With the growing popularity of NFTs, several marketplaces have emerged to cater to the growing demand for NFT trading. One of these marketplaces is Blur, an Ethereum-based NFT marketplace designed to cater to the needs of professional NFT traders.
Founded by Tieshun Roquerre, who goes by the pseudonym "Pacman" in the crypto community, Blur aims to provide a platform that offers faster and more efficient NFT trading for pro traders. The platform was launched on October 19, 2022, and since then has been making waves in the NFT space.
NFTs are unique, digital assets that allow artists, musicians, and creators to monetize their work and retain ownership. The global NFT market has exploded over the last few years, and according to recent reports, the market is set to reach a valuation of $10 billion by 2025 though in 2022-2023.
Review: Blur NFT Marketplace
Blur is an NFT marketplace that operates on the Ethereum blockchain, allowing you to sell and purchase NFTs with a user-friendly interface. The platform also includes features such as auctions and bidding to make transactions more dynamic.
A notable aspect of Blur is its emphasis on privacy, allowing you to trade NFTs anonymously without providing personal information. Additionally, Blur does not store private keys or seed phrases, giving you complete control over your NFTs.
However, like any marketplace, Blur has its advantages and disadvantages, lets get into them.
Pros of Blur
Blur prides itself on being the fastest NFT marketplace and offers a range of features that are designed to cater to the needs of pro NFT traders. These features include:
Faster NFT Snipe and Sweep
Blur offers faster NFT snipe and sweep features, allowing professional traders to quickly snap up coveted NFTs before anyone else.
Real-time Price Feeds and Price-based Sorting
Blur provides real-time price feeds, enabling traders to make informed decisions about NFT trades. The platform also offers price-based sorting, which helps traders to filter NFTs based on their prices.
Blur allows traders like you to manage your NFT portfolios easily. The platform offers an intuitive interface that makes it easy for traders to view their holdings and monitor their performance.
The Batch Shelf feature on Blur allows traders to create and sell multiple NFTs simultaneously. This feature is particularly useful for traders who have a large collection of NFTs to sell.
Zero Trading Fees on NFT Sales
Blur does not charge any trading fees on NFT sales, making it an attractive option for pro traders who are looking to maximize their profits. However, it recommends a default royalty rate of 0.5% for buyers, which can still be customized and even set to 0 if a user wishes.
Blur aggregates NFTs from other marketplaces such as OpenSea, LooksRare, and X2Y2. This feature allows traders to access a wider selection of NFTs and trade across multiple marketplaces.
Cons of Blur
While Blur offers many benefits to advanced NFT traders, it is not without its drawbacks. Here are some of the challenges that you may face when using the Blur NFT marketplace:
As a platform that caters to professional NFT traders, Blur may have a steeper learning curve for new traders who are not familiar with the technical aspects of trading NFTs.
While Blur boasts faster NFT trades and real-time price feeds, the marketplace may have reduced liquidity compared to larger NFT marketplaces, making it harder for you to sell your NFTs quickly.
As with any technology platform, there may be technical issues or bugs that you may encounter while using Blur, which could impact your ability to buy or sell NFTs.
Lack of Fiat Integration
Currently, Blur only accepts Ethereum for NFT purchases and sales, which may limit its appeal to persons or groups who prefer to use stablecoins.
Blur vs. Opensea
When it comes to choosing the right NFT marketplace for your needs, it's essential to consider the features, benefits, and drawbacks of each platform.
While Opensea is the industry leader, Blur is quickly emerging as a strong contender in the market. Here's a comparison of the two platforms to help you decide which is better suited for you.
Opensea is a retail-focused NFT marketplace that caters to a wide range of adopters, including collectors, artists, and traders.
The platform has been around since 2017 and has established itself as the go-to marketplace for buying and selling NFTs. With over 4 million items and 1 million users, Opensea is undoubtedly the largest NFT marketplace.
On the other hand, Blur is a newer platform that is focused on serving professional or whale NFT traders. The platform is designed to cater to the needs of advanced NFT traders who want to buy and sell NFTs in large quantities.
Blur offers faster NFT snipe and sweep, real-time price feeds and price-based sorting, portfolio management, batch shelf, and zero trading fees on NFT sales.
While Opensea has a larger user base and offers more variety in terms of NFTs available for purchase, Blur's focus on advanced trading features and catering to the needs of professional NFT traders gives it an edge in terms of speed, efficiency, and overall user experience.
Ultimately, the choice between Opensea and Blur comes down to your specific needs as an NFT trader. If you're a collector or artist looking to buy or sell a few NFTs, Opensea may be the better option.
However, if you're a professional or whale trader looking to trade NFTs in large quantities and need advanced trading features, Blur may be the better choice.
As the NFT market continues to evolve, Blur has positioned itself as a serious contender in the space, offering advanced traders the features and tools necessary to trade NFTs in large volumes. With its focus on speed, real-time data, and portfolio management, Blur is quickly establishing itself as the go-to platform for professional traders.
However, like any new platform, Blur is not without its challenges, particularly for those new to the world of NFTs. The user interface may take some time to get used to, and there is a learning curve when it comes to navigating the platform's features and tools. Additionally, Blur's focus on high-volume trading may not be best for casual traders or collectors who prefer to buy and hold NFTs for long-term appreciation.
Despite these challenges, Blur is well-positioned to disrupt the NFT market and provide advanced traders with the tools they need to succeed. As the platform continues to grow and mature, it will be interesting to see how it stacks up against established players like Opensea and whether it can continue to innovate and stay ahead of the competition.
Frequently Asked Questions
1. Do Blur NFT marketplace has its native token?
Blur's governance token, BLUR, made its debut on 14th Feb 2023, providing you with the power to participate in the platform's decision-making processes. You can trade Blur token on Uniswap and SushiSwap.
2. Where to get support from Blur NFT marketplace team?
You can join their discord to talk with community and team members to resolve your issues.
3. Where to connect with founder of Blur NFT marketplace?
You can find and connect with him on twitter here.