The downfall of Blur explained:
March 2022:
- raises $11M in seed funding
- plans to challenge OpenSea
- focuses on professional NFT traders
October 19, 2022:
- Blur marketplace launches
- zero marketplace fees
- faster trading interface
- bulk NFT purchases and listings
- introduces points and rewards to attract liquidity
February 14, 2023: $BLUR
- launches its token
- massive Season 1 airdrop
- some traders receive millions in rewards
- $BLUR reaches $5.02 ATH
- starts overtaking OpenSea in NFT trading volume
March 2023:
Blur becomes one of the dominant NFT marketplaces by volume.
Traders are farming points by listing, bidding and trading NFTs.
April 2023:
- launches Season 2 incentives
- rewards bidding and liquidity provision
- continues its war against OpenSea
- royalty disputes with NFT creators intensify
May 2023: Blend
- launches NFT-backed lending
- users can borrow ETH against their NFTs
- introduces refinancing and liquidation mechanisms
expands beyond NFT trading
June 2023:
- major $BLUR unlocks begin
- new supply enters circulation regularly
- investors and contributors receive tokens
2024:
- Blur continues its incentive campaigns
- Seasons 3 and 4 attempt to improve reward structures
- NFT trading activity declines
November 2024:
- Blur still accounts for 49% of NFT trading volume
But the overall NFT market is considerably smaller.
2025: the collapse
- OpenSea starts recovering market share
- Blur falls to 23% in some periods
- NFT lending TVL collapses from $300M to $8.3M
- Blend falls to $3M
December 2025:
- large $BLUR transfers to Coinbase Prime reported
- movements of 103M and 118M tokens
April 2026:
- KuCoin removes BLUR cross-margin trading.
- Binance continues monitoring the token.
October 12, 2026: the announcement
Blur announces that its official frontend will be discontinued.
November 12:
- blur io frontend scheduled to shut down
- marketplace smart contracts remain operational on Ethereum
- $ Blur continues controlling the protocol fee switch
#CPIWatch
#BTCDominanceBackAt60%
March 2022:
- raises $11M in seed funding
- plans to challenge OpenSea
- focuses on professional NFT traders
October 19, 2022:
- Blur marketplace launches
- zero marketplace fees
- faster trading interface
- bulk NFT purchases and listings
- introduces points and rewards to attract liquidity
February 14, 2023: $BLUR
- launches its token
- massive Season 1 airdrop
- some traders receive millions in rewards
- $BLUR reaches $5.02 ATH
- starts overtaking OpenSea in NFT trading volume
March 2023:
Blur becomes one of the dominant NFT marketplaces by volume.
Traders are farming points by listing, bidding and trading NFTs.
April 2023:
- launches Season 2 incentives
- rewards bidding and liquidity provision
- continues its war against OpenSea
- royalty disputes with NFT creators intensify
May 2023: Blend
- launches NFT-backed lending
- users can borrow ETH against their NFTs
- introduces refinancing and liquidation mechanisms
expands beyond NFT trading
June 2023:
- major $BLUR unlocks begin
- new supply enters circulation regularly
- investors and contributors receive tokens
2024:
- Blur continues its incentive campaigns
- Seasons 3 and 4 attempt to improve reward structures
- NFT trading activity declines
November 2024:
- Blur still accounts for 49% of NFT trading volume
But the overall NFT market is considerably smaller.
2025: the collapse
- OpenSea starts recovering market share
- Blur falls to 23% in some periods
- NFT lending TVL collapses from $300M to $8.3M
- Blend falls to $3M
December 2025:
- large $BLUR transfers to Coinbase Prime reported
- movements of 103M and 118M tokens
April 2026:
- KuCoin removes BLUR cross-margin trading.
- Binance continues monitoring the token.
October 12, 2026: the announcement
Blur announces that its official frontend will be discontinued.
November 12:
- blur io frontend scheduled to shut down
- marketplace smart contracts remain operational on Ethereum
- $ Blur continues controlling the protocol fee switch
#CPIWatch
#BTCDominanceBackAt60%