Blur (BLUR)

NFT Trading and Investment

Blur is a decentralized NFT marketplace designed for professional and high-volume traders. It allows users to buy, sell, and trade NFTs with advanced tools like real-time price feeds and multi-marketplace comparisons.

Portfolio Management

Users can efficiently manage their NFT collections using Blur’s features, which include analytics and portfolio tracking to help make informed decisions.

Governance

The BLUR token is used for community governance. Token holders can vote on proposals and decisions related to the platform’s development and fee structures through a decentralized autonomous organization (DAO).

Lending and Borrowing

Blur supports crypto lending by allowing NFTs to be used as collateral, enabling peer-to-peer lending and borrowing within the platform.

Community Incentives

BLUR tokens also provide financial incentives such as loyalty rewards and airdrops to active users, encouraging participation and growth of the ecosystem.

Pros

• Blur charges zero transaction fees on its marketplace, saving money for users.
• It offers professional-grade analysis tools, making it ideal for serious NFT traders.
• Built on Ethereum, Blur benefits from a secure and well-established blockchain network.
• The platform includes features like rarity scores and transparent bid/ask order books, helping users make informed decisions.
• Blur has a point-based airdrop system that rewards active users with tokens.
• It supports fast and efficient NFT trading, appealing to NFT flippers and traders.

Cons

• Blur has a smaller user base compared to bigger marketplaces like OpenSea, which may affect liquidity.
• It has fewer advanced features such as storefront creation and auction hosting.
• The platform is more focused on trading basics, which might not suit users looking for a wide range of marketplace tools.
• Competition with established NFT marketplaces means Blur needs to keep innovating to attract and retain users.

Founders of Blur

Blur was founded by Tieshun Roquerre and Anthony Liu. They are also known by their online nicknames Pacman (Roquerre) and Galaga (Liu). The two met while studying at MIT. Roquerre previously founded a crypto domain company called Namebase before starting Blur.

Investors in Blur

Blur has raised around $51 million in funding. Some of the notable investors include Avangard Capital, Dragonfly Capital (San Francisco), FJ Labs, Gm Capital (Venture Capital), and Native Crypto. Additionally, Santiago Santos, a well-known investor in the crypto space, is also among the key backers of Blur. These investors come from venture capital firms and individual crypto investment backgrounds, supporting Blur's growth as a professional NFT marketplace.

Halal Status of Blur

• Yes or No: There is no clear, universally agreed "yes" or "no" answer specifically for Blur.
• Reason: Blur is an Ethereum-based NFT marketplace with a governance token. Whether it is halal depends on how the token and platform align with Islamic finance principles, such as avoiding interest (riba) and gambling. Since Blur is mainly a marketplace and governance token without explicit involvement in prohibited activities, some scholars might consider it halal, but this is not officially confirmed.
• Summary: The halal status of Blur depends on individual interpretation and detailed Shariah compliance analysis, which is not definitively available at this time.