The advent of cryptocurrencies and the underlying technology soon led to the creation of other digital assets such as utility tokens and NFTs.
Opensea, which established itself as a pioneer among the NFT marketplaces, continued to dominate the space until recent years with a wide range of assets, and the convenience of use it offers. It was in 2022 that Opensea met a worthy opponent with the inception of Blur.io.
What is Blur.io?
Blur is an innovative, Ethereum-based NFT marketplace created in October 2022 by Pacman and Galaga, two pseudonymous co-founders. It was launched as a competition to Opensea and has surpassed the value of Opensea both in market share and trading volume.
Blur NFT marketplace offers a platform that serves professional traders with advanced and innovative trading features, that are user-centric. Blur allows integration with other marketplaces, which provides a seamless experience for traders in buying, selling, and creating NFTs.
Apart from catering as a marketplace and aggregator, the platform also includes a native Non-Fungible Token BLUR, also known as Blur coin. Currently, the coin ranks 122 by market capitalization and is worth $0.63 as of today.
What are NFTs?
NFTs, similar to digital currencies, are digital assets that leverage blockchain technology. Unlike currencies, they represent ownership or proof of authenticity of physical or digital items exchanged on an NFT marketplace.
NFTs are bought and sold on such marketplaces as Opensea and Blur using digital currencies. The most popular digital currency used in the trading of NFTs is Ether, the native token of the Ethereum network.
NFTs are fungible, which means they cannot be replicated and are indivisible, unlike digital currencies. They were created to enable artists or creators to tokenize their work and sell it directly to collectors, without intermediaries. This has made NFTs popular among musicians, collectors, artists, gamers, and creators belonging to various industries.
Blur NFT Marketplace features
Certain features make Blur stand out from similar marketplaces and provide users with a remarkable experience. The platform focuses on community engagement while empowering artists with features favoring their growth.
- User-centric: While trying to reduce user costs to the minimum with a royalty fee of 0.5%, Blur prioritizes earnings from the secondary sale of artworks and fair compensation for creators as part of creating a nurturing environment for digital art. Also, the platform provides real-time feeds and zero trading fees on sales, which give them an edge against their main competitor, Opensea.
- User-friendly interface: Blur offers an easy-to-navigate interface for both the creators and the collectors. The interface makes it easy to browse artwork while interacting with the community. Blur is featured by its customizable filters, stable search functionality, and intuitive features designed to offer an exceptional user experience.
- High-speed transactions: Blur, currently, is the fastest NFT marketplace exists in the digital world. With such a highly paced system, the users rarely miss an opportunity to acquire a token they wish to buy. Along with transaction speed, Blur also has fast batch minting options.
- Blur coin: This is another feature that sets it apart from Opensea which does not have a native token. BLUR puts the control into the hands of the community and helps decentralize its NFT marketplace. The Blur NFT can be traded on centralized crypto exchanges like Gate.io or Binance.
Trading on Blur
Whether you want to be a creator, seller, or buyer on Blur, the first step is to learn how to navigate the platform. To enter the Blur NFT marketplace, you need to have a compatible cryptocurrency wallet that ensures access to your digital assets.
The feature that allows integration with other marketplaces lets you import all your existing collection of NFTs to the platform once the wallet is connected.
This gives you complete access to the collections and the rest of the platform where you can create and mint your NFTs. You can sell your works firsthand, earn royalties from second-hand exchanges, or buy digital works created by artists around the globe.
In conclusion, the Blur NFT marketplace has found its place at the top with the way it revolutionized the creation and selling of art, and how those works along with their creators are appreciated. The platform engages collectors with creative inputs from empowered artists, emphasizing the relevance of creativity in the digital world.
