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What Is Blur?

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Feb 17, 2023
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4 min read
what-is-blur

This blog post will cover:

  • About Blur (BLUR)
  • Where did Blur (BLUR) come from?
  • What are the advantages of Blur (BLUR)?
  • What are the disadvantages of Blur (BLUR)?
  • How to buy Blur (BLUR) on SimpleSwap?

About Blur (BLUR)

Blur is a relatively new platform for trading non-fungible tokens (NFTs) which positions itself as a product made specifically for professional traders. The native ERC-20 token for the platform is BLUR, it is built on the Ethereum blockchain and intended for use in governance.

Blur offers a highly convenient feature for professional traders which enables them to browse multiple marketplaces at once. Through Blur's aggregator, users can easily access NFT listings from various sites and compare prices all in one place.

In addition, Blur asserts that it provides faster snipe reveals than other platforms. NFT sniping involves purchasing undervalued rare NFTs on secondary markets, typically because the seller is not aware of the NFT's actual value. With faster snipe reveals, professionals can quickly make a profit by securing underpriced NFTs with higher gas fees. As stated on the Blur website, the platform can detect pending transactions within 0.4 seconds and listings within 4 seconds.

The project is already known for generous airdrops. The first one happened soon after the launch of the platform, early adopters got so-called care packages. On February 14, 2023, together with the token launch, there was another drop. The developers have distributed 360 million BLUR tokens, equivalent to 12% of the total token supply (3 billion), to the most active NFT traders. The champion was awarded over 3 million BLUR tokens, valued at over $1.9 million at that time. 

Blur adopts a royalties-optional strategy, allowing traders to determine whether or not to enforce royalties while keeping them at a low level. The purpose is to facilitate large-scale trade among the platform's primary demographic, professional traders.

Where did Blur (BLUR) come from?

Blur was introduced in October 2022 by devs who operate under the pseudonym Packman, with no specific individuals named.

As previously stated, BLUR was released on February 14, 2023, which was a delay from its initial launch date in January of the same year. The team attributed the delay to technical difficulties.

What are the advantages of Blur (BLUR)?

  1. Rapid growth
    
    In just 4 months of existence, the users traded NFTs worth almost $1.2 billion.
  2. Convenience for pro trade
    
    Blur offers various features that cater to professional NFT traders, rendering the platform more niche. However, the focused demographic typically engages in high-volume trade with greater frequency.

What are the disadvantages of Blur (BLUR)?

  1. Strong competition
    
    The buzz around NFTs has declined recently increasing the competition with larger platforms (e.g. OpenSea).

How to buy Blur (BLUR) on SimpleSwap?

If purchasing BLUR tokens piques your interest, you can effortlessly obtain them on SimpleSwap. Here we outline the instructions on how to do it:

  1. First, select the cryptocurrency you want to exchange (for instance, BTC). Enter the amount you would like to swap.
  2. Choose BLUR in the second drop-down list as the crypto you want to get. You will see the estimated amount that you will receive after the exchange.
  3. Click the Exchange button.
  4. Enter the Recipient's Address. BLUR tokens will be sent there. Please ensure that you use the correct address.
  5. Create the exchange.
  6. You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the BTC to BLUR exchange. Then wait for tokens to reach your wallet.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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