{"id":4007,"date":"2023-02-21T11:57:24","date_gmt":"2023-02-21T11:57:24","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/21\/blur-new-nft-marketplace-leader-nft-news-today\/"},"modified":"2023-02-21T11:57:24","modified_gmt":"2023-02-21T11:57:24","slug":"blur-new-nft-marketplace-leader-nft-news-today","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/21\/blur-new-nft-marketplace-leader-nft-news-today\/","title":{"rendered":"Blur New NFT Marketplace Leader &#8211; NFT News Today"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em><strong>Trading volume for NFT marketplaces Blur and Opensea is soaring as NFT traders regain confidence. <\/strong><\/em><\/p>\n<p>The year is starting with a bang for NFT trading, and there\u2019s a new marketplace in town.\u00a0<\/p>\n<p>In fact, <a href=\"https:\/\/nftnewstoday.com\/2022\/10\/27\/an-introduction-to-the-new-nft-marketplace-blur\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Blur marketplace<\/a> is clearly overtaking Opensea as the number 1 NFT marketplace in the world.<\/p>\n<p>The new rival for Opensea caters for professional traders on the Ethereum network, and is incentivizing them to actively trade NFTs.<\/p>\n<p>Indeed, Blur\u2019s new rewards scheme is taking off. <a href=\"https:\/\/dappradar.com\/nft\/marketplaces\/protocol\/ethereum\" target=\"_blank\" rel=\"noopener\" title=\"\">According to DappRadar<\/a>, the marketplace has seen $502.02M in trade volume in the last seven days \u2013 up 415% from the previous week. By comparison, Opensea is lagging behind on $322.11M, but they\u2019re also up 235% from the previous week. \u00a0<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><figcaption class=\"wp-element-caption\">Credit DappRadar<\/figcaption><\/figure>\n<\/div>\n<h2>Blur\u2019s rewards scheme<\/h2>\n<p>Blur\u2019s success is down to the platform\u2019s rewards and incentives. Indeed, traders are being encouraged to trade like professionals, buying and flipping NFTs the same way they might flip DeFi tokens. For example, the marketplace has already <a href=\"https:\/\/nftnewstoday.com\/2023\/02\/15\/nft-marketplace-blur-launches-new-token\/\" target=\"_blank\" rel=\"noopener\" title=\"\">conducted three airdrops to its active traders<\/a>, giving away 360M $BLUR tokens.<\/p>\n<p>Consequently, many traders are spending their $BLUR tokens trading NFTs on the platform. In addition, Blur marketplace rewards traders for using bidding pools that enable bulk trading for NFTs.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Blur Bidding Pools have reached a new ATH of $132.65M TVL, or, around 2.4x Aptos TVL and 0.5x Solana TVL.<\/p>\n<p>Blur also became the #1 protocol on Ethereum by gas usage as well, surpassing both Uniswap and Seaport.<\/p>\n<p>\ud83d\udea8TURN NOTIFICATIONS ON\ud83d\udea8 for details about Season 2, coming soon! <a href=\"https:\/\/t.co\/89DONJ6K8z\" target=\"_blank\">https:\/\/t.co\/89DONJ6K8z<\/a> <a href=\"https:\/\/t.co\/GCqGHDQBcq\" target=\"_blank\">pic.twitter.com\/GCqGHDQBcq<\/a><\/p>\n<p>\u2014 Blur (@blur_io) <a href=\"https:\/\/twitter.com\/blur_io\/status\/1627709640585940994?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 20, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Therefore, with so much incentive to trade, Blur\u2019s clever rewards scheme is sparking a frenzy in NFT trading.<\/p>\n<h2>Whale traders dominate<\/h2>\n<p>A large portion of the trading activity is down to whale traders. For example, renowned whale trader MachiBigBrother was involved in nearly 1300 Otherside NFT trades in a seven-day span. Moreover, there are many others like MachiBigBrother, who are trading frequently to earn future token rewards. \u00a0<\/p>\n<p>On that note, Blur is already teasing its \u2018Season 2\u2019 token airdrop. Specifically, traders who \u201cbid on top collections closer to the floor get more rewards.\u201d In essence, that means getting bids in early for a popular NFT project will earn rewards on Blur. Hence, Blur is encouraging the pro-trading style and high levels of volume and activity.\u00a0<\/p>\n<p>In response to Blur\u2019s success last week, Opensea cut its 2.5% fee on all NFT sales. In addition, Opensea reduced creator royalty protections, which <a href=\"https:\/\/decrypt.co\/121450\/blur-advises-nft-creators-to-block-opensea-in-royalties-battle\" target=\"_blank\" rel=\"noopener\" title=\"\">provoked a combative response from Blur.<\/a>\u00a0<\/p>\n<p>As things stand, the two marketplaces are head and shoulders above the rest of the competition. What is more, the two rivals are engaging in a titanic battle for dominance.\u00a0<\/p>\n<p>Watch this space for more news on the battle front.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftnewstoday.com\/2023\/02\/21\/blur-new-nft-marketplace-leader\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=blur-new-nft-marketplace-leader\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading volume for NFT marketplaces Blur and Opensea is soaring as NFT traders regain confidence. The year is starting with a bang for NFT trading, and there\u2019s a new marketplace in town.\u00a0 In fact, Blur marketplace is clearly overtaking Opensea as the number 1 NFT marketplace in the world. The new rival for Opensea caters [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftnewstoday.com\/wp-content\/uploads\/2023\/02\/Credit-Freepik-12.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4007"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=4007"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/4008"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=4007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=4007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=4007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}