Blur is an NFT marketplace designed to create a fair and community-focused platform for NFT investors and collectors. Launched in October 2022, it has quickly become one of the top NFT marketplaces on Ethereum, surpassing OpenSea in trading volume. Blur has garnered significant attention with its highly anticipated AirDrop, which is a crucial part of its strategy to challenge OpenSea. In this article, you will find answers to many questions, including what Blur is and what BLUR coin is, which has recently been listed on the major cryptocurrency exchange Binance.
What is Blur?
Blur’s core vision is to empower the NFT trading community. To that end, Blur launched a generous AirDrop to reward its early users and liquidity providers. Holders of the BLUR token, named after the NFT marketplace itself, can participate in governance decisions, earn rewards, and access exclusive features. Additionally, Blur has eliminated transaction fees for both buyers and sellers, leading to a significant shift in the NFT marketplace sector, forcing other marketplaces like OpenSea to follow Blur’s lead. Access NEWSLINKER to get the latest technology news.
Blur is built on Polygon, a Layer 2 scaling solution for Ethereum. Blur also functions as an NFT aggregator, collecting NFTs from multiple sources like OpenSea, Rarible, SuperRare, and others.
The roadmap includes the operation of a proprietary NFT minting platform on Polygon, allowing users to mint their NFTs without any coding or technical skills. Blur also plans to integrate more NFT platforms and protocols, such as SolSea and Metaplex, similar to Solana-based platforms, into its marketplace aggregator. Finally, more social features that enhance user experience and engagement, such as chat rooms, leaderboards, profiles, badges, and more, will provide a more inclusive and engaging user experience in the future.
Moreover, Blur offers an all-in-one solution for NFT investors, featuring unique tools such as floor depth visualizations, automatic metadata updates that reveal the artwork of newly minted NFTs, trait-based curation lists, and gas fee presets to facilitate transaction efficiency.
All of this positions 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 Analysis
BLUR coin is the native governance token of the platform, with a total supply limited to 3 billion units. As of the time of writing, 1.1 billion BLUR coins are in circulation.
Unlike OpenSea, Blur immediately decided to hand over governance to its community and launch a token. Token holders can participate in the protocol’s governance by voting on Blur Improvement Proposals (BIPs). Voting power is proportional to the BLUR balance of a qualifying wallet address.
In its post-launch AirDrop for the BLUR coin, Blur distributed 40% of the supply, approximately 360 million BLUR coins. Investors who have been active over the past six months received “Care Packages” ranked from rare to rare and legendary. Thanks to the AirDrop, investors were encouraged to increase their loyalty points, which included matching NFT listings on other marketplaces and trading on Blur. Blur further incentivized this by offering zero transaction fees, making trading on the platform effectively a profitable endeavor.
How to Buy BLUR Coin?
BLUR coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. BLUR coin was listed on Binance on October 31, and it is available for trading in BLUR/BTC, BLUR/USDT, and BLUR/TRY pairs.
To buy BLUR coin, you must first sign up for Binance if you do not already have an account. After completing the registration process, you need to transfer cryptocurrency or fiat currency such as USD to your Binance account wallet. Once the transfer is complete, you can buy BLUR coin in any of the three pairs mentioned above.
Binance‘s interface allows you to purchase BLUR/USDT by first navigating to the interface of this trading pair. In the limit tab, enter the amount you wish to purchase in the specified area. After entering the amount, complete the purchase with the Buy BLUR order.
