Blur (BLUR)

NFT marketplace on Ethereum

Basics

• Based in:
• Started in / Announced on: 26-3-2022
• Testnet release:
• Mainnet release: 10-2022

Audits & Exploits

• Bug bounty program can be found [insert here].

Bugs/Exploits

• Had a bug which allows old bids to be accepted (2-5-2023).

Token

Launch

• From Our Network (18-2-2023):

"Over 90% of BLUR tokens were already claimed by 89k addresses. The high demand caused Ethereum gas to surge to a new all-time high of 2000 Gwei, following Otherside's sale. The top airdrop recipient was anonymous and granted over 3.2m BLUR tokens, worth $3m at the time. Post-airdrop behavior analysis shows that out of the 89k wallets that received BLUR tokens, 72.7% (69k wallets) sold their tokens, with 19.7% (13.6k) of those deposited to CEXs. Only 2.8% (2.7k wallets) bought more. 24.5% (23k wallets) are still holding onto their tokens."

• Started its token off with an airdrop (16-2-2023):

"BLUR has a total supply of 3B tokens, of which 360M, or 12%, were claimable by eligible users on Tuesday."

Technology

• Whitepaper or docs can be found [insert here].
• Code can be viewed [insert here].
• Consensus mechanism:
• Algorithm:
• Virtual Machine:
• Development language used:

Transaction Details

• Capacity (TPS):
• Latency:

Their Other Projects

• Announced a L2 called Blast (11-2023). Had a separate raise for it.

Roadmap

• Can be found [Insert link here].

Usage

• From The Defiant (16-2-2023):

"Since its public launch in October last year, Blur has positioned itself as the most promising competitor to OpenSea and an ideological rival. OpenSea has long dominated the NFT market, but Blur has recently gained ground on the back of an airdrop campaign geared towards incentivizing usage of the platform. Since December, trading volume on Blur has topped that of OpenSea in all but two weeks, according to data gathered by Hildobby, a pseudonymous data analyst at crypto venture capital firm Dragonfly. It should be noted, however, that OpenSea still maintains a commanding lead in terms of active users despite the surging volumes on Blur."

Competition

• OpenSea and other NFT marketplaces.

Team, Funding and Partners

Team

• Full team can be found [here].
• From their announcement (28-3-2022):

"We’ve assembled a team of builders with experience from MIT, Five Rings, Brex, Square, and Y Combinator"

Funding

• From The Block (14-2-2023):

"Blur set to raise at billion dollar valuation. Blur initially went out to potential backers in the hope of raising $15 million to $30 million, with a price tag of $700 million in mind, only to see it tick higher as the round became oversubscribed."

• From their announcement (28-3-2022):

"Blur has raised an $11 million seed round led by Paradigm to build the best NFT marketplace for pro traders. Joining Paradigm in this round are other amazing partners including eGirl Capital, Keyboard Monkey, LedgerStatus, 0xMaki, Santiago Santos, Zeneca, Deeze, Andy (Fractional) and more."

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