NFT Marketplace Blur has launched on Blast L2 Network – here are more details

Blur Crypto, a digital marketplace and non-fungible token market aggregator offering advanced analytics, has successfully launched on Blast, an Ethereum layer-scaling network. Crypto traders and collectors can now trade Blast NFTs by switching chains on the Blur NFT marketplace.

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Blur NFT marketplace explained Blast continues to gain mainstream adoption Related NFT news:

In an April 30 blog post, Blur Crypto, the team behind Blur’s NFT marketplace platform, confirmed the launch of their NFT marketplace on the Blast Layer Two network. Thanks to the integration, traders can now trade Blast-based non-fungible token collections and earn Blast Points and Gold.

1/ Meet Blur on Blast!

Trade Blast NFTs. Earn Blast Points and gold. pic.twitter.com/lYDw9cNIcM

— Blur (@blur_io) April 30, 2024

Blur NFT marketplace explained

Launched in December 2022, Blur is a decentralized, non-fungible token marketplace designed for professional traders. It offers unique capabilities, flexible creator royalties, and an affordable compensation structure. Furthermore, Blur NFT marketplace offers an impressive range of features and a competitive fee structure that sets it apart from other NFT marketplaces.

Blur has become the number one marketplace over the past year, surpassing other NFT marketplaces such as OpenSea and Magic Eden. Blur Crypto rose to prominence after targeting large traders rather than casual digital collectors.

To absorb more merchants, Blur started rewarding its users by air-dropping fading tokens to collectors who sold NFTs. The first airdrop targeted those who had traded NFTs in the past six months, distributing care packages of varying rarity levels based on their trading value.

Blast continues to gain mainstream adoption

Since the Blur NFT marketplace is built on the Ethereum network and only supports the Ethereum blockchain, Tieshun Roquerre, the founder of the Blur NFT Market platform, thought of launching a competing blockchain network, ‘Blast’, to increase the scalability of the NFT marketplace.

Launched earlier this year, Blast is a Layer 2 blockchain network built on top of the Layer One blockchain, Ethereum, to help it scale by handling some of the transaction burden of the base layer blockchains. Blur Crypto created the network to address the high transaction costs for digital assets by offering new trading instruments (NFT offenders) and generating huge returns.

The Blast Layer 2 Network continues to be widely adopted by dealers and collectors. Since its inception, the blockchain network has seen more than 625,000 stETH worth over $2.1 billion, 354,000 DAI worth approximately $355 million, and 2,610 ETH worth approximately $8.8 million bridged.

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