BLUR is the native governance token for Blur, a distinctive marketplace and aggregator for non-fungible tokens (NFTs) that comes with advanced features like real-time price updates, portfolio management, and the ability to compare NFTs across multiple marketplaces. It touts faster NFT sweeps and a more user-friendly interface than other similar platforms.
Because of this, it's becoming a favorite among professional NFT traders. This might also be influenced by incentives such as the recent airdrop of 360 million BLUR tokens, valued at around $355 million at the time of writing. Blur, built on Ethereum, has secured over $14 million in funding from prominent investors and traders, including Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, Keyboard Monkey, and more.
Blur gained attention after its October 2022 launch, which included promises of BLUR token airdrops for the top users on the platform.
Who Are the Founders of Blur (BLUR)?
The founders and developers behind Blur operate under pseudonyms. The person leading the project is known as Pacman, a developer specializing in Web3. Zeneca, who founded ZenAcademy and The 333 Club, serves as the Director of the Blur Foundation.
According to the platform, the team boasts experience from organizations like MIT, Citadel, Five Rings Capital, Twitch, Brex, Square, and Y Combinator.
What Was the BLUR Airdrop?
The Blur airdrop series distributed BLUR tokens as Care Packages, which came in four different rarity levels. These were given to those who participated in beta testing six months before Blur's official launch in October 2022. The second airdrop went to traders listing on the platform in November 2022, while the third targeted those placing bids on Blur until February 14, 2023.
The airdrop in February 2023 became a significant event globally, with the price of BLUR surging to over $5 before quickly dropping below $1 within a day as many recipients sold off their tokens.
What Is Unique About Blur (BLUR)?
Blur is crafted to tackle shortcomings of other platforms, particularly in the contentious area of NFT creator royalties. It supports creators by giving bonus BLUR tokens to those who pay royalties, aiming to maintain a balance between creators and traders.
Unlike OpenSea, Blur doesn't completely endorse secondary market creator royalties. However, in a bold move in February 2023, it declared that collections preventing sales on OpenSea could receive full royalties on Blur.
Though primarily designed for experienced traders, beginners can also benefit from Blur’s features with some effort to understand the platform.
Blur distinguishes itself from other NFT marketplaces with features that enhance trading experiences and potentially boost trader profits. It claims to have faster NFT sweep and snipe capabilities, along with real-time price feeds and price-based sorting. As an aggregator, it links to platforms like X2Y2, OpenSea, and LooksRare (LOOK).
Remarkably, there are no trading fees for NFT transactions, and traders can access detailed information on their digital assets through Blur's portfolio tab, which provides insights into rarity, value, profit and loss, and more.
How Many Blur (BLUR) Coins Are There in Circulation?
Presently, there are 360 million BLUR tokens in circulation, with a total supply cap of 3 billion planned for future distribution.
How Is the Blur Network Secured?
BLUR operates on the Ethereum blockchain as an ERC-20 token, utilizing Proof-of-Stake for security, which is Ethereum's consensus method following the 2022 Merge. This system relies on validators, who need to stake 32 ETH to participate in transaction validation and consensus.
Where Can You Buy Blur (BLUR)?
If you're interested in purchasing BLUR at its current rate, the leading cryptocurrency exchanges offering the Blur token include Coinbase, KuCoin, Kraken, Uniswap, OKX, Huobi, Bybit, BTCEX, BingX, Bitget, among others. Additional exchanges can be found on our crypto exchanges page.
