• Blur, the non-fungible token (NFT) marketplace, has seen a significant increase in volume since its launch in October.
• According to statistics from Dune Analytics, Blur has captured about 30% of the market share in terms of sales volume, rivaling industry leader Opensea.
• The platform has scheduled the launch of its native token, which was originally planned for January 2023 but delayed, to Feb. 14, 2023.
The non-fungible token (NFT) marketplace, Blur, has seen a significant boost in volume since its launch in October. The platform has gone from relative obscurity to becoming a major player in the market, rivaling industry leader Opensea. According to statistics from Dune Analytics, Blur has captured around 30% of the market share in terms of sales volume, making it the second-largest NFT marketplace in the world.
The platform has also announced the upcoming launch of its native token, which was originally planned for January 2023 but delayed. The token is now scheduled to be released on Feb. 14, 2023. The platform tweeted, “We know this is past our initial estimate of January and we’re sorry for the delay. We’re trying new things and the extra two weeks will allow us to deliver a launch that hasn’t been done before.”
Seven-day metrics from Dappradar.com indicate that Blur has recorded $33.06 million in NFT sales. This is a significant increase from the platform’s total sales of just $8.3 million in the first week of October. The platform’s 24-hour sales statistics indicate that Blur’s sales over the last day totaled $5.08 million, compared to Opensea’s $16.24 million.
The platform’s surge in popularity is likely due to the airdrop of 120 million LOOKS tokens, or 12% of the total supply, to the Looksrare community in 2021. The airdrop likely attracted a lot of attention to the platform and increased its user base.
With the launch of its native token on the horizon, it looks like Blur is well on its way to becoming a major player in the NFT market. Many are optimistic that the platform will be able to continue its impressive growth and solidify its place as a leader in the space.
Comments are disabled