Blur, a NFT marketplace, has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14, 2023. The reason for the spike could be the start of season 2 airdrops, where 10% of BLUR token’s total supply will be distributed to certain users based on their activity. The team allocated 12% toward anBlur trading volumes . Source: Dune
of 2.5% per sale. The fact that OpenSea LLC was willing to let go a significant chunk of its earnings—close to around $336.8 million for one year—suggests that Blur’s growth threatens it. Blur has also earned the reputation of a “marketplace for pro traders” thanks to its innovative features for experienced NFT traders like sweep optimization, near-instant update of aggregate price, filtering based on rarity score and gas optimization.There are two paths that the BLUR token can take from here, either stay a non-yielding token with governance- features like Uniswap or shift to allocate value accrual methods to token holders.
Staking is also a widely implemented feature that protocols use to deter selling by providing inflationary rewards. While this strategy helps retain investors to some extent, without real yields woulddecisions
Magically_gg incoming 👀
Competition in the NFT marketplace is heating up as blur_io eliminates fees and opensea follows suit. The rapidly evolving NFT space shows no signs of slowing down. NFTs cryptoart innovation
STUPID Marketplace wars without any attention to what actually the user needs and just concerning their own growth.
Following blur_io's example, opensea discontinued its marketplace fee of 2.5% per sale. The fact that OpenSea LLC was willing to let go a significant chunk of its earnings—close to around $336.8 million for one year—suggests that Blur’s growth threatens it.
No one takes the lead in this field