enhancement could see any number of the following likely implemented.
- Staking Rewards: Earnings from staking of BLUR tokens.
- Alliances and Partnerships: Potential revenue from partnerships and alliances with other blockchain projects and companies.
