• BLUR is an innovative NFT marketplace built on the Ethereum blockchain that has recently taken the crypto world by storm.
• The platform’s token, BLUR, has plunged 99% from its all-time high due to the booming success of Opensea and other competitors.
• Blur’s point-based distribution approach incentivizes users to fill their liquidity pool orderbook through airdrops, resulting in increased adoption and market share.
What is BLUR?
BLUR is an non-fungible token (NFT) marketplace built on the Ethereum (ETH) blockchain that’s been taking the crypto world by storm lately. Founded by Tieshun Requerre, an MIT graduate, it offers a game-changing feature: the ability to buy multiple NFTs from different marketplaces in one fell swoop.
Why Has BLUR’s Price Plummeted?
The excitement surrounding Blur’s ascent is palpable, but so is the rapid decline of its price, which has plummeted over 18% in the last seven days as of Mar. 6 and now trades at a mere $0.69 – a 98% decrease from its all-time high of $45.98. This can be attributed to competition from Opensea with a jaw-dropping valuation of $13 billion and other competitors entering into the market such as Delphi Digital and DappRadar who have reported impressive trading volumes on Blur despite its current price action.
How Does Blur Work?
Blur works via a point system that rewards users for filling their liquidity pool orderbook with each order assigned a “risk” score which rewards higher bids & lower asks via airdrops. This incentivizes liquidity to fill Blur’s liquidity pool orderbooks resulting in increased adoption and market share over competitors like OpenSea who only clocked in at $364 million worth of trading volume during the same period as compared to Blur’s whopping $1.58 billion according to DappRadar data up until March 6th 2023..
What Are The Benefits Of Using BLUR?
The main benefit from using BLUR compared to other traditional NFT markets is its accessibility when purchasing multiple NFTs from different sources in one fell swoop allowing for seamless transactions regardless of where you choose to purchase your tokens from which makes it easier for users looking for specific types of tokens or projects that may not be offered on one single marketplace alone.. It also allows users more control over their finances since they can easily add or remove funds without fear of losing out on potential profits due to fluctuating prices across different marketplaces since they can purchase multiple tokens at once while maintaining their desired budget/investment strategy without having any extra fees associated with switching between platforms or accounts..
In conclusion, BLUR has quickly become one of the most popular non-fungible token (NFT) markets due to its unique features such as allowing users access multiple NFTs simultaneously while saving costs associated with switching between platforms or accounts amongst others giving them greater control over their investments and ensuring better returns given how volatile cryptocurrency markets tend towards being.. Although there are still some kinks that need ironing out such as regulatory compliance issues related specifically within Europe given how little experience most governments have with decentralized systems still overall things seem quite promising for this project given past performances despite recent stock plunges so keep your eyes peeled for further announcements!