Blur, the popular NFT marketplace, recently launched its long-awaited native token, $BLUR. It’s an ERC-20 governance token with a maximum supply of three billion tokens. Twelve percent of these tokens were made available through an airdrop on February 14, 2023.
The launch of Blur’s token was highly anticipated by traders and investors alike. As soon as the airdrop was announced, trading volume for BLUR surged to over $500 million in less than 24 hours. This impressive feat was followed by a market cap of around $217 million shortly after the 360 million tokens were released into circulation.
Despite the initial success of Blur’s token launch, it has since experienced some turbulence in its price. After reaching a high of $5 shortly after the airdrop, BLUR fell to $0.78 — recording a sharp decline of over 84%.
About Blur
Blur is a non-fungible token (NFT) marketplace and aggregator that launched in October 2022. For traders and investors, Blur offers many features that make it an attractive platform for trading NFTs. These features include the capability that allows traders to sweep Non-Fungible Tokens (NFTs) across multiple marketplaces, snipe reveals faster than others, and manage their portfolios with advanced analytics. It also provides zero fees for its users.
Blur’s platform offers features such as portfolio management, NFT marketplace integration, and analytics. With portfolio management, users can view their NFT holdings in one place and track their performance over time. The integration of multiple marketplaces allows users to access the best prices for their NFTs. Lastly, Blur’s analytics provide insights into the performance of individual NFTs as well as the entire portfolio.
Blur is a rising competitor to the popular NFT marketplace OpenSea, and recently advised NFT creators to block OpenSea in order to protect their royalties. This move sparked what some have dubbed the “NFT Marketplace Wars” between the two platforms.
If you’re looking to get involved in trading NFTs on Blur’s platform, now is definitely the time to do so! With its impressive features and low fees, you can be sure that your investments will be well taken care of on this platform.
Key Takeaway
In conclusion, Blur is a rising player in the NFT space, offering an array of features designed to help traders make informed decisions. Its native token $BLUR has already seen impressive trading volume after its airdrop and the platform is only expected to grow in popularity throughout 2021. If you’re looking for a comprehensive and low-cost way to get involved in trading NFTs, then Blur may be the perfect platform for you. Make sure to check it out!
On the other hand, if you are a creator and want to market your NFT project, several NFT agencies like Fracas Digital can offer you a helping hand. Fracas Digital is UK’s leading NFT marketing agency, making sure that you launch your branch successfully. Check them out, too!
