What is blur?

Discover what Blur is, the new non-fungible tokens platform that has become the largest NFT market in the world, thanks to its speed, ease of use and interesting incentive options for the development of collections within it.

Blur is a marketplace that operates with NFTs based on Ethereum and is considered a leader in this field. It is geared toward professional traders and offers various features such as lot and sweep trades, order book NFT trades, and the ability to buy NFTs from other exchanges with instant liquidity.

The platform stands out for do not charge transaction fees, charge a default royalty of 0,5% to buyers, which can be customized or set to 0, and have a strong tokenomics that encourages the use of the platform through the token $BLUR.

In addition, the platform also stands out for being easy to use and offering a secure environment for traders to store their digital assets. It is an ideal platform for professional NFT traders due to its low fees and ease of use.

Blur Origins

BLUR is the brainchild of Twitter user @PacmanBlur, a well-known developer Web3. Work on the platform began in the first months of 2022, and on August 11, 2022, it was first opened for use, albeit in beta.

It was not until October 19, 2022, when the platform exited its beta phase and went on to complete its first version of the DApp that little by little would be complemented by the enormous vision of @PacmanBlur for it. Part of that vision is create a space capable of protecting the privacy of your identity on the Internet, in addition to offering unique functions within its market, such as password management, secure form filling and anonymous browsing.

Also @PacmanBlur built his platform to offer a secure payment system and a virtual credit card to help users protect their financial information. In this way, users can enjoy a safe online experience and protect their personal data from hackers and other malicious actors.

All this is something that @PacmanBlur himself uses in his favor, since despite the enormous impact of his platform, little is known about his personal and digital life, except for the data that he himself has publicly disclosed in Twitter, and on other platforms where he maintains contact with his community.

How does it work and what does Blur offer us?

Blur is intended for provide a unique NFT trading experience. To achieve this, Blur has generated not only an easy-to-use interface, but also offers a series of unique features, among which we can highlight:

Great speed of operation and ease of use

The platform stands out mainly for offering very fast trading on your platform. For example, the NFT minting process within Blur is very fast, especially when compared to other platforms such as OpenSea o Rare. Also noteworthy is its ease of use and the clarity of its user interface, which makes it very easy to move around and take advantage of its full potential.

Ability to perform sweeps

A sweep in the NFT world is an action by which you can buy several NFTs from a collection, based on a series of characteristics that you have indicated. For example, you can sweep a collection based on the price of NFTs, or on certain characteristics. Well, this platform allows you to carry out these types of actions in order to optimize the benefits of your operations.

Various listing options

Another prominent feature that sets this platform apart from other NFT markets is its listing options. For example, the minimum price quote, the maximum price quote, and the ladder quote are some of the possibilities. In addition, portfolio management is improved by the comprehensive analytical functions available to users of this market.

NFT royalties

Through Blur, NFT owners can establish copyright for your assets when you list them on the marketplace. Listing royalties is one way for merchants to access a larger portion of the final airdrop. In addition, users who list NFTs with royalties benefit from loyalty points and can receive $BLUR tokens as an incentive.

Tokenomics and protocol governance

Blur launched an ERC-20 token for its platform, the $BLUR token, which would be key in the development of the protocol. This thanks to the fact that the token would be vital for the governance of the protocol, controlling parameters such as the accumulation and distribution of value within the protocol. Voting is proportional to the number of $BLUR tokens a user owns or delegates to. In order to register their voting balance, a user must delegate their token balance to an address (their own or someone else's).

Thus, most of the decisions made by the DAO have on-chain results that are made by $BLUR token holders. This in order to ensure that all decisions are well informed to the community at large.

The platform has coined 3.000 billion $BLUR tokens, of which 51% has been allocated to the community, 29% to past and future major contributors, 19% to investors and 1% to advisors. A community treasury of 360 million $BLUR tokens, equal to 12% of the total token supply, can be claimed by NFT operators, historical Blur users, and creators. 39% of the $BLUR supply will be distributed through grants to supporters, community initiatives and incentive programs, with 10% going towards the next incentive launch.

The acquisition of $BLUR tokens will occur on an ongoing basis according to a schedule established for each group of token recipients.

Thus, we have that Blur has generated a 4-year token release scheme that follows the following vesting scheme:

Blur, the king of NFT markets

In any case, Blur's greatest achievement is that of become the largest marketplace for NFTs in the world by displacing the giant OpenSea. An achievement that has been achieved in just 6 months after its launch.

To achieve this, Blur has only combined the capabilities of an agile, easy-to-use platform, with great liquidity and incentives for its use. Some conditions that have allowed him to get hold of more than 400.000 active users and $1.400 billion in traded volume, leaving OpenSea far behind in this sector.

Additionally, its incentive program has helped it become the leading NFT marketplace, offering users a secure and reliable platform to buy, sell, and trade digital assets. With its innovative features and competitive fees, Blur is the perfect platform for anyone looking to get involved in the NFT space.

Conclusion

Blur has had a significant impact on the digital art and NFT market, recently boosting the trading volume of the same. Its easy-to-use platform allows users to buy, sell, and list their NFTs without commissions or royalties, making it an attractive investment option for traders.

Some of the main cryptocurrency funds in the sector have also supported this project. And to this, we must add that the $BLUR token has also had a huge impact on the ecosystem, becoming a "game changer" in the NFT market in 2023.