Blur is an NFT marketplace that aims to create a fair and community-focused platform for NFT investors and collectors. Launched in October 2022, it has become one of the top NFT marketplaces on Ethereum, surpassing OpenSea in terms of trading volume. Blur has gained significant attention with its highly anticipated AirDrop, which is a crucial part of its challenge strategy against OpenSea. In this article, we will explore what Blur is and what BLUR coin represents, which is now listed on the popular cryptocurrency exchange Binance.
What is Blur?
Blur’s core vision is to empower the NFT trading community. To achieve this, Blur initiated a generous AirDrop to reward early users and liquidity providers. Owners of the service token, BLUR, can participate in governance decisions, earn rewards, and access exclusive features. Blur has also eliminated transaction fees for both buyers and sellers, bringing about a significant change in the NFT marketplace sector and pushing other marketplaces like OpenSea to follow in Blur’s footsteps.
Built on Polygon, an Ethereum Layer 2 scaling solution, Blur also serves as an NFT aggregator that collects NFTs from multiple sources, including OpenSea, Rarible, SuperRare, and others.
The roadmap focuses on operating a proprietary NFT minting platform on Polygon, allowing users to mint their own NFTs without the need for any coding or technical skills. Blur also plans to integrate more NFT platforms and protocols into its marketplace aggregator, such as SolSea and Metaplex based on Solana. Lastly, additional social features that enhance user experience and interaction will provide a more inclusive and engaging user experience. Possible solutions include chat rooms, leaderboards, profiles, badges, and more.
Furthermore, Blur offers an all-in-one solution for NFT investors and provides unique features such as floor depth visualizations, automatic metadata updates that reveal the artwork of newly minted NFTs, feature-based layer listings, and gas fee presets to facilitate transaction efficiency.
All of these position Blur as more than just an NFT marketplace, targeting not only advanced NFT investors but also long-term investors and users seeking high-quality infrastructure and user experience.
BLUR Coin Review
BLUR coin is the native governance token of the platform. It has a total supply of 3 billion with 1.1 billion coins currently in circulation at the time of writing this article.
Unlike OpenSea, Blur decided to immediately hand over governance to its community and launch a token. Token holders can participate in Blur Improvement Proposals (BIPs) by voting and influencing the protocol’s governance. Voting power is proportional to the BLUR balance in an eligible wallet address.
After the launch of BLUR coin for the service token, Blur distributed approximately 360 million BLUR coins through an AirDrop, accounting for 40% of the total supply. Investors who traded on Blur in the past six months received “Care Packages” categorized as rare and legendary. The AirDrop incentivized investors to increase their loyalty points, which included matching the prices of NFT listings on other marketplaces and trading on Blur. Furthermore, Blur further encouraged this by offering 0% transaction fees, making trading on the platform a profitable endeavor.
How to Buy BLUR Coin?
BLUR coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange, with its impressive trading volume. BLUR coin has been listed on Binance since October 31st and is available for trading in the BLUR/BTC, BLUR/USDT, and BLUR/TRY trading pairs.
To acquire BLUR coin, one must first register on the Binance exchange if not already done so. After completing the registration process, cryptocurrency or fiat money such as Turkish Lira should be transferred to the Binance account wallet. Once the transfer is completed, BLUR coin can be purchased in the aforementioned trading pairs.
To purchase BLUR coin from the BLUR/USDT trading pair on Binance, navigate to the interface of this trading pair. Enter the desired amount to be purchased in the designated field under the limit tab on the trading pair interface. After entering the amount, the purchase is completed with the BLUR Buy order.
