Are you looking for an affordable and speedy NFT sweep? Then Blur (Coin: BLUR) is a robust NFT marketplace with the speediest sweeps and advanced features for users. Moreover, it is a reliable platform for professional NFT traders looking for convenience services for successful trades.
This article will delve into the Blur NFT marketplace, its native token, tokenomics, and more. Without further ado, let’s get into it.
What is Blur NFT Marketplace?
Blur NFT Marketplace is an Ethereum-based token that is backed by some of the biggest investors, including Paradigm, 6529, ZENECA, Deeze, Dhof, Keyboard Monkey, and EGIRL Capital, which helped Blur raise over $14 million. Blur became the largest NFT marketplace by volume when it was launched in October 2022, distributing over 300 million BLUR tokens worth $107 million at that time.
Furthermore, Blur NFT Marketplace has advanced transaction options, floor sweeping, and batch shelving, giving traders more convenience when they book NFT transactions. At the time of writing, there are four wallets you can connect to start trading on this platform: Metamask, Walletconnect, Coinbase Wallet, and OKX Wallet.
Moreover, it is a fast, reliable, affordable, user-friendly, and quickest real-time aggregator of NFTs in the current NFT world, making it an excellent platform for professional traders.
Recently, a fake or pseudonymous trader, namely “hanve.eth,” unexpectedly claimed over 22,851,000 tokens, valued at $11.2 million, indicating that giving out rewards through airdrops in the changing world of NFTs can be profitable.
Highlighting Features of Blur
Blur NFT Marketplace has become one of the best right after its launch. It is because of its vital and unique features that it is better than other NFT marketplaces. One of the features is fast swapping, which enables NFT traders to trade NFTs with each other in a convenient and reliable way. Speedy swapping implies a quick and streamlined experience for users.
Moreover, traders are often obstructed by high trading fees on other NFT marketplaces, although Blur does not have any transaction fees enabled for buyers, which makes it distinguishable from other competitors. It provides a seamless trading experience and instant liquidity.
Furthermore, the royalties can also be customized if the trader wishes; Blur has a default royalty rate of 0.5%.
Blend on Blur
Blur is a peer-to-peer perpetual lending platform inaugurated by Blur NFT marketplace to further enhance NFT liquidity and accessibility. Moreover, this platform lets people buy expensive digital collectibles (NFTs) by making a smaller first payment, kind of like when you put down money to buy a house. This way, even if you’re new to buying NFTs, you can afford to get into popular collections like Bored Ape Yacht Club and CryptoPunks.
Blend on Blur also makes it a free protocol, enabling it for decentralized finance (DeFi) and making it flexible for NFT traders.
BLUR Token: Tokenomics
According to Coingecko, Blur is the number one NFT marketplace in terms of volume and market share, with 56.80%, taking over OpenSea. At the time of writing, the $BLUR token is currently trading at the rate of $0.6005 with a discount rate of 89.22%. It has a market cap of $60 million and a 24-trading volume of $40 million.
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