Today we will continue to talk about it in our order. In fact, this project has been talked about before, which is Blur. We briefly talked about it when it was airdropped. Now we will introduce this project in detail. Many fans and friends have been asking me to Speaking, let’s analyze this project from multiple aspects today. Blur’s current market value is 270 million U.S. dollars, and its market value ranking has reached 120+. It has also experienced a sharp increase in recent days, almost doubling, from 0.15 to 0.27. Then today we will take a look at its bull market potential and whether it will have a hundredfold potential.

background

During the previous NFT bull market in late 2021 and early 2022, OpenSea almost dominated the market, with daily trading volume reaching billions of dollars. In January 2022, Opensea completed a Series C financing of up to US$300 million, with its valuation soaring to US$13 billion.

Then the big tree attracts attention, that is, Opensea is too profitable, because NFT transactions have a royalties, and at that time Opensea had to charge 2.5%. Its average daily transaction volume was one billion US dollars, and its daily revenue was as high as 25 million US dollars, and its annual income was That’s 9 billion US dollars, so based on this revenue, its valuation of 13 billion US dollars is underestimated.

Then the looksrare trading platform appeared. It said that I would airdrop to the major traders on Opensea. In fact, I couldn’t stand Opensea making money and wanted to rob its traffic. Then I created a looksNFT aggregator platform and let people come to it through airdrops. trading platform to play.

Then came X2Y2, which saw the success of looks, and said that you only give looks to the big players in Opensea, but I want to give them to everyone, all beings are equal, and then it was equivalent to robbing looksrare’s traffic and it was successful. I joined them at that time. discord, with a maximum of 500,000 people online.

Just when people are thinking that justice looks good or X2Y2 is better, blur is born. It is completely different from the previous NFT aggregator. It focuses on 0 transaction fees, is mainly for professional traders, and also has airdrops and other series. The innovative activity suddenly became a dark horse, defeating all other NFT trading platforms, including opensea.​

Introduction

The Blur platform is a unique NFT market and aggregator that aggregates NFT series from leading trading markets such as OpenSea, LooksRare and X2Y2, and is committed to providing high-quality services to NFT traders. Compared with the traditional NFT market, the Blur platform has some significant features and advantages, such as its zero-fee trading policy, efficient transaction speed, user-friendly interface design, professional trader support, and cross-chain trading functions. This report will delve into the various features and benefits of the Blur platform to better understand its position and value in the NFT market.

Advantage

1.Interface

The Blur interface is highly customizable, allowing users to freely switch between multiple views (such as lists and blocks) based on personal preference when browsing the NFT collection. Unlike OpenSea, where users need to switch tabs to view sales history or other analytics, Blur displays everything on a single page, making it easier to access and compare all relevant NFT collection data. Other accessibility features, such as light and dark modes, gas fee tracker, and ETH price feed data, come standard.

However, it is important to note that the Blur interface may not be user-friendly for novice users. The platform appears to be primarily aimed at power users (very reminiscent of a Bloomberg terminal). A navigation interface that displays so much information may take some getting used to for the average user. In this regard, OpenSea seems to be easier for newcomers to get started.​

2. Efficient and convenient functions

Blur’s official website claims that its platform runs ten times faster than other NFT aggregators such as Gem, displaying pending transactions on NFTs in less than 1 second and updating the list every 4 seconds. Lightning-fast display of pending transactions, coupled with near-instantaneous metadata updates on collected art displays, provides a huge advantage for users who want to "go in and out quickly." In addition, Blur’s gas priority presets can help trading users stay ahead of their counterparts who purchase NFTs through other exchanges or aggregators. Most importantly, Blur’s contracts are more optimized than other markets, saving users up to 17% in gas fees.

Another well-received feature of Blur is that it can clearly display the rarity of different NFTs and the floor price under specific attributes. On the Blur platform, it is not through series lists and sales history to evaluate NFTs that are higher than the floor price, but to find the lowest-priced NFT list based on individual characteristics. This function can not only help users accurately evaluate their assets, but also allow those who NFT buyers who hope to buy the bottom will benefit. At the same time, for those users who want to buy the bottom, Blur also provides corresponding tools. All NFT series have a floor price in-depth analysis chart, which can show how many NFTs are listed above different floor prices, allowing bottom-hunting users to intuitively understand the NFTs they purchased. How it will affect the market.

3. Cross-chain transactions: The Blur platform supports a variety of blockchain networks, including Ethereum, Binance Smart Chain, Polkadot, etc., allowing users to trade and manage their NFT assets on different blockchain networks. This has certain advantages over other competitors.

4. Transaction fees: The handling fee on the Blur platform is 0%, which allows traders to conduct NFT transactions completely free of charge, greatly reducing transaction costs. In comparison, other NFT markets such as OpenSea, X2Y2, etc. usually charge a certain percentage of handling fees. The trading mechanism of the Blur platform is a dynamic, buyer-centered mechanism. On the platform, buyers can freely bid to purchase the NFT they want, and the bid can be modified multiple times. At the same time, the platform will dynamically adjust bidding rankings based on market conditions and the degree of competition among buyers' bids to avoid malicious price increases and excessive competition. This mechanism gives buyers more opportunities to purchase their favorite NFTs at a lower price.

Team background & financing situation

In March 2022, Blur announced that it had received more than $14 million in financing, with Paradigm leading the investment. Participants included Keyboard Monkey, LedgerStatus, 0xMaki, Santiago Santos, Zeneca, Deeze and other institutions and angel investors. Blur's team consists of developers from well-known institutions such as MIT, Citadel, Five Rings Capital, Twitch, Brex, Square and Y Combinator.

Tokeni Economy

Token usage and distribution: The main uses of Blur tokens include the following aspects:

1. Used to motivate traders to trade: Blur tokens will serve as a loyalty reward system for traders, encouraging traders to participate in NFT trading activities on the platform. Traders can earn more trading value and rewards by acquiring BLUR tokens.

2. Used to reward larger traders: BLUR tokens will be used to reward larger traders, such as purchasing NFT, participating in community activities, etc. These rewards can motivate traders to participate more actively in the market and community and promote the development of the market.

3. Used for community governance: BLUR tokens will also be used for community governance. Users holding tokens can manage key parameters of value accumulation and distribution in the Blur protocol through voting or proxy voting. This will help improve community participation and governance efficiency.

Total token issuance amount and release plan: The total issuance amount of Blur tokens is 3 billion, which will be released within 4-5 years. 51% of which is allocated to Blur community members; 29% is allocated to past and future core contributors, with a release cycle of 4 years; 19% is allocated to investors, with a release cycle of 4 years; 1% is allocated to advisory members, with a release cycle of 4 years 4 years. The specific release plan is as follows:

40% of the total supply will be released in the first year, which is 1.2 billion coins;

In the second year, 30% of the total supply will be released, which is 900 million coins;

In the third year, 20% of the total supply will be released, which is 600 million coins;

In the fourth year, 10% of the total supply will be released, which is 300 million coins.

The current circulation volume is 1,038,121,223 BLUR, with a circulation rate of 34.6%. There are still 63% of the tokens that have not been unlocked. The current currency price is US$0.26, the highest in history is US$1.3861 (2023-02-19). The team’s currency holding ratio is higher than 51%.​

data analysis

The picture below shows the market share of NFT aggregators. You can see that blur is far ahead. In terms of weekly transaction volume, blur accounts for 76.4%, which is about 3 times higher than the second place GEM21.7. What other looks and x2y2 Basically not enough.​

The average daily trading volume is also far ahead,

 

Compared with opensea, it is also about the same size. From the chart, we can see that opensea's market share is constantly being eroded.​

To sum up, in fact, we have also talked about the NFT trading market before. In fact, this kind of project has no technical barriers. It is a bit like Didi Taxi. Users can go wherever they subsidize. Why does blur become so popular? In fact, the most important point is Its airdrop is currently still being airdropped on the platform, and this round of airdrop will end on November 20. The follow-up airdrop plan has not been officially explained, but I think it will still be airdropped, because without the airdrop, its trading volume will shrink by at least half, but judging from the current data, he has firmly established himself as the nft transaction aggregator. The leading position is tied with Big Brother Central Exchange. You have to know how much time and energy Opensea has spent. As for how far the bull market blur can develop, it depends on whether it can defeat Opensea and take the throne. But for now Looking at its strategies such as 0 transaction fees and 0 royalties, it has no source of income and relies entirely on the support of tokens and financing. It still relies on the Internet's gameplay. It first collects traffic and makes money. At least for now, opensea It is still quite difficult to defeat. As for the token strategy, we will still talk about it in the planet.