Blur NFT Marketplace Review 2024: Is It Digital Art’s Future?
TLDR
This Blur NFT Marketplace review will explore that this marketplace is for NFT degens. It shows a selection of NFTs listed independently and aggregates other NFTs from platforms like OpenSea.
The black retro interface is highly customizable. You can also view NFT listings in real-time as it updates every four seconds. In addition, Blend, Blur’s peer-to-peer lending platform, gives access to liquidity for popular NFTs.
However, you can only buy and trade digital assets using ETH and BLUR with no 0% marketplace fees. For creators, it has a minimum 0.5% royalty.
While it has excellent community support through Discord, it also has limitations, such as supporting only Ethereum NFT collections.
| Attribute | Information |
|---|---|
| Coinwebs rating | ⭐⭐⭐⭐ (4.8 stars) |
| Launched In | 2022 |
| Top Features | Blend, Retro Interface, Super Fast, Zero-Fees, Detailed Stats, Access to Other Platforms |
| Creator Royalties | 0.5% Mandatory |
| Supported Blockchains | Only Ethereum |
| Marketplace Fees | 0% (Only Gas Fees) |
| Payment Methods | $BLUR & ETH |
| Customer Support | Discord Community |
Company Overview
Launched in October 2022, Blur quickly became the largest NFT marketplace by volume and users for the Ethereum blockchain. It secured funding from VC firms like Paradigm.
The guys behind Blur prefer to stay anonymous. Interesting, right? The founder, @PacmanBlur, has an MIT degree and a Peter Thiel Fellowship membership. Meanwhile, Zeneca of the ZenAcademy, directs the Blur Foundation.
Before its official launch, blur offered beta access to professional traders, who referred the most users. And guess what? Blur became an NFT sensation and took off like a rocket, surpassing Gem’s (now known as OpenSea Pro) trading volume in three days.
Who Is Blur NFT Marketplace for?
Here is who should use the Blur NFT marketplace:
Experienced NFT traders and collectors
For professional NFT traders, the Blur platform has much to offer. It is more competitive, with a stronger trader presence than other marketplaces. How so, you ask?
Firstly, all the exclusive NFT listings are on Blur, including:
- Moonbirds
- Lazy cubs
- Kanpai Pandas
- Sappy Seals
- Clon X
The cherry on top is its practical tools, including floor price, rarity score, and unrealized P&L to identify the most suitable NFTs.
Not for new investors
Given the detailed metrics and other information, it might not be the best option for newbies.
So, if you are starting out in NFTs, OpenSea and Nifty Gateway would be better alternatives to get you up to speed.
What makes Blur NFT a great choice
Let’s explore the reasons to choose this NFT marketplace:
See new listings in real time
Blur pulls pricing from the blockchain every four seconds on NFT listings. This marketplace ticks the box if you want speed — not the 30-minute-ago price.
You also get near-instant metadata when sniping NFTs. When trying out the feature, you feel that you have an advantage over investors on Opensea.
Check rarity easily
Blur’s interface makes it easy to check out rarity traits. There is no need to visit third-party sites for NFT, as you have everything in one place.
Blur does the heavy lifting by finding the lowest prices for each trait and giving it to you.
It means no more digging through endless listings and past transactions to determine if it’s good. Grabbing NFTs with the right traits makes it simple.
Zero-fee trading and royalties
Blur doesn’t charge a trading fee or marketplace fees. That means, as a user, you only have to cover gas fees. You pay a Starbucks coffee or your kid’s monthly tuition, depending on the time.
However, if you are a creator, paying a minimum of 0.5% creator royalties as a fee is enforced. Some have a higher default percentage of royalties, like Bored Apes, which defaults to an 8.0% royalty.
If you sell your NFT, a royalty percentage is automatically subtracted from your sales revenue. You’ll also pay ETH gas fees for listing.
Fastest NFT marketplace
Blur is among the fastest NFT marketplaces. Specifically, it is designed to support faster batch minting than many other NFT marketplaces today.
This enhanced speed applies to activities across all platforms. This is a competitive advantage to traders for sniping.
Blur NFT Marketplace Review: Top Key Features
Here are some of the best features of Blur NFT:
Sweep the floor
With Blur, you have the power to sweep through the most affordable listings in any collection quickly. How do they do that?
All collection results displayed a depth chart above the floor price. It shows how many NFTs are listed at different price points, indicating purchase fluctuations.
So, what about when you want to sell your NFTs? Blur’s has that covered with gas-optimized bulk listing and delisting.
But wait, there’s more! When doing sweeps, it skipped the NFTs with transactions in progress!
Another important thing we found on the platform is protection from scams. Let’s say someone with a stolen NFT is trying to sell it. Blur marks it suspicious and skips over these NFTs.
Easy listing and selling
To sell your NFT on Blur, head to the [Portfolio] tab. Blur does a great job of filtering out spammy NFTs and those tricky Etherscan leftovers, so your collection looks clean.
Blur only displays NFTs from collections it supports, and it’s strictly Ethereum territory here. So, no luck if you’re holding some cool Polygon-based Trump Cards.
Now, if you’ve got Blur-approved NFTs, you can set your own price and floor price for specific traits. The listing screen gives you the lowdown on the current floor prices for your collection, so you’re not guessing.
You can list durations from one hour to six months. If you want more eyeballs on your NFTs, you can cross-list them on other NFT marketplaces. We’ll discuss it in detail next!
Find NFTs listed on Blur and other platforms
Blur also works as an NFT market aggregator, displaying listings on other NFT platforms.
When testing out the platform, this feature streamlines your experience since you don’t have to open 100 tabs and cross-check on 4 monitors.
NFTs are sourced from these marketplaces:
- OpenSea: Once a dominant player, it now competes head-to-head with Blur. Some collections feature over 20% of listings from OpenSea.
- LooksRare: Blur includes listings from LooksRare, a decentralized NFT platform, in its collections and search results.
However, listings from X2Y2, another decentralized NFT marketplace, are no longer included.
Intuitive user interface
Blur’s interface is highly customizable. You can switch to a light or dark theme. You can also switch between lists and tiles while browsing collections.
On top of that, they’ve got two viewing options: Trader and Collector view.
Trader View is all about stats and charts, while Collector View gives you big, beautiful NFT pics – though you’ll sacrifice the charts. You’ll find a neat toggle right at the bottom of the page.
Now, if you’re more of a stats person like us, the trader views your jam. It’s got bids, rarity ratings, and past sales.
While Blur’s interface is rich in detail, it might feel overwhelming if you’re a beginner. They’re targeting the power users, giving off a Bloomberg Terminal vibe rather than Amazon feels.
Borrow or lend NFTs and earn interest
Blend is Blurs lending feature with collaterals to access ETH liquidity. The second feature is a “buy-now-pay-later” option, allowing users to secure premium NFTs with a small initial payment.
The process is similar to a down payment on a house. This feature is a game-changer, especially for those eyeing coveted NFTs like:
- Bored Ape Yacht Club
- CryptoPunk NFTs
- Cool Cats
Here’s the cool part: They teamed up with Paradigm to cook up Blend.
It has no fees, is flexible, and plays nicely with different types of collateral. Plus, it’s adapting to the market rates.
BLUR governance token
Since the $BLUR token launch, the platform has been airdropping these to loyal users.
They have a points system through bidding, sweeping, or listing on Blur. The points could qualify you for BLUR tokens in the upcoming airdrop. In the next incentive release, Blur airdrop will have 3 million tokens sent out.
The total circulating supply for Blur will be 3 billion tokens. About 50% goes into the community treasury for things like airdrops, and the rest gets split between investors, advisors, and future core contributors.
Now, some users out there are scoring big with these BLUR airdrops. You can even trade the token on major exchanges like Coinbase (last we checked, it was about $0.17).
Lastly, BLUR tokens aren’t just for daydreaming but double as governance tokens. So if you HODL them, you get a say in shaping the protocol’s future.
How to get started with Blur Marketplace
Follow these steps to get started with the Blur NFT marketplace right away!
Marketplace Fee
- No fees
Blockchain Network
- Ethereum
User Interface
- Advanced
More details
Blur NFT Marketplace stands out for its multi-functionality as a marketplace and NFT aggregator on Ethereum. With real-time listing updates every four seconds, its ideal for experienced investors. The detailed metrics, including floor price, rarity score, and unrealized P&L. With no marketplace fees, it is a solid pick.
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Real-time listings.
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NFT aggregator.
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Zero marketplace fees.
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Retro-style interface.
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Detailed metrics, including rarity.
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Only Ethereum NFTs.
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Lack of supported crypto.
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No fiat support.
Step 1: Visit the website
Start by visiting the website. Once there, click [Connect Wallet].
Step 2: Choose a wallet
After that, you will see a connect wallet pop-up. Select any wallet that suits you. For this guide, we will go with [MetaMask].
Step 3: Connect with MetaMask
Next up, you will see a MetaMask pop-up on your screen. Click [next] to move forward.
Step 4: Sign the wallet request
Then, you will see a sign request on your MetaMask pop-up. Click [Sign].
Congratulations! You are all set to start exploring.
Blur NFT Review: Drawbacks
Let’s discuss some potential dealbreakers:
- Limited Selection: Blur’s got some big-name collections like CryptoPunks and Bored Ape Yacht Club, but it’s a bit like a specialized boutique. You might be out of luck if you’re into other types of NFTs like gaming, music, sports, or the metaverse.
- Exclusive to Ethereum: Blur plays exclusively in Ethereum’s sandbox, which is excellent for ETH fans. But, and it’s a big but, that means dealing with the network’s high gas fees and congestion. So, if you’re eyeing blockchains like Binance Smart Chain, Polygon, Solana, or Cardano for their lower fees and speed, Blur won’t be your playground.
- Price Hunt Challenge: Blur doesn’t have a handy site-wide price search feature. So, if you’re looking for deals or want to splurge on high-end NFTs, you’ll do some manual legwork. You’ll need to dive into each collection and compare prices yourself.
- Lack of fiat integration: Blur doesn’t support fiat currencies like US dollars, euros, or pounds. If you’re not crypto-savvy or prefer the good old paper money, you’ll need to jump through hoops to convert your fiat cash into ETH or BLUR before you can start trading.
Alternatives to Blur NFT
OpenSea
Blur’s dApp caters primarily to pro traders, while OpenSea may be a better choice for retail buyers and individuals interested in NFTs on blockchains other than Ethereum. However, the latter charges buyers a 2.5% marketplace fee for purchases and supports 7+ blockchain networks. Plus, it has a 10% royalty cap for creators.
More details
OpenSea, celebrated as the largest NFT marketplace, stands out with diverse collections for various enthusiasts and a gas-free operation on Polygon. Noted for its fair fees and easy accessibility, it serves as an attractive hub for creators and collectors alike.
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Competitive service fees.
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No gas fees for most transactions.
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The most extensive collection of NFTs.
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Easy artist account creation.
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10% royalty cap.
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Limited customer service.
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Vulnerable to scams.
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History of insider trading.
Rarible
Compared to Blur, Rarible is a better option if you want a multi-chain NFT experience. With support for 4+ blockchains, it is a more expensive option than the former, as it charges a 1% market fee. If you are a creator, you get to enjoy gas-free minting.
More details
Rarible, a thriving NFT marketplace, offers various digital items to cater to experienced collectors and beginner. Its intuitive interface simplifies buying, selling, or minting NFTs such as art and gaming. Additionally, the RARI token provides users governance, shaping the marketplace's future direction.
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Perfect for new users.
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Cost-effective platform.
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Card payments are supported.
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Multiple Blockchains supported.
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Gas-free minting.
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Service fees
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ETH crypto wallet is a requirement.
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Faces intense competition.
Binance NFT Marketplace
The Binance NFT marketplace, known for its minimal 1% marketplace fee, allows users to engage in NFT trading across various categories, encompassing gaming, collectibles, art, and sports. Exploring Ethereum and Binance Smart Chain is better than exploring the Blur marketplace.
More details
Binance NFT marketplace, a low-fee platform, enables users to trade various NFTs, including gaming, collectibles, art, and sports. Unavailable for U.S. customers, it's accessed through Binance's primary platform. Overall a great NFT platform recommended for new users.
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Low trading fees.
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Big-name collaborations.
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Gaming NFTs for P2E games.
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USer friendly.
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Educational resources
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Not available in the U.S.
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Binance's regulatory challenges.
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Unpredictability for features.
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Pre-approved creators can mint.
Final Verdict
Blur NFT Marketplace highlights that despite the ongoing challenges, dedicated developer teams still believe in the crypto tech’s long-term potential. Technically, Blur outshines all other NFT platforms and aggregators.
While Blur’s quality speaks for itself, its adoption remains uncertain. To compete with OpenSea, it must strike a balance suitable for expert traders while welcoming a broader audience. Maybe that is not their forte, and advanced traders are more appealing.
Achieving further success and widespread market adoption is Blur’s next big challenge.
It depends on your NFT interests and needs. If you're into specific collections supported by Blur and appreciate its detailed stats, it is surely worth it. Plus, it has amore trader-friendly fee structure in NFT space.
Blur is limited to Ethereum chain only, while OpenSea supports 7+ blockchains but charges marketplace fees. OpenSea is more suitable for new buyers, while Blur caters to professional NFT traders. In addition to, order book NFT transactions, Blur offers sweeping feature.
Yes, Blur Marketplace is considered a legitimate NFT platform. It has gained recognition and positive reviews for its BLUR tokens incentive programs within the professional NFT community.
Blur doesn't charge a trading fee for traders but enforces a minimum 0.5% NFT royalty fee for creators. Users also need to consider ETH gas fees for listing NFTs.
