Disruptive Newcomer Blur Surpasses OpenSea With Blazing Growth, But For How Long?

NFT market on writer . Since the boom in 2021, OPENSEA has been the dominant marketplace for creators and traders. As a result, it has stirred up excitement in the NFT space despite seeing dull times due to the prolonged bear market

Blur’s Growing Popularity

NFT marketplace Blur has garnered a lot of attention recently due to its meteoric rise in popularity after conducting an airdrop on February 14, 2023; which resulted in a significant increase in its trading volumes over the past few days. Correspondingly, it has stirred up excitement in the nft space despite seeing dull times due to the prolonged bear marketblur’s growing popularitynft marketplace blur has garnered a lot of attention recently due to its meteoric rise in popularity after conducting an airdrop on february 14, 2023; which has resulted in significantly increased trade volumes in recent days.

Based on Blur's market financials, the total volume of transactions for the month of February has already exceeded $450 million, an increase of 150% over November 2022. Furthermore, since February 3, before the Blur native token, the market has generated more revenue for creators through royalties than any other non-financial platform.

In fact, NFT collection creators are presently making more money from royalties than they did at the end of 2022. Furthermore, it’s to be noted that, Blur began increasing the amount of money it paid to content creators just twenty days before OpenSea changed its fee policy

Can Blur Sustain Competition?

However, all of these take place against the backdrop of a successful airdrop campaign carried out by the Blur team, which had a value of approximately $1,500. However, this is all in the context of a successful Blur Team-led airdrop campaign, valued at approximately $1,500.

Proponents of Hedera (HBAR) claim to have a superior NFT royalty structure where creators can implement & hard-code royalty payments directly into their NFTs at the time of minting. Correspondingly, many have begun to speculate on the long-term viability of the platform in light of the emergence of newer platforms with comparable royalty structures.Consequently, many have started to speculate on the long-term viability of the platform in light of the emergence of new platforms with comparable fee structures. Gregory schneider, the general counsel assistant to hedera, announced the availability of the new nft feature last month in a short video. At the time of writing, HBAR’s price presently trades for $0.071 with a market cap of roughly $2 billion.

As of writing, the price of hbar is currently trading for $0.071 with a market capitalization of about $2 billion. According to the team, Blur’s Bidding Pools have reached a new high of $143.51 million in which will be later distributed in Blur’s season 2 airdrop. According to the team, the Blur auction pools reached a new high of $143.51 million that will be distributed later in the Blur Season 2 air fall.

Also Read: Over 3 Billion HBAR Tokens Set To Unlock; Massive Hedera Price Drop Ahead?