NFT
A Beginner’s Guide to Blur: An NFT Marketplace
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In Brief
Learn everything you need to know about Blur, an NFT marketplace for pro traders. Connect to Blur seamlessly through Trust Wallet's browser.
The Non-Fungible Token (NFT) trading scene is rapidly evolving. Blur stands at the forefront with its distinctive NFT marketplace designed for professional traders. Blur boasts an impressive suite of features and a competitive fee model, distinguishing it from its competitors. Let's explore everything you need to know about Blur.
What is Blur?
Blur is an Ethereum-based NFT marketplace for professional traders. Founded by Tieshun Roquerre and Anthony Liu in 2022, Blur quickly rose in popularity, surpassing giants like OpenSea in both market share and trading volume. The platform's innovative features and user-centric design have propelled its rapid growth, establishing it as a leading platform in the NFT sector. The platform also introduced its peer-to-peer perpetual lending protocol called Blend in May 2023.
Through Blur’s NFT marketplace, users can list and trade NFTs, leveraging advanced features such as "collect" and "trade" modes, detailed charts, and tools for analyzing transaction data. Blur's user-friendly interface and community-driven ethos further contribute to its appeal among professional NFT traders.
The platform rewards its users through Blur rewards, distributed via airdrops, rewarding traders for their NFT transactions. These airdrops, including the recent distribution to users based on their trading activity and participation in listing NFTs, have contributed to Blur's rapid growth.
How to Connect to Blur Using The Trust Wallet Browser
You can connect to Blur directly through the Trust Wallet Browser for a smooth and secure experience. This eliminates the need to switch between apps and devices. Here’s how to connect to Blur using the Trust Wallet Browser:
Blend: Perpetual NFT Lending on Blur
Blur's Blend protocol revolutionizes NFT ownership by introducing perpetual lending. Unlike traditional loans, Blend offers flexible borrowing with no fixed terms. NFT owners can leverage their digital assets as collateral for loans, essentially unlocking the monetary value of their NFTs. The protocol facilitates the process, connecting borrowers who set loan terms with interested lenders.
Once a loan is established, the NFT is securely vaulted until repayment. For lenders seeking to exit a loan, Blend offers "refinancing auctions" where new lenders can take over the loan at potentially lower interest rates. If no new lender emerges and the borrower defaults, the original lender can claim the NFT as collateral. Blend creates a dynamic lending ecosystem within the NFT space, empowering NFT owners and fostering a new era of financial flexibility within the digital art world.
What Sets Blur Apart?
Blur is a revolutionary NFT marketplace designed from the ground up for professional traders. Here's what sets Blur apart from its competitors:
Built for Pros
Blur offers a user-friendly interface with advanced features like bulk buying, real-time analytics, and customizable creator royalties. It prioritizes lightning-fast transactions. These features are specifically designed to cater to the needs of professional traders who require speed, efficiency, and control over their NFT transactions.
Fee Advantage
Unlike most marketplaces that charge fees per transaction, Blur boasts a zero-fee structure. This significantly reduces trading costs for professional traders who are likely to have high trading volume.
Integration with Other Marketplaces
Blur integrates with other NFT marketplaces. This allows professional traders to see listings and pricing across various platforms from a single interface, streamlining their work flow and potentially finding better deals.
Rewarding System
Blur incentivizes participation through airdrops of the BLUR token for traders who sell Non-Fungible Tokens, and rewards users for listing NFTs. This system encourages users to be active on the platform and contributes to its overall liquidity.
Getting Started on Blur
The first step is getting familiar with the platform. You'll need a compatible crypto wallet, like Trust Wallet, that connects seamlessly with Blur. Once you connect your wallet, you can effortlessly import your existing NFT collection onto the platform. This unlocks the full potential of Blur:
Create and mint: Unleash your creativity and mint your own Non-Fungible Tokens directly on Blur.
Sell your work: Sell your creations first-hand and reach a global audience of collectors.
Earn royalties: Benefit from royalties whenever your artwork is resold on the platform.
Explore and buy: Discover a vast collection of NFTs from artists worldwide and expand your collection.
Blur has revolutionized the NFT landscape, making the creation, sale, and appreciation of digital art more accessible than ever. It fosters a vibrant community where empowered artists connect with passionate collectors, emphasizing the power of creativity in the digital age.
How is The BLUR Token Used?
The BLUR token, built on the Ethereum blockchain, is the native token of the Blur NFT marketplace. It plays a crucial role in facilitating NFT purchases and trades. The BLUR token fuels NFT sales and transactions, while also fostering a strong community. Here's how:
Total supply: 3 billion.
51% allocated to the community.
29% allocated to contributors.
19% allocated to investors.
1% allocated to advisors.
Within the community allocation, a significant portion (360 million BLUR, or 12%) was distributed to NFT traders, past Blur users, and creators in the form of an airdrop. The remaining 39% became a treasury. These will be used to fund various initiatives, including grants for contributors, community events, and incentive programs.
How to Deposit BLUR to Your Trust Wallet Address
You can deposit BLUR from another crypto wallet address or from a centralized exchange. Here’s how:
Select “Receive” from the home screen.
Search for “BLUR” and select it.
From here you have two options. You can either:
Copy your deposit address and use that on your exchange account or other crypto wallet to send funds to.
Use the “Deposit from exchange” option to deposit crypto seamlessly from your exchange account.
Remember that in addition to BLUR, Trust Wallet lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.