Sweep NFTs across multiple marketplaces, snipe reveals faster than others, and manage your portfolio with advanced analytics. Zero fees.
NFT marketplace Blur is backed by several renowned investors, including Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, and Keyboard Monkey. These investors raised $11 million for Blur. MT, Citadel, Five Rings Capital, Twitch, Brex, Square, and Y Combinator developers and creators make up the team.
Before its official launch on October 19, 2022, the new marketplace spent 276 days in private development.
The marketplace continues to grow in terms of daily sales count, volume (ETH), and unique users, according to SeaLaunch, an NFT research account. Blur is also gaining market share compared to other marketplaces (other than OpenSea).
#Paradigm recently launched Blur, an NFT marketplace that targets pro traders.
To understand if this NFT Marketplace has attracted users, we analyzed the on-chain data with #DuneAnalytics.
These two airdrop announcements from Blur were the main drivers of this growth. For those who traded in the past six months, the first airdrop consists of care packages that must be claimed within 14 days of the launch.
Undisclosed amounts of BLUR tokens are included in these packages, which will function as the governance token. To unlock care packages, traders must list at least one NFT on Blur. The rewards will be unlocked once the BLUR token goes live in January 2023.
Blur’s royalty mechanism and fee structure
In comparison with the majority of NFT marketplaces, Blur has a different royalty structure. NFT traders set royalties. Thus, royalties are not desired, and the original creator will not receive any revenue from secondary sales of the NFT. This inventive mechanism will reward traders who prefer royalties. The more royalties a trader places, the more airdrops they will receive.
Blur charges no platform fee to entice traders onto its platform. Airdrops provide more rewards to traders than other NFT marketplaces.
Is faster sweeping possible with Blur?
Blur combines the functionality of an aggregator and a marketplace. The aggregator allows you to analyze and purchase many NFTs from multiple marketplaces at once. There are two major competitors to Blur: Genie.xyz and Gem.xyz. OpenSea acquired the latter in April. Gem has continued to operate independently since then, and OpenSea plans to integrate some of its features into its own marketplace.
In the same way that aggregation services are meant primarily for pro-traders, Blur is also designed for them. Floor-sweeping, or buying all NFTs at their floor price, is an everyday use case in which pro traders must buy multiple NFTs in a single transaction. Whales and advanced traders usually do it before a project gains momentum. To accomplish this in a short amount of time, bulk purchases of NFTs are required. A high transaction speed is equally important as saving fees.
It has yet to be possible to compare different NFT aggregators, including Blur, comprehensively. According to Blur, its private phase transactions were 10 times faster than Gem’s. According to a recent tweet, they’re the number one aggregator.
“We’ve quietly been in private beta for 4 months. Our aggregator already has the second-highest volume in the space and is 10x faster than other aggregators. pic.twitter.com/1IYfY6XzP6
— Blur (@blur_io) October 19, 2022”
Features and tools of the Blur Marketplace
Trades can be swept and sniped using Blur, data from multiple marketplaces in real-time. A ladder list and floor price are available as listing options. Using the built-in analytics, you can manage portfolios.
The trader currently has access to all features at no charge.