Get BLUR crypto price prediction based on facts and its potential.
What is Blur crypto?
The Marketplace
NFTs, or non-fungible tokens, are unique digital assets that can represent anything from art, music, games to collectibles. They have exploded in popularity in recent years, creating a huge demand for platforms that allow users to buy, sell, or trade them.
Two of the most prominent NFT marketplaces are Blur.io and OpenSea.
Blur.io is a relatively new platform that launched in October 2022. It has quickly risen to become one of the top NFT marketplaces on Ethereum, surpassing OpenSea in terms of sales volume.
OpenSea is the oldest and largest NFT marketplace, founded in 2017. It supports a wide range of NFTs from various platforms and protocols, such as Ethereum, Polygon, Solana, Binance Smart Chain, and others.
Both Blur.io and OpenSea have their strengths and weaknesses as NFT marketplaces. Blur.io has an edge in terms of speed, efficiency, innovation, and community engagement. It also offers zero fees for sellers and low fees for buyers, but the platform is still relatively new, untested, not to mention it may face scalability issues as it grows.
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Why Blur.io is different
Some of its advantages include:
- Real-time price feeds: update the prices of NFTs in real-time, allowing users to see the latest market trends and opportunities.
- Portfolio management: allow users to manage their NFT collections across multiple platforms and sources, such as OpenSea, Rarible, SuperRare and others.
- Multi-marketplace NFT comparisons: enable users to compare NFTs from different marketplaces and platforms, such as Polygon, Solana, Binance Smart Chain and others.
- Floor depth visualizations: display the floor depth of NFT collections, showing how many NFTs are available at each price point.
- Automatic metadata updates: reveal the artworks of freshly minted NFTs by automatically updating their metadata.
- Trait-based floor listings: list the floor prices of NFTs based on their traits, such as rarity, attributes, properties and others.
- Gas fee presets: streamline the trading efficiency by allowing users to set their preferred gas fees for transactions.
The token BLUR
Blur.io has a native token called BLUR, which gives holders access to governance, rewards, and exclusive features.
The platform has attracted a lot of attention with its generous airdrops, which reward loyal and active users with BLUR tokens.
BLUR token has several utilities on Blur.io:
- Governance: BLUR holders can vote on Blur Improvement Proposals (BIPs) that affect the development and direction of the platform.
- Rewards: by holding the token, holders can earn rewards by providing liquidity, staking, or participating in other activities on the platform.
- Access: some exclusive features and benefits are only available for BLUR holders, such as curated collections, premium listings, and special events.
Exclusive features for BLUR holders
- Trading fee discounts: get 0% fees for selling NFTs on Blur.io, while buyers pay a minimal fee of 0.5%.
- Curated collections: access curated collections of high-quality NFTs from various sources and platforms, such as OpenSea, Rarible, SuperRare and others.
- Premium listings: list NFTs on the front page of Blur.io, increasing visibility and potential sales.
- Special events: participate in special events and promotions, such as giveaways, auctions, drops and collaborations with artists and creators.
BLUR crypto airdrop
The first airdrop
The first airdrop was for users who had actively traded NFTs on any Ethereum-based marketplace in the six months prior to Blur.io’s launch in October 2022. These users were eligible to claim free care packages on Blur.io’s website.
Care packages are NFTs that can be opened for BLUR tokens. The amount of BLUR tokens in each care package depends on the user’s trading activity and loyalty.
The second airdrop
The second airdrop was for users who had listed their NFTs for sale on Blur.io through November 2022. These users were also eligible to claim free care packages based on their listing activity and loyalty.
Listing loyalty means listing NFTs exclusively on Blur.io or honoring royalty agreements with the original creators.
The third airdrop
The third airdrop was for users who had placed bids on NFTs through Blur.io. These users were also eligible to claim free care packages based on their bidding activity and loyalty.
Bidding loyalty means placing bids close to the floor price of NFTs or using Blur.io’s sweep feature.
The most recent airdrop, which was delayed from January to February 2023, was highly anticipated by the NFT community. Users who had claimed care packages were able to open them on February 14, 2023 and receive their BLUR tokens.
The airdrop generated a lot of excitement and trading volume for BLUR tokens, which reached an all-time high of $45.98 USD on the same day.
BLUR crypto tokenomics
BLUR status at the time of this article
- Total Supply: 3,000,000,000
- Circulation Supply (June 27, 2023): 719,400,000 (23.98% Total Supply)
- Market Price (June 27, 2023): $0.3375
- Market Cap (June 27, 2023): $242,290,000
- Fully Diluted Market Cap (June 27, 2023): $1,010,000,000
Tokenomics
BLUR tokenomics is designed to empower the community and facilitate democratic governance of the protocol.
- Community (51%): Airdrops, treasury, and ecosystem funds.
- Airdrops are the main way that Blur.io distributes BLUR tokens to its users, based on their trading activity and loyalty.
- Treasury funds are used for development, marketing, partnerships, and other operational expenses.
- Ecosystem funds are used for grants, bounties, hackathons, and other community initiatives.
- Team (28.9%): Founders, core team members, and early contributors.
- Team tokens are vested over 4 years with a 1-year cliff.
- Investors (18.9%): Seed round and private round investors.
- Investor tokens are vested over 2 years with a 6-month cliff.
- Advisors (1.2%): This includes strategic advisors and mentors.
- Advisor tokens are vested over 2 years with a 6-month cliff.
Vesting
- Community (51%):
- Community tokens are vested over 4 years with daily unlocks between February 14, 2023 and February 14, 2027.
- The distribution ratio is 40% for year 1, 30% for year 2, 20% for year 3, and 10% for year 4.
- Team (28.9%):
- Team tokens are vested over 4 years with daily unlocks between February 14, 2023 and February 14, 2027.
- The distribution ratio is the same as the community tokens. However, team tokens have a 4-month cliff between February 14, 2023 and June 14, 2023, meaning that no tokens will be unlocked during this period.
- Investors (18.9%):
- Investor tokens are vested over 2 years with daily unlocks between February 14, 2023 and February 14, 2025.
- The distribution ratio is also the same as the community tokens. However, investor tokens have a shorter cliff of 2 months between February 14, 2023 and April 14, 2023.
- Advisors (1.2%):
- Advisor tokens are assumed to have a similar vesting schedule as the investor tokens.
BLUR IDO price
There was no IDO for BLUR token.
In March 2022, it launched a seed round and raised $11,000,000. The event was led by Paradigm, followed by eGirl Capital, Keyboard Monkey, LedgerStatus, 0xMaki, Santiago Santos, Zeneca, Deeze, Andy (Fractional).
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Manage NFT on KEYRING NFT VIEWER
What is KEYRING NFT VIEWER?
KEYRING NFT VIEWER is part of KEYRING PRO’s system. This feature allows users to easily monitor NFTs in their possession across different chains.
At this point , users can find the feature at nft.keyring.app. It will soon become a built-in feature within KEYRING PRO app.
Aside from supporting the popular ERC-721 standard of NFT, KEYRING NFT VIEWER aslo supports ERC-6551, the latest one.
What is ERC-6551 NFT?
ERC-6551 is a new token standard for non-fungible tokens (NFTs) that is supposed to become a game-changer for the scene.
The new standard enhances the functionality and value of NFTs by providing them with smart contract capabilities.
The current ERC-721 standard for NFTs is limited in scope. It only allows NFTs to be owned and transferred. It does not allow NFTs to own other assets, such as tokens or other NFTs. It also does not allow NFTs to interact with other smart contracts or change or evolve over time based on external factors or user inputs.
ERC-6551 solves this problem by using a permissionless registry that is compatible with existing ERC-721 NFTs.
The registry is a smart contract that acts as a factory and a directory for token-bound accounts (TBAs).
Token-bound accounts (TBAs) are smart contract accounts that are owned by ERC-721 tokens. TBAs can hold tokens and other NFTs just like a regular smart contract wallet can. They can also sign messages and verify signatures on behalf of the token, using the EIP-1271 standard.
Create TBA on KEYRING NFT VIEW
- Go to nft.keyring.app
- Connect Wallet with KEYRING PRO
- Choose an NFT to create TBA
- Click “Deploy TBA”
- Confirm and pay gas fee
BLUR crypto price
Please find the current BLUR crypto price below.
BLUR crypto price prediction
‘BLUR crypto price prediction’ has risen to be a hot term on search engines in the last few months, indicating a huge interest on the asset.
In fact, it would be impossible to predict the market price of an asset at any particular time. However, it’s undeniable that Blur.io is getting more popular through time, bringing more supporters to BLUR community progressively.
In the next halving cycle of Bitcoin in 2024, when circulation supply of BLUR is still far from its total supply and the market gets back its momentum, the market cap of BLUR might reach 1 – 2 billion USD. That means BLUR market price might surpass $2 at some points.
(*) This is only a speculation with no solid proof and not a financial advice.
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