$BLUR is up 40% this week, among a surge in activity for NFT trading across multiple chains, including Ethereum and Solana. Blur has set the standard, with Tensor, the primary NFT exchange on Solana, taking a similar approach when it comes to platform design.
Blur isn’t all NFTs; the team is building out the Blast L2, as well as Blend (Blur NFT Lending). As onchain users look for incentives, it’s worth noting that Blast will be allocating 50% of its $BLAST airdrop to ecosystem developers.
Keep reading to learn more about the Blur ecosystem.
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THORChain has recaptured attention recently; beyond THOR price performance, the protocol provides an important service as the first to introduce native cross-chain asset swaps. In the latest podcast, our Founder, Nick Drakon, sits down with Chad Barraford, a core developer at THORChain. The two discuss Thorchain's approach to solving liquidity fragmentation in DeFi, the project’s potential growth, and the complex but efficient products and services they have made.
Blur is an NFT marketplace and NFT aggregator for professional NFT traders.
The objective behind the protocol is to provide users with better tools, more liquidity for NFTs, and a faster experience than its competitors.
One of the key features that sets Blur apart is its ability to aggregate NFT listings from various marketplaces.
Users can list their NFTs for sale on multiple platforms simultaneously through Blur, saving time and effort in managing listings across different platforms.
Additionally, Blur does not charge any royalties on sales, allowing users to keep more of their profits.
The platform prioritizes speed and efficiency, aiming to provide users with a seamless and fast trading experience.
With its focus on professional traders and aggregation capabilities, Blur aims to cater to the needs of experienced and active participants in the NFT market.
Blur also allows users to snipe reveals, which means they can quickly acquire newly minted NFTs as soon as they are revealed by the creators.
This feature gives traders an advantage in obtaining highly sought-after NFTs.
Royalties
Blur’s policy with regard to royalties is to remain competitive in terms of pricing.
As a trader-friendly marketplace, Blur recommends a default royalty rate of 0.5% for buyers.
However, this can be customized and even set to 0 if the user wishes.
Traits Bidding
Trait bidding is similar in mechanics to Collection bids, with the difference being it checks for specific traits instead of the collection.
When a seller attempts to sell an item into a trait bid, the oracle will check that the item has the relevant trait in real time.
This ensures that trait bidders on collections that have changing traits are protected.
Trait bids can also be used to earn trait bidding points on select collections.
Trait floors can be less liquid and more volatile than collection floors.
When you bid, only bid at prices you are truly willing to buy at.
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Our full 50+ page report goes over the intricacies of the Blur platform, as well as the team’s upcoming Blast L2 and the Blend NFT lending protocol.
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