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![Blur](https://img.bitgetimg.com/multiLang/coinPriceLogo/ba5b1d10785e7182673c83a83d6fd8131720891575571.png)
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About Blur(BLUR)
What Is Blur?
Blur is an NFT marketplace that was launched in October 2022, quickly capturing a significant share of the NFT trading volume. Designed with professional traders in mind, Blur offers a seamless trading experience characterized by low fees, high speed, and innovative features such as NFT floor depth charts and analytics. The platform has not only revolutionized the NFT trading landscape but also introduced a lending protocol, expanding its ecosystem beyond a mere marketplace.
The Blur platform is backed by Paradigm, a prominent technology investment firm, and was co-founded by Tieshun Roquerre, also known as 'Pacman'. Within a short span since its inception, Blur has managed to surpass well-known platforms like OpenSea in terms of trading volume, catering mainly to professional traders or "whales" who deal with large trading volumes. Blur's rapid growth can be attributed to its trader-friendly features and a robust incentive system that includes lucrative airdrops.
Resources
Documents: https://whitepaper.stepn.com/
Official Website: https://www.stepn.com/
How Does Blur Work?
Blur operates as a decentralized marketplace, offering an aggregator platform that combines NFTs from various other marketplaces into a single interface. This aggregator platform is equipped with several notable features that facilitate informed decision-making for traders. One of Blur's standout features is its speed, allowing users to execute trades faster and potentially increase their profits. The platform's slogan, "Ditch slow. Execute trades faster and make more money on Blur," encapsulates its commitment to providing a swift trading experience.
Furthermore, Blur has introduced a peer-to-peer perpetual lending protocol called Blend in May 2023. This protocol allows NFT owners to borrow ETH using their NFTs as collateral, offering a flexible lending solution with no fixed rates or expiration dates. Blend has quickly dominated the NFT lending market, accounting for 82% of the borrowing volume among NFT lending protocols as of May 2023.
The platform also offers a range of trader-friendly features, including collection sweeping, customizable gas fees, and in-depth floor charts for each NFT collection. These features, combined with a zero-fee marketplace structure, make Blur a preferred choice for professional traders.
What Is BLUR Token?
The BLUR token, an ERC-20 native token of the Blur marketplace, plays a pivotal role in the ecosystem. Holding BLUR tokens grants users voting rights, allowing them to participate in the governance of the platform and potentially influence its future developments. The Blur Foundation has minted 3 billion BLUR tokens, with a significant portion allocated to community members and incentives.
The introduction of the BLUR token has brought a new dimension to the financial aspects of the NFT marketplace. The tokenomics of BLUR envisages a community-centric approach, fostering a decentralized and community-run platform. Moreover, the BLUR token has introduced a new layer of financial incentives, encouraging users to list their NFTs with royalties in exchange for loyalty points that can be converted to BLUR tokens.
Blur's Impact on Finance
Blur's impact on the financial landscape is notably significant, particularly in the burgeoning sector of non-fungible tokens (NFTs). By introducing the BLUR token, an ERC-20 native token, Blur has fostered a decentralized and community-driven ecosystem where users not only have a stake in the governance of the platform but also benefit from financial incentives through loyalty programs and airdrops. Furthermore, the introduction of the Blend lending protocol, allowing for perpetual peer-to-peer lending with NFTs as collateral, signifies a paradigm shift in financial operations within the crypto space. This innovation, coupled with Blur's trader-centric features and zero-fee structure, is setting a new standard for financial transactions and investments in the digital asset marketplace, potentially influencing broader financial systems in the future.
What Determines Blur's Price?
In the dynamic world of cryptocurrencies, the BLUR token price today is influenced by several ever-changing factors. A crucial detail that prospective investors closely monitor is the current value of BLUR cryptocurrency, shaped significantly by various market dynamics and trends. Engaging in a thorough BLUR token price analysis involves a deep dive into the BLUR crypto live price and historical data, forming the foundation for well-informed predictions about future price movements. Moreover, staying updated with the latest BLUR cryptocurrency news offers valuable insights into the factors steering market sentiments, subsequently impacting the BLUR token's valuation.
For investors and traders pondering over how to buy BLUR cryptocurrency, turning to leading platforms like Bitget to purchase BLUR tokens offers access to reliable and timely information. The BLUR token market cap stands as a critical indicator, aiding in the evaluation of the cryptocurrency's aggregate market value, thus playing a decisive role in crafting investment strategies. Additionally, tools such as the BLUR crypto price chart and historical charts are vital resources for investors, allowing for an analysis of past performances and trends, fostering more precise BLUR cryptocurrency price forecasts. As the market matures, closely watching metrics like the current BLUR token price in USD and the BLUR crypto trading volume grants a glimpse into the cryptocurrency's standing in the marketplace.
Looking ahead, a lot of buzz surrounds the BLUR token price prediction for 2023, a projection crafted based on an array of factors including market trends, trading volumes, and the latest advancements within the BLUR ecosystem. Those aiming to venture into this promising cryptocurrency market will find BLUR cryptocurrency investment tips to be an invaluable resource, offering guidance on top strategies to enhance returns. Moreover, undertaking a BLUR token price comparison with other cryptocurrencies can paint a wider picture of its market position. A crucial step in the investment journey is securing investments with the best wallets such as Bitget Wallet for storing BLUR tokens, guaranteeing both safety and accessibility.
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Trade BLUR perpetual futures
After having successfully signed up on Bitget and purchased USDT or BLUR tokens, you can start trading derivatives, including BLUR futures and margin trading to increase your income.
The current price of BLUR is $0.1646, with a 24h price change of +3.18%. Traders can profit by either going long or short onBLUR futures.
Join BLUR copy trading by following elite traders.
Blur news
See more![96% of NFTs Deemed ‘Dead’ as Market Struggles with Speculation and Volatility](https://img.bitgetimg.com/multiLang/image/social/96034e034eecd50103a1020a7eee39b71725747170954.jpg)
The NFT market, once seen as revolutionary, is now grappling with significant downturns, leaving many holders in the red.
![Rhythm Evening News|A look at the crypto market trends on September 5](https://img.bitgetimg.com/multiLang/image/social/959cde24692f0059033e9db4d91004f51725509404764.jpeg)
1. The Aave community is voting on a proposal to introduce USDS and sUSDS to Aave v3; 2. The Ethereum Foundation research team plans to hold a Reddit AMA, which is now open for questions; 3. Upbit has added a new Korean won trading pair for BIGTIME; 4. The Grass platform allows users with abnormal network activity to file a complaint by filling out a form; 5. AirDAO is about to announce important news, and its token price has fluctuated significantly
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Blur Social Data
In the last 24 hours, the social media sentiment score for Blur was 3, and the social media sentiment towards Blur price trend was Bullish. The overall Blur social media score was 51,592, which ranks 326 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Blur being mentioned with a frequency ratio of 0.01%, ranking 534 among all cryptocurrencies.
In the last 24 hours, there were a total of 464 unique users discussing Blur, with a total of Blur mentions of 51. However, compared to the previous 24-hour period, the number of unique users increase by 34%, and the total number of mentions has decrease by 56%.
On Twitter, there were a total of 1 tweets mentioning Blur in the last 24 hours. Among them, 0% are bullish on Blur, 0% are bearish on Blur, and 100% are neutral on Blur.
On Reddit, there were 0 posts mentioning Blur in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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