What Is Blur NFT Marketplace? Simple Guide (2023)

The need for a marketplace for non-fungible tokens became a growing concern as there seems to be an NFT takeover in 2021. NFTs, like cryptocurrencies, are also tradable over an exchange and could also be deployed or launched on diverse blockchain networks (E.g. Ethereum, Binance Smart Chain, Algorand, Solana, etc). With the launch of BRC-20 tokens and the ability unlocked by the NFTs ordinals, Bitcoin is also not getting left out of the whole NFT frenzy. 

Blur NFT marketplace is a recently launched platform where non-fungible tokens are listed, traded, and sold. With a targeted reach of professional NFT traders, Blur NFT marketplace was deployed on the Ethereum network and has proffered its service to over 3.5k professional traders and tops the list of NFT marketplaces by volume with over $16 million. With a host of several user-centric features on its exchange platform, here is a simple guide to walk you through the platform while you grasp its entirety as a newbie! 

Also read: Pi Network’s New Hackathon Programme – What to Expect?

The Backstory of Blur NFT Marketplace

Blur was co-founded and launched by a 24-year-old developer going by the name of Tieshun Roquerre popularly known as Pacman on October 19, 2022. He has been an experienced NFT trader, having taken in love with NFTs, but noticed some drawdowns on major leading NFT marketplaces like OpenSea, Rarible, and LooksRare, amongst others. For Pacman, lapses such as lag in speed, clunky, and noobish-feeling were what he got from these NFT marketplaces. 

He felt there was no proper ecosystem to host pro-traders with seamless NFT trading experience plus needless fees. So, he weaponised these loopholes, forming Blur NFT marketplace as a decentralised exchange like Uniswap and a creatively leading exchange like Binance. At the heart of Blur’s creation were e-commerce, decentralisation, and seamless trading experience. 

In March 2022, the Blur NFT marketplace project raised an astonishing $11 million from investors led by the Web3 giant Paradigm. Cutting out the place of taking commissions and allowing its users to pay optional royalties back to creators, Blur NFT marketplace quickly transitions to become a highly liquid and fast-paced trading platform — thereby causing an upheaval within the NFT marketplace narrative that made its competitors tip-toe. 

Entering Blur NFT Marketplace

Blur NFT Marketplace is being made into a hub for pro traders to feel comfortable and here is a list of tips that will aid your immersive entrance into the marketplace. 

1. NFTs Listing:

Just like any other NFT marketplace, to list your digital art or mint in Blur NFT marketplace, you must have your Web3 wallets connected and your designed artwork already handy (Either on your PC or in your wallets). Having done this, you need to toggle over to the website, get to the spot where your address is linked, click on it, and there you go with listing your NFT!

2. NFT Trading Experience:

The trading experience on Blur has been described by most traders as swift and seamless. To get started, you must use a Blur-compatible wallet. Blur NFT marketplace currently supports MetaMask, OKX, Coinbase wallet, and Wallet Connect and users can make their voices based on their preferences.

3. Connecting Wallet:

The next step after choosing your wallet is to click on “Connect” at the top right corner of the Blur NFT marketplace and accept the prompt from your wallet. This is to ensure your Ethereum balance is displayed on your dashboard to aid your trading and inform you if you need more. 

4. Royalties and Exiting:

Blur’s perspective towards royalties is to ensure that they are optional for both traders and collectors. Blur NFT marketplace merely encourages NFT traders/collectors to make use of royalties on volition since they will also get incentivised with points for doing so. To exit the interface, users can simply disconnect their wallets.

Blur NFT Marketplace Features

Blur NFT marketplace stands out among its competitors with its real-time price feeds and price-based sorting, portfolio management, batch shelf, and zero trading fees on NFT sales. These unique features make Blur NFT marketplace a daunting competitor in the market. But much more than these, here are core features the marketplace offers advanced traders:

1. Collections and Portfolios:

Here, in the collections, you have the whole suite of digital collectables tradable on the marketplace on display – from BAYC to Autoglyphs, to Nouns, and other notable NFTs listed on it. Portfolios host users’ collectables as a section of their collections.

2. DAO, Analytics, and Airdrop:

The decentralised autonomous organisation of the Blur Foundation is one integral part of its existence. A total of 360 million $BLUR tokens was supplied for airdrop in season 1, and there is a current launch of 300 million $BLUR for season 2. 

Blur Analytics offers a comprehensive range of state-of-the-art portfolio options and NFT analytics, granting traders access to advanced tools. By utilising integrated analytics, traders can enhance their portfolio management strategies with greater effectiveness.

3. Blur Bidding Pool:

This is a key feature of the Blur NFT marketplace. It functions by allowing users to deposit ETH into their bidding pool, then allowing them to place bids to earn care packages for Airdrop 3, our biggest and final airdrop.

No more use of WETH for bidding, the ability to cancel bids without payment of gas fees, and a safer place to engage the bidding smart contract (Following successful auditing by Code4rena), make the Blur NFT marketplace feature a catch for most NFT traders. 

4. $BLUR Token:

The native token and governance token used for decision-making within its community is $BLUR. Launched on the Ethereum network with a total supply of 3,000,000,000 $BLUR, its existence and utility are user-based – since it gives the community the leverage to air their opinion, making the Blur Foundation a community-led protocol.

Frequently Asked Questions

Is Blur NFT the Foremost NFT Marketplace?

NFT marketplaces are ranked based on diverse metrics such as volumes, popularity, etc. Blur NFT stands as the foremost marketplace for NFTs in terms of volume. Unlike its counterparts that primarily focus on retail users, Blur is specifically tailored to cater to the needs of professional NFT traders.

What Makes Blur NFT Marketplace Unique Compared to Other NFT Marketplaces?

It has a strong focus on community, with an emphasis on making professional NFT traders enjoy seamless trading experiences with features such as real-time price feeds, making royalties optional for users, and a highly liquid and faster NFT trading experience. It provides a trading environment and features that are specifically designed to meet the needs and requirements of experienced traders. This focus on professionals sets Blur apart from other marketplaces in the NFT ecosystem.

What Types of NFTs Can Be Traded on Blur NFT Marketplace?

Blur NFT Marketplace offers a wide range of NFTs across various categories and genres. Traders can find digital artworks, collectables, gaming assets, virtual land, and more on the platform. The marketplace aims to provide a diverse selection of NFTs to cater to the preferences and interests of different traders.