The current price of Blur is $0.10884. Over the last 24 hours, Blur has increased by +1.91%. It currently has a circulating supply of 2,301,956,828 BLUR and a maximum supply of 3,000,000,000 BLUR, giving it a fully diluted market cap of $251.67M. At present, the Blur coin holds the 101 position in market cap rankings. The Blur/USD price is updated in real-time.
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Non-fungible tokens (NFT) have become increasingly popular as their list of use cases continues to expand. However, NFT creators and collectors encounter issues such as high marketplace fees, uneven royalties, slow sweeping, and low trading volume.
To help solve these issues, platforms such as Blur (BLUR) have emerged to revolutionize the NFT space. Within a few months of launching, it became a leading NFT marketplace loved by collectors and creators.
What is Blur
Blur is an NFT marketplace and data aggregator built on the Ethereum blockchain. It has several features that make it a more attractive NFT marketplace for creators and collectors, including a faster sweeping rate, zero market fees, and incentives for trading activities. Creators also get a better royalty fee structure, high trading volume, and support for smaller NFT projects.
Although Blur is a relatively new NFT marketplace, it gained much traction in very little time, competing with the likes of OpenSea, the largest NFT marketplace by volume. Some of this success can be attributed to Blur fundraising $14 million from world-class investors and NFT traders.
The Blur team
The exact names of the founding team members are not known. However, their pseudonyms and history in the crypto and blockchain space are known.
Pacman, a skilled Web3 developer, is not only the founder of Blur but also plays a significant role in its development. Heading the Blur Foundation is Zeneca, who holds the position of Director.
Together, Pacman, Zeneca, and the rest of the Blur team have collaborated with prestigious entities such as MIT, Five Rings Capital, Twitch, Square, and Y Combinator, showcasing their expertise and experience in the field.
How does Blur work
Built on the Ethereum blockchain, the trading platform collects NFT data from multiple sources and displays real-time information to users. On the Blur platform, NFT collectors can identify trending NFTs, the latest floor prices, trading volumes for different projects, and other relevant data.
Blur offers a zero trading fee service, meaning both buyers and sellers are not charged trading fees. When Blur first emerged, this was their biggest selling point. OpenSea, Blur’s biggest competitor, was forced to scrap their fees in response. Blur also offers customizable royalty packages, allowing creators to choose their own compensation percentage.
Blur’s lending platform
Taking their efforts a step further, Blur expanded its offerings by developing a lending platform specifically tailored for NFTs. This innovative feature provided NFT holders with increased opportunities to leverage the value of their assets.
By collateralizing their NFTs, users gained the ability to obtain loans in cryptocurrency directly on the platform. This novel approach created new avenues for NFT holders to access liquidity and unlock the potential value of their digital assets..
BLUR tokenomics
BLUR is an ERC-20 token. There are over 464 million BLUR tokens currently in circulation, and the remainder of its total supply of 3 billion will be scheduled for emission. The protocol uses the Proof of Stake (PoS) consensus mechanism for block validation.
BLUR use cases
The BLUR token serves various purposes within its ecosystem. For instance, it operates as a governance token, enabling users to participate in decision-making processes and shape the direction of the Blur ecosystem.
BLUR is also used to reward its users through token airdrops, providing users with incentives and benefits for their engagement and participation in the ecosystem. Finally, BLUR acts as a currency within its NFT marketplace, facilitating transactions and serving as a medium of exchange for buying, selling, and trading digital assets.
BLUR distribution
Blur token is distributed as follows.
40 percent allocated towards early users and creators through airdrops
20 percent was given to the team and advisors
20 percent reserved for future development
10 percent for liquidy purposes
10 percent for marketing and partnerships
The future expansion plan of Blur
With its impressive trading volume, Blur has emerged as the top NFT marketplace in the industry. It achieved a significant milestone in February by surpassing OpenSea in NFT trading volume, and has since maintained its leading position. The Blur team is determined to sustain this position for an extended duration.
While Blur reigns supreme in trading volume, it is worth noting that OpenSea still boasts a larger number of individual traders. In light of this, Blur has set its sights on expanding its user base in the upcoming months, with the goal of attracting a greater number of users to its platform.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 5.2K new posts about Blur, driven by 3.9K contributors, and total online engagement reached 8.6M social interactions. The sentiment score for Blur currently stands at 72%. Compared to all cryptocurrencies, post volume for Blur currently ranks at 159. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Blur.
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Posts
5,184
Contributors
3,912
Interactions
8,648,838
Sentiment
72%
Volume rank
#159
X
Posts
1,317
Interactions
2,383,416
Sentiment
71%
Blur FAQ
What is Blur?
Blur, introduced in October 2022, is a zero-fee NFT marketplace that addresses key challenges like high fees and inadequate royalty structures. With its intuitive user interface, Blur facilitates fast NFT sweeps and employs an innovative sorting system for enhanced user experience.
What is Blur’s royalty fee structure?
Blur's incentive model has successfully enticed numerous NFT traders to engage with its ecosystem. The platform provides a compelling incentive for buyers: the more they increase the royalty fee, the higher their chances of receiving future airdrops.
Consequently, buyers are motivated to raise their royalty fees, resulting in mutual benefits for both buyers and creators. This innovative approach creates a positive feedback loop, driving increased participation and fostering a thriving ecosystem within Blur.
Where can I buy Blur?
Easily buy BLUR tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the BLUR/USDT trading pair.
Currently, one Blur is worth $0.10884. For answers and insight into Blur's price action, you're in the right place. Explore the latest Blur charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Blur, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Blur have been created as well.
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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