Blur Review

Finding the right NFT marketplace can be a daunting task. That’s why I’ve put together this Blur review to help you navigate through the noise and decide if Blur is the right platform for you. With giants like OpenSea and Binance NFT Marketplace dominating the space, it's essential to understand what sets Blur apart.

Is Blur a safe and reliable option? How do the fees and features compare? And, most importantly, does Blur offer good value for your NFTs and your wallet? In this Blur review, I’ll delve into everything you need to know about the Blur NFT marketplace. From its pros and cons to its unique features and fee structure, I’ll provide a comprehensive look to help you make an informed decision.

Whether you’re a seasoned NFT trader or just starting, understanding the Blur price model and how to sign up could make all the difference. Let’s dive in and see if Blur is the NFT marketplace you've been looking for.

Verdict at a glance: Blur is a powerhouse for NFT traders. Its features, like sweeping and advanced charts, coupled with zero transaction fees, make it a top choice for professionals. While operating exclusively on the Ethereum blockchain gives it some limitations, the platform's potential rewards are undeniable.

What is Blur?

Launched in October 2022, the Blur NFT marketplace rapidly ascended to prominence by catering exclusively to professional NFT traders. Its innovative features, including lending, batch trading, and zero-fee transactions, have redefined the NFT trading experience. Blur's trader-centric focus, coupled with aggressive market tactics, has solidified its position as a leading platform for NFT professionals.

Inception

It's actually pretty interesting. Blur, the NFT marketplace that’s taken the trading world by storm, started as a whisper in the crypto community around October 2022. From the get-go, it was clear that this wasn’t your average NFT platform. No, Blur had a specific mission: to cater to the needs of professional NFT traders.

The mastermind behind this operation is someone known as Pacman, who later revealed his real identity as Tieshun Roquerre. Pacman had a vision for a platform that would offer tools and features that traditional marketplaces were missing. Think order books, batch trading, and even zero transaction fees. It was a bold move, but it paid off.

Blur started as a closed beta, with only a select group of users getting early access. It was like an exclusive NFT club. But the word spread fast, and soon everyone was talking about this new, trader-focused platform. When Blur officially launched to the public, it was like a rocket taking off.

Blur’s Position in the Current NFT Landscape

So, where does Blur stand in the grand scheme of things? Well, let's just say it's made quite a splash. When we talk about NFT marketplaces, OpenSea often comes to mind as the OG. But things have changed. The Blur NFT marketplace has really shaken up the industry.

Blur’s focus on professional traders has been a game-changer. Instead of trying to be everything to everyone, like OpenSea, Blur has doubled down on a specific audience. This laser focus has paid off big time. Blur has consistently held the top spot in terms of trading volume, often eclipsing its competitors by a significant margin.

At the time of writing this Blur review, the platform has reached $7.4 billion in total Gross Merchandise Value (GMV) with more than 300.000 active users on its platform. It is also the biggest NFT marketplace based on all-time sales volume as of July 23, 2024.

Now, this isn't to say that other marketplaces like Binance NFT Marketplace aren't doing their thing. They definitely have their strengths. But, when it comes to sheer sales volume and advanced features for professionals, Blur is currently leading the pack. It's a testament to their understanding of what traders want and need.

Blur Review: PROS

Now that we have a solid understanding of what Blur is and its position in the NFT industry, it’s time to dive into the specifics. Blur has become one of the top NFT marketplaces due to several reasons. Here are some of the positive aspects of this platform that make it a good option for NFT enthusiasts.

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Unique and Intuitive User Interface

The first thing you will notice when visiting Blur’s website is its design and UI. By default, the website uses a dark theme matching the standard feature in many operating systems and applications. But, you can freely change the theme to the Medium or Light color scheme.

Another handy UI feature in the Blur NFT marketplace is the ability to switch between Trader and Collector views. The Trader view is designed with professional NFT traders in mind. It prioritizes data and efficiency, providing:

• In-depth market data: comprehensive charts, graphs, and real-time pricing information.
• Advanced trading tools: features like sweep, bidding, and portfolio management.   
• Minimalistic interface: a clean layout focused on essential trading information.

You can also see other technical information, such as last sale and top bidding prices, sales chart of the entire collection, and recent activities within the collection, Essentially, the Trader view is a dashboard for those who actively buy, sell, and trade NFTs. Which is the main target market for Blur.

On the other hand, the Collector view caters to those who primarily collect NFTs for personal enjoyment. It offers:

• Visual emphasis: larger images and a more aesthetically pleasing layout.
• Simplified interface: a cleaner look with fewer data points.
• Focus on NFTs: highlights NFT details and collections, rather than trading metrics.

The Collector view provides a more traditional NFT marketplace experience, emphasizing the collectible aspect of NFTs. Blur also provides a rarity score on each item based on their traits, which is a pretty neat feature in my opinion, especially if you care a lot about getting unique items within a collection.

Overall, during the writing process of this Blur review, I found that the platform offers an easy and flexible way to access information related to NFT trading on its platform. Even though most of its default settings are designed to fulfill trader’s needs, you can still switch to the other viewing mode if you choose to do so.

Operates on the Ethereum Blockchain

Another key strength of the Blur NFT marketplace is its operation on the Ethereum blockchain. This foundational aspect offers several advantages.

Firstly, Ethereum is the most established and widely adopted blockchain network in the cryptocurrency ecosystem. This provides Blur with a robust and secure infrastructure. It ensures that user funds and NFT assets are protected by a decentralized network with a proven track record.

Secondly, by being built on Ethereum, Blur benefits from the extensive developer community and ecosystem surrounding the platform. This means that there's a constant stream of innovation and improvements, which can potentially lead to new features and functionalities for Blur users.

Moreover, Ethereum's compatibility with various wallets and decentralized applications (dApps) enhances user experience. Blur users can seamlessly integrate their platform with other Ethereum-based tools and services, expanding their options and optimizing their NFT trading strategies.

Blur's operation on the Ethereum blockchain is a strategic move that solidifies its position as a leading NFT marketplace. It provides a secure, reliable, and adaptable foundation for the platform to thrive.

Aggregated Listings

Aggregated listing is another feature I want to highlight as a strong point in this Blur review. This NFT marketplace excels by pulling together listings from other major platforms like OpenSea. This means you can browse, compare, and buy NFTs from multiple sources all within the Blur interface.

This unified platform approach not only saves you time but also enhances the overall trading experience. By offering real-time data on listings, Blur ensures you have the most up-to-date information on NFT prices and availability. This is crucial in a market where prices can change rapidly, helping you make informed purchasing decisions.

Another significant advantage of Blur’s aggregated listings is the ability to compare prices across different platforms. This transparency allows you to identify the best deals and avoid overpaying for NFTs. The convenience of seeing multiple listings in one place promotes competitive pricing and makes it easier to find unique and valuable NFTs.

Overall, in this Blur review, the aggregated listings feature stands out as a major pro. It enhances discoverability, saves time, and provides a seamless transaction process, making the NFT marketplace Blur a top choice for NFT enthusiasts looking for a comprehensive and efficient trading platform. Whether you’re hunting for the best blur price or just exploring options, Blur’s aggregated listings make the process straightforward and user-friendly.

Focus on Speed and Efficiency

The last major highlight in this Blur review is the platform’s impressive speed and efficiency. Blur is built to support lightning-fast transactions, which is a game-changer for NFT traders. When timing is everything, especially during high-demand periods, having a platform that processes transactions quickly can give you a competitive edge.

Blur’s interface is optimized for power users, meaning you can perform multiple transactions swiftly without any lag. Features like bulk listing and sweeping allow you to list or purchase several NFTs in one go, saving you valuable time. This streamlined process reduces the hassle of handling each NFT individually, making your trading experience much more efficient.

What really sets Blur apart is its advanced analytics tools. These tools provide real-time insights into market trends and pricing data, helping you make informed decisions quickly. When you need to act fast, having access to up-to-date information can be crucial.

The low latency of Blur ensures smooth interactions on the platform, so you’re not left waiting for pages to load or transactions to process. This seamless experience is enhanced by Blur’s user-friendly design, which makes it easy to navigate and perform actions efficiently.

In this Blur review, the platform’s speed and efficiency stand out as key advantages. Whether you're looking to get the best Blur price or capitalize on a hot market trend, Blur’s quick and efficient operations make it a top choice for NFT enthusiasts.

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Blur Review: CONS

Even though Blur has numerous strong points that may make it look like a perfect NFT marketplace, it also comes with its own weaknesses. Let’s take a look at some factors that you need to consider before choosing Blur as your NFT marketplace of choice.

Operates Exclusively on the Ethereum Blockchain

In this Blur review, I’ve highlighted many of the platform’s strengths. One of the key strengths I mentioned earlier is that Blur operates on the Ethereum blockchain. However, this exclusive focus on Ethereum also brings some notable drawbacks.

First and foremost, Blur’s Ethereum-only approach means you won’t find NFTs from other blockchains on the platform. This limitation can be significant for users looking to diversify their NFT collections with assets from various ecosystems. With the rise of NFTs on blockchains like Solana, Polygon, and Binance Smart Chain, the absence of these options on Blur could be a dealbreaker for some.

Ethereum is known for its robust security and widespread adoption, which is undoubtedly a strength. However, it’s also notorious for high gas fees, especially during periods of network congestion. These fees can significantly increase the blur price you pay for transactions, making it less cost-effective for users, especially those dealing in lower-value NFTs.

Additionally, the lack of cross-chain compatibility means that Blur users miss out on unique NFTs and projects that are thriving on other blockchains. This limitation reduces the variety and uniqueness of NFTs available on Blur, potentially leading users to explore other marketplaces that offer a broader range of blockchain options.

In this Blur review, it’s important to recognize that while operating exclusively on the Ethereum blockchain provides certain benefits, it also limits the platform’s appeal to a broader audience. The inability to access non-Ethereum NFTs restricts the options for collectors and traders looking to explore the full spectrum of the NFT market. As the NFT space continues to evolve, having multi-chain support could become increasingly important for NFT marketplaces.

Not Very Beginner-Friendly

As I mentioned in the beginning, Blur is primarily designed for professional NFT traders. Its interface and features are optimized for speed, efficiency, and advanced trading strategies. While it does offer some features for collectors, the overall experience is more geared towards those looking to buy and sell NFTs quickly.

For beginners, OpenSea is generally a better starting point. It offers a more user-friendly interface, a wider range of NFT collections, and a larger community of users. This makes it easier to learn about NFTs, explore different collections, and make your first purchases.

However, once you become more comfortable with NFTs and start to explore trading opportunities, Blur could become a valuable tool. It offers advanced features that can help you make more informed trading decisions. Ultimately, the best platform for you depends on your goals. If you're just starting out and want to learn about NFTs and collect, OpenSea is a good choice. But, if you're interested in active trading and want to maximize your profits, Blur might be a better fit.

Blur Fees

One of the most appealing aspects of the Blur NFT marketplace is its competitive fee structure. First off, Blur's standout feature is its 0% marketplace fee for trading NFTs. That’s right, unlike many other platforms that charge a percentage of each transaction, Blur allows you to buy and sell NFTs without incurring any marketplace fees.

But that’s not all. Blur also has a low royalty fee structure. NFT royalties return a predetermined percentage of the proceeds from future resales of the digital asset to the creator^[1]. The platform enforces a minimum of 0.5% royalty fee on immutable collections. However, some collection like the Bored Ape Yacht Club has higher default royalty fees of up to 8%.

Other than that, you also need to pay for the ETH gas cost when trading on Blur. If you don't know, gas costs or gas fees are the mandatory fees for any transaction or smart contract on the Ethereum network^[2].

When considering the Blur price model, this flexibility and cost-effectiveness stand out. You get to trade your NFTs without worrying about high fees eating into your profits. 

In this Blur review, the fee structure is a significant highlight. It’s designed to attract more users by reducing the cost of transactions, which is a critical factor for both new and experienced traders. The combination of zero marketplace fees and lower royalties makes Blur a highly competitive player in the NFT market.

So, whether you're looking to buy your first NFT or you’re an experienced trader seeking to maximize your returns, the Blur price model offers an appealing and flexible solution. It’s yet another reason why Blur is quickly gaining popularity among NFT enthusiasts.

Blur Features

To get to know the Blur NFT marketplace better, I also want to highlight some of its notable features in this Blur review. These features are what makes Blur unique and they can help you decide if this is the platform for you.

Real-Time Price Feeds

Blur’s real-time price feeds are incredibly valuable for NFT traders and collectors who need up-to-date information to make informed decisions quickly. Blur provides live data on NFT prices, ensuring that you always have the latest market information at your fingertips.

The real-time price feeds mean you can track the Blur price of any NFT instantly. This is crucial in a market where prices can change rapidly, allowing you to act fast on buying opportunities or decide the right moment to sell. Having access to real-time data helps you stay ahead of market trends and avoid overpaying for NFTs.

Blur’s price feeds are integrated seamlessly into the platform, providing a smooth and intuitive user experience. Whether you’re a seasoned trader or new to the NFT space, this feature makes it easier to navigate the market and make strategic decisions.

In this Blur review, the real-time price feeds feature is a significant advantage. It adds a layer of transparency and immediacy that enhances your trading experience, helping you get the best Blur price for your transactions and stay competitive in the fast-paced world of NFTs.

Sweeps

Sweep is one feature that really sets Blur apart, in my opinion. I mean, who hasn't dreamed of snagging multiple NFTs in one fell swoop? That's exactly what sweeping does.

With sweeping, you can set a maximum price for a specific NFT collection. It's like casting a wide net. If multiple NFTs in that collection match your price, they're yours. No more clicking around, refreshing pages, or getting outbid at the last second. It's like having a personal NFT assistant. Of course, there's a bit of luck involved, but the potential rewards are huge. So, if you're an NFT trader looking to streamline your process and increase your chances of scoring those rare finds, sweeping is definitely a feature to keep an eye on when using Blur.

Blur’s Blend

In my opinion, one of the most exciting features of Blur is its Blend (Blur lending) feature, which introduces NFT lending and borrowing to the marketplace. From my experience, this feature adds a whole new layer of flexibility and opportunity for both NFT owners and enthusiasts.

Here’s how it works: If you own valuable NFTs but aren’t ready to sell them, you can lend them out through Blur’s Blend. This allows you to earn a fee while still holding onto your assets. It’s a great way to generate passive income without parting with your prized NFTs. 

On the flip side, if you want to access high-value NFTs temporarily—maybe for a special event or virtual showcase—you can borrow them instead of buying them outright. This can be a more cost-effective solution and gives you the flexibility to enjoy top-tier NFTs without the full financial commitment.

What I really appreciate about Blend is the security and transparency it offers. Lenders are protected by requiring collateral from borrowers, managed seamlessly through smart contracts. This reduces the risk of default and ensures that transactions are handled securely.

Overall, in this Blur review, I find that Blend significantly enhances the platform’s appeal by increasing NFT liquidity and offering innovative ways to engage with NFTs. Whether you’re looking to earn from your holdings or temporarily access premium NFTs, Blur’s Blend feature provides practical and exciting options that enrich the NFT marketplace experience.

Blur Token

Blur token (BLUR) is the digital heartbeat of the Blur NFT marketplace. It's a key component that drives the platform's ecosystem. Imagine the BLUR token as the fuel that powers the platform's engine. As a governance token, BLUR gives holders a say in how the platform evolves. It's like being a shareholder in a company but for an NFT marketplace. This democratic aspect is crucial for shaping the future of Blur.

But that's not all. Blur has been generous with its token distribution, rewarding early users and active traders. 700 million BLUR was distributed to the community during its first and second seasons, with the third season still ongoing at the time of writing this article.

This has created a loyal community and boosted platform engagement. Plus, BLUR has utility within the platform, offering benefits like fee discounts and exclusive access to certain features.

How to Use Blur?

The last thing I want to show you in this Blur review is how to use the platform. As I said earlier, Blur is pretty intuitive. But, you can follow my step-by-step guide to help you navigate this marketplace easier.

How to Log in to Blur

Step 1: Open your web browser and go to the Blur NFT marketplace website. Then, click on the "Connect Wallet" button.

Step 2:  Choose your preferred wallet (MetaMask, WalletConnect, etc.) to connect to the platform.

Step 3: After completing the verification process, you can access your Blur account and start exploring the platform.

How to Buy an NFT on Blur

Step 1: Explore different NFT collections available on Blur. You can use search filters to find specific types of NFTs.

Step 2: Once you find an NFT you want to purchase, click on it to view its details.

Step 3: If the NFT is listed for auction, you can place a bid. If it has a fixed price, you can directly buy it using the "Buy Now" option.

Step 4: Review the purchase details, including the price and any associated fees. Confirm the transaction by signing it with your connected wallet.

Step 5: Once you confirm the purchase, wait for the transaction to be processed on the Ethereum blockchain.

How to Sell an NFT on Blur

Step 1: Open your portfolio page on Blur's website.

Step 2: Select the NFT you want to sell and click on the "List" button.

Step 3: Set the starting price, ending time (for auctions), and any other relevant details for your listing.

Step 4: Review the listing details and confirm your NFT for sale. Once listed, buyers can start bidding or purchasing your NFT.

Conclusions

So, there you have it, my take on the Blur NFT marketplace. It's clear that Blur has reshaped the NFT landscape, particularly for those who approach NFTs as a serious investment. With a laser focus on traders, it's packed features like sweeping and order books that make a huge difference. And let's not forget about the BLUR token, which adds another layer of excitement and utility.

While platforms like OpenSea and Binance NFT Marketplace have their strengths, Blur's dedication to the trading experience is unparalleled. Its portfolio management, batch trading capabilities, and zero transaction fees are game-changers for professionals. The platform's user interface might be a bit daunting for newcomers, but the potential rewards for those willing to invest the time to learn it are substantial.

Of course, the NFT market is highly dynamic, and Blur price will likely fluctuate. But for now, I think it's a platform that serious NFT traders should definitely keep a close eye on. Whether you're a seasoned pro or just starting to dip your toes into the NFT world, understanding Blur is crucial for navigating this exciting and ever-changing market.

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Scientific References

1. Tunc M. M., Cavusoglu H., Zheng E.: Resale Royalty in NFT Marketplaces: Blessing or Burden for Creators and Platforms?;

2. Koutmos D.: Network Activity and Ethereum Gas Prices.