BLUR

What is Blur (BLUR)?

Blur (BLUR) is an NFT marketplace designed for professional traders who sought a faster platform for trading NFTs. Blur allows users to quickly sweep and list across different marketplaces, snipe reveals, and efficiently manage their portfolios. The current NFT marketplaces focus on retail users, leaving pro traders underserved as trading volumes soar into the billions monthly. Blur aims to address these issues by creating institutional-grade infrastructure and increasing decentralization in the NFT space.

Who Created Blur (BLUR) ？

Blur Crypto is a project founded by individuals who choose to remain anonymous, with key figures like Tieshun Roquerre, also known as 'Pacman'. The team behind Blur brings expertise from prestigious institutions like MIT and Y Combinator, with a track record of building successful financial products used by millions. Their goal is to leverage this experience to unlock the vast potential of the NFT market.
Blur has successfully raised an $11 million seed round led by Paradigm to develop a top-tier NFT marketplace catering to professional traders. Other notable partners in this funding round include eGirl Capital, Keyboard Monkey, LedgerStatus, and more.

How Does Blur (BLUR) Work?

Blur Crypto is a decentralized NFT marketplace catering to professional traders, offering unique features such as flexible creator royalties and a favorable fee structure. The platform has experienced significant growth and is considered a top choice in the NFT sector due to its user-friendly interface, low fees, and enhanced liquidity for NFTs. Blur rewards users with blur tokens through airdrops for selling NFTs on the platform. Key features include speedy swapping, no transaction fees, trending tabs for popular NFTs, adjustable royalty rates for buyers, and blur airdrops as incentives for loyal traders.
Blur and Paradigm have launched Blend, a peer-to-peer lending protocol in the NFT marketplace. Users can use NFTs as collateral for ETH liquidity and access a buy-now-pay-later option for high-value NFT purchases. Notable features include fixed-rate loans without expiration dates that accrue interest until repayment, setting it apart from other protocols like NFTfi.
Blast is an Ethereum Layer-2 platform developed by the team behind Blur, offering native yield to users holding specific tokens. It aims to provide a versatile ecosystem for developers and users to earn passive income through DeFi, games, SocialFi, and NFT collections. Blast's key feature is introducing native yield for ETH and stablecoins like USDC, USDT, and DAI. Users can generate yield by staking ETH or bridging stablecoins into the Blast ecosystem where they participate in on-chain Treasury Bill protocols. This mechanism enables users to passively earn money and potentially grow the value of their digital assets over time.

Tokenomics

What is Blur (BLUR) used for?

BLUR is an ERC-20 token that governs key parameters of the Blur marketplace protocol and lending protocol (Blend). Voting rights are proportional to the amount of BLUR tokens a user owns or is delegated. Users must delegate their token balance to an address to register their voting balance. The Blur DAO makes most decisions with on-chain results, following a multi-step governance process for well-informed and transparent decision-making communicated to the community.

Token Distribution

3 billion BLUR tokens were minted at genesis and will be accessible over 4 to 5 years.
The allocation breakdown is as follows:
51% for Blur community members (1,530,000,000 BLUR)
29% for past and future core contributors with a 4-year vesting period (867,601,888 BLUR)
19% for investors with a 4-year vesting period (565,633,826 BLUR)
1% for advisors with a vesting period of 4 to 5 years (36,764,286 BLUR)