Blur Crypto, a digital marketplace and non-fungible token market aggregator offering advanced analytics, has successfully launched on Blast, an Ethereum layer scaling network. Crypto traders and collectors can now trade Blast NFTs by switching channels on the Blur NFT marketplace.
In an April 30 blog post, Blur Crypto, the team behind Blur's NFT marketplace platform, confirmed the introduction of its NFT marketplace on the Blast Layer Two network. The integration will now allow traders to trade Blast-based non-fungible token collections and earn Blast Points and Gold.
1/ Presentation of Blur on Blast!
Trade NFT Blast. Earn explosion points and gold. pic.twitter.com/lYDw9cNIcM
– Blur (@blur_io) April 30, 2024
Blur NFT Market Explained
Launched in December 2022, Blur is a decentralized non-fungible token marketplace designed for professional traders. It offers unique features, flexible royalties to creators, and a favorable pricing structure. Additionally, the Blur NFT Marketplace offers an impressive range of features and a competitive pricing structure that sets it apart from other NFT marketplaces.
Blur has skyrocketed to become the number one marketplace over the past year, outpacing other NFT marketplaces like OpenSea and Magic Eden. Blur Crypto rose to the throne after focusing on high-volume traders rather than casual digital collectors.
To absorb more traders, Blur began rewarding its users by airdropping Blur tokens to collectors who sold NFTs. The initial airdrop targeted those who had traded NFTs in the previous six months, with care packages of varying rarity levels distributed based on their commercial value.
Blast continues to gain mainstream adoption
Since the Blur NFT Market is built on the Ethereum network and only supports the Ethereum blockchain, Tieshun Roquerre, the founder of the Blur NFT Market platform, thought of launching a competitive blockchain network, “Blast”, to increase the scalability of the NFT market.
Launched earlier this year, Blast is a layer 2 blockchain network built on top of the layer 1 blockchain, Ethereum, to help it scale by handling some of the transaction load of base layer blockchains. Blur Crypto created the network to combat the high transaction costs of digital assets by offering new trading instruments (NFT perps) and providing massive yield generation.
The Blast Layer 2 network continues to see massive adoption by traders and collectors. Since its inception, the blockchain network has seen over 625,000 stETH worth over $2.1 billion, 354,000 DAI worth around $355 million, and 2,610 ETH worth approximately $8.8 million.
Source: Dune.comBlast Trading Activities
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