{"id":9139,"date":"2023-07-06T09:22:36","date_gmt":"2023-07-06T09:22:36","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/06\/blurs-founder-responds-to-accusations-debunking-bad-takes-on-nft-market-crash\/"},"modified":"2023-07-06T09:22:36","modified_gmt":"2023-07-06T09:22:36","slug":"blurs-founder-responds-to-accusations-debunking-bad-takes-on-nft-market-crash","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/06\/blurs-founder-responds-to-accusations-debunking-bad-takes-on-nft-market-crash\/","title":{"rendered":"Blur&#8217;s Founder Responds to Accusations: Debunking &#8216;Bad Takes&#8217; on NFT Market Crash"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400\">Blur, the NFT trading platform, faces blame for the recent NFT market crash as project prices plummet. Let\u2019s dive in.\u00a0<\/span><\/p>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Blur faces blame for the recent NFT market crash as project prices rapidly decline. Traders and notable figures in the space point fingers at Blur and its attractive trading model.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Critics argue that Blur\u2019s attractive model has fueled rapid NFT flipping, leading to concerns about market instability.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Despite criticism, Blur has launched its v2 protocol with new features and rewards, without plans to change its model.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_114270\" aria-describedby=\"caption-attachment-114270\" style=\"width: 1920px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-114270 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur.webp\" alt=\"Still from Nft market crash\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur.webp 1920w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur-300x169.webp 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur-1024x576.webp 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur-768x432.webp 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur-100x56.webp 100w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur-150x84.webp 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur-450x253.webp 450w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur-1200x675.webp 1200w\" sizes=\"(max-width: 1920px) 100vw, 1920px\"\/><\/noscript><figcaption id=\"caption-attachment-114270\" class=\"wp-caption-text\">Blur Faces Controversy<\/figcaption><\/figure>\n<h2><span id=\"Blur_Faces_Blame_For_Recent_NFT_Market_Crash\"><b>Blur Faces Blame For Recent NFT Market Crash<\/b><span style=\"font-weight: 400\">\u00a0<\/span><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Significantly, the upstart marketplace that <\/span><a href=\"https:\/\/nftevening.com\/blur-vs-opensea-who-really-won-the-marketplace-wars\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">surpassed OpenSea<\/span><\/a><span style=\"font-weight: 400\"> as the leading Ethereum NFT trading platform, Blur, is now at the centre of blame for the recent NFT market crash. With falling prices of projects like Bored Ape Yacht Club, traders and notable names in the space are blaming Blur and its attractive trading model.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Blur entered the scene with a promise to cater to pro-NFT traders and offered a token airdrop to attract users away from competitors like OpenSea. However, critics argue that this model has fueled the rapid buying and selling of NFTs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The controversy surrounding Blur\u2019s approach has grown as market trading volume has declined. Traders who initially benefited from the rewards model are now losing money. Crypto influencers on Twitter have voiced concerns about Blur\u2019s impact on the market, with claims that Blur <\/span>is spending millions to control the floor prices of NFTs. Thus, negatively affecting investors\u2019 portfolios.<\/p>\n<p><span style=\"font-weight: 400\">Trevor Owens and Xero, leading figures in the NFT community, have criticised Blur for incentivising risky behaviour. However, Blur\u2019s founder, Tieshun \u201cPacman\u201d Roquerre, <\/span><a href=\"https:\/\/twitter.com\/PacmanBlur\/status\/1676662995970150401\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">responded to the criticism<\/span><\/a><span style=\"font-weight: 400\">, stating that floor prices have fluctuated since the marketplace\u2019s launch. Furthermore, he pointed to outside factors like the launch of the Azuki Elementals collection.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the growing criticism, Blur has launched its v2 protocol. The v2 protocol has new features and rewards. There have been no indications from Blur\u2019s founder of any plans to change the platform\u2019s model. As the NFT market faces challenges, the role of platforms like Blur and their impact on market dynamics will continue to be debated.<\/span><\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/blurs-founder-responds-to-accusations-debunking-bad-takes-on-nft-market-crash\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blur, the NFT trading platform, faces blame for the recent NFT market crash as project prices plummet. Let\u2019s dive in.\u00a0 TL;DR Blur faces blame for the recent NFT market crash as project prices rapidly decline. Traders and notable figures in the space point fingers at Blur and its attractive trading model. Critics argue that Blur\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9140,"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:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/blur.webp","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9139"}],"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=9139"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/9140"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=9139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=9139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=9139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}