Blur is powered by its native governance token, BLUR, and operates as a distinctive NFT marketplace and aggregator platform. This platform offers advanced functionalities like real-time price updates, portfolio management, and cross-marketplace NFT comparisons. Blur boasts faster NFT sweeps and a user-friendly interface, setting it apart from other similar platforms.

Professional NFT traders have been increasingly drawn to Blur, and this could be attributed to various factors, including the recent distribution of 360 million BLUR tokens through an airdrop. These tokens have a value of approximately $355 million at the current time. Blur operates on the Ethereum blockchain and has secured over $14 million in funding from notable investors and traders such as Paradigm, 6529, Cozomo Medici, and others.

The rise of BLUR gained significant attention after its launch in October 2022, marked by its promise of distributing BLUR tokens as airdrops to top users on the platform.

Blur, the NFT marketplace built on Solana, was founded by Tieshun Roquerre, who is known by the online pseudonym "Pacman." Roquerre, aged 24, is a high school and MIT dropout with a background as a software engineer at Teespring, an e-commerce platform. He had a vision of creating a platform tailored to more experienced NFT traders, aiming to establish a "Binance for NFTs."

Roquerre drew inspiration from decentralized crypto exchange Uniswap and Chinese e-commerce giant Taobao for shaping Blur's tokenomics and growth strategy. Notably, in February 2023, Blur took steps towards greater decentralization by allowing BLUR token holders to participate in the platform's governance. This shift empowered token holders to influence the protocol's value distribution and accrual. To support community growth, the Blur Foundation was established around the same time.

Roquerre is optimistic about the potential for major NFT trading platforms to find common ground and collaborate on matters like creator royalties, indicating his desire for industry-wide cooperation.

Blur differentiates itself from other NFT platforms by focusing on areas where others may fall short, particularly in the contentious realm of NFT creator royalties. The platform incentivizes those who pay royalties by offering additional BLUR tokens, striving for a balanced approach between creators and traders.

While it doesn't fully support secondary market creator royalties like OpenSea, Blur made a bold move in February 2023, allowing collections that blocked sales on OpenSea to collect their complete royalty fees on Blur.

Despite its emphasis on professional traders, Blur accommodates newcomers as well, provided they invest the effort to learn its functionalities.

Blur's distinctive features contribute to an enhanced NFT trading experience, potentially optimizing profits. These include a faster NFT sweep and snipe function, real-time price feeds, and price-based sorting. As an aggregator, it interfaces with X2Y2, OpenSea, and LooksRare.

An attractive aspect is Blur's absence of trading fees for NFT sales. Traders can manage their digital assets via Blur's portfolio tab, offering insights into rarity, value, profit, loss, and more.

The Blur Network utilizes a proprietary mining algorithm known as CryptoNight-Dynamic to enhance its network security. This algorithm adjusts approximately every five seconds, aiming to balance CPU mining efficiency while preventing vulnerability to ASIC mining. The unique characteristic of this custom algorithm is its dynamic variation, occurring both within blocks and between blocks, altering about every five blocks. This unpredictability thwarts attackers' ability to anticipate its changes, thereby bolstering network security. In essence, Blur's tailored algorithm is engineered to withstand specialized mining hardware and centralized mining pools, preserving the network's decentralization.

A series of transactions on the Blur NFT marketplace has stirred controversy as a trader named Hanwe Chang executed a clever scheme to deceive bots into purchasing Azuki NFTs at inflated prices, resulting in a profit of 800 ETH (around $1.5 million). Blur, a relatively new NFT platform, has gained attention due to its gamified incentives rewarding users with tokens based on trading activity. Chang exploited the bot copying trend by placing bids on his own NFTs at significantly higher prices and then accepting the mimicked bids, resulting in substantial profit. The incident has sparked discussions on social media, with varying opinions on the legality and morality of Chang's actions.

For more information about Blur (BLUR), visit Suncrypto Price Explorer.