Since blur was officially launched, it has been favored by users due to the platform's excellent product quality and clever publicity.
Most NFT players who have used blur feel that the platform is particularly silky and smooth during use.
The platform attracts user experience and retention by motivating users to place orders and bid for airdrops. The most satisfying thing for users is its zero royalties.
blur stands out in the red ocean of NFT trading platforms.
On February 14th, which is today, the token ￥BLUR will be strongly listed on major exchanges, and the listing of $BLUR will attract much attention.
Most people believe that it will be negative after the launch and the NFT market will continue to be deserted.
However, most people believe that the wealth effect of the strong increase in token ￥BLUR will radiate to the NFT market, causing speculation and pushing the NFT market into a bullish market.
Since the Boring Ape Kingdom drove NFT into a bull market cycle, the market has gradually gone downhill. So will the wealth effect of the token ￥BLUR being launched this time drive the growth of the NFT market?
The rising faction believes that the wealth effect of the $BLUR airdrop will cause funds to spill over to various sectors of the NFT market, and the entire market will take off.
The Blur trading platform is already the second oldest among the NFT trading platforms. It has even been threatening the NFT trading platform OpenSea’s leading position. The market’s valuation and future value for it are particularly high.
I believe that most NFT players will choose to settle down after receiving the airdrop, because the market has been plummeting recently, as if it has returned to the bear market. But token blur does allow many non-NFT players to come in and speculate on various sectors of NFT.
If the rise is high enough, most of the funds and enthusiasm will go directly to various sectors of the NFT trading market, and the wealth effect will follow, which will benefit the entire market.
In fact, in recent months, with the expansion of the market, tokens such as x2yx, op, LooksRare, BendDAO, etc. have all increased significantly.
We must admit that it is the market that created blur, allowing NFT players to trade on the platform with basically no handling fees. According to some previous players, on the OS trading platform, if you sell an Ethereum for individual projects, the tax may be 0.1 E.
Such high transaction fees have caused most NFT players to make little money. The emergence of blur has brought the market into a healthy involution.
Yes, the emergence of blur is more like a savior, making everyone full of expectations for the NFT market again.
The decliners believe that the end of airdrop activities will cause market liquidity to plummet, and the decline may trigger a chain reaction.
It can be seen from the data of Dune Analytics that the Blur trading platform has greatly increased the transaction volume through airdrop activities, but when the activity ends, the funds in it may be withdrawn because these funds are no longer profitable.
In the airdrop event, after users deposit their ETH for bidding into the Blur platform, they can bid repeatedly across NFT series and accumulate points repeatedly. However, the floor price and the offer price often do not match, and the transaction depth is insufficient, which will cause many players to suffer losses after receiving the bidding.
But cause and effect follow. When the Blur airdrop activity ends, unprofitability may cause a large number of bidding orders to be cancelled. The advantages in transaction depth, liquidity, matching efficiency, etc. will be sharply weakened in a short period of time, and then lost. It serves as a cushion against large fluctuations in the NFT market.
Since Blur has not announced the token economics model of $BLUR yet, we cannot know the details of the initial circulation situation and protocol value capture. At the same time, since we cannot judge the proportion of users who brush up trading volume for airdrops and are only attracted by low rates, only The Blur platform and its token $BLUR cannot be accurately valued through market share.
People expect the $Blur airdrop to become a new NFT bull market engine. They are waiting to see whether Blur can replace OpenSea as a talker in the NFT market. They are also looking for opportunities to "divide the bull and bear markets".
Is it a "real recovery" or a "false bull market"? If you explore carefully, you will find that there may be dangers behind it. The good news from NFT blue chips guides the development of the NFT market. However, behind the rise, there is often the support of real money. Is the source of funds for buying orders "institutions entering the market" or "old leek top-up"? Or are we finally waiting for new users from the sidelines to arrive with new funds?
You might as well prepare for the worst, at least don't become that innocent snowflake when the avalanche comes.
