By Nathan Ferguson
If you’re interested in buying and selling non-fungible tokens (NFTs), you’ve likely heard of Blur. This new NFT marketplace has been making waves in the industry for its unique features and low fees. But how exactly do you use Blur, and what makes it stand out from other NFT platforms? This article will cover everything you need to know about Blur, including its founders and backers, fees, unique features, and more.
What is Blur?
Blur is the world’s fastest Non-Fungible Token (NFT) marketplace. Launched on Oct 19, 2022, Blur was created by a team of experienced blockchain experts who wanted to provide a secure, fast, and reliable NFT marketplace. Blur also allows users to earn royalties on their digital artworks when sold in the marketplace. Blur has quickly become one of the most popular NFT marketplaces.
Founders of Blur Non-Fungible Token Marketplace
Blur NFT Marketplace is co-founded by Tieshun Roquerre, the founder of Namebase and the former head of product at Handshake, the decentralized DNS platform. Well-known investors, including Coinbase Ventures, Paradigm, Union Square Ventures, and Winklevoss Capital, back blur.
At 24, Roquerre was dropped out of high school and MIT to create crypto-related companies. Roquerre raised $5 million for Namebase prior to selling the company to Namecheap within 3 years. Tieshun’s mission is to create a marketplace that offers users access to the growing world of digital art, collectables, and NFTs.
Fees on Blur
The Blur marketplace offers some of the most affordable and competitive fees in the industry. Buyers are charged a 0.5% fee on each transaction. Sellers are not charged any fees, allowing them to maximize their profits. In addition, there are no hidden fees or hidden costs that may catch you by surprise. All these features make the Blur NFT marketplace one of the most attractive places to buy and sell digital assets.
Unique Features of Blur
Blur NFT marketplace boasts a number of unique features that set it apart from other NFT platforms. Here are some of its notable features:
- Speed
Blur’s platform is designed to handle high volumes of transactions quickly and efficiently, allowing users to buy, sell, and trade NFTs with ease.
- Listing Options and some Analytics
Blur offers a variety of listing options and analytics tools that enable users to optimize their NFT sales strategies. Users can choose from different pricing models, set reserve prices, and use real-time analytics to track their sales performance.
- Sweep Functionality
Blur’s sweep functionality allows users to quickly and easily collect multiple NFTs into a tradable asset. This makes it easier for users to manage their NFT collections and sell them as a single bundle.
- Royalties
Blur allows creators to earn royalties on the secondary sales of their NFTs. This means that artists and other creators can continue to earn income from their work long after the initial sale.
- Blur Tokenomics
Blur ecosystem is proudly powered by its native $BLUR token. As of March 2023, the total circulating supply of Blur revolves around 360M tokens. The distribution of the tokens is as follows: 19% of the total supply goes to investors, and the remaining one percent goes to advisors. In addition, a daily emission rate of 1.2m tokens will be released from the community treasury to help fund initiatives.
- $Blur Token Airdrop
The Blur NFT marketplace launched with an exciting airdrop of $BLUR tokens to those wallets that traded at least 3 Ethereum (ETH) on OpenSea. Following this, Blur announced the first round of $BLUR airdrop in Feb 2023. It saw over $3 million worth of $BLUR tokens distributed amongst its community after the project launched at a mesmerizing $400m valuation.
What Is Blur DAO?
The Blur DAO (Decentralized Autonomous Organization) is an open-source organization designed to govern the Blur NFT marketplace and its associated activities. The DAO allows users to vote on important decisions regarding the marketplace, such as listing fees, Tokenomics, airdrops, and more. The DAO also provides for the distribution of 360M tokens to creators, traders, and Care Package holders.
Conclusion
In conclusion, the Blur NFT marketplace is a fast and user-friendly platform that offers its users a range of unique features. Its low fees, fast transaction times, and advanced analytics tools have quickly become a popular choice for NFT buyers and sellers.
With the help of the BLUR token, artists can earn royalties, and creators can set up their own rules and pricing when they list their works on Blur.