Blur
Crypto Overview
Overview
Blur is the native token of the Blur NFT marketplace, launched in 2022. The platform positions itself as a professional-grade NFT marketplace designed for experienced traders, offering advanced features like portfolio analytics, real-time price data, and aggregated listings across multiple marketplaces.
Intended Utility
The BLUR token serves multiple purposes within the ecosystem: governance rights for the Blur DAO, trading rewards for active platform users, and fee-sharing mechanisms for token holders. The token was distributed through an airdrop system that rewarded active NFT traders.
Actual Utility
The token demonstrates significant real-world adoption within the NFT trading ecosystem. On-chain data shows active usage for governance voting, with token holders participating in key protocol decisions. The platform has captured substantial market share in the NFT trading space, competing directly with established platforms like OpenSea.
Token Distribution and Governance
The token distribution includes allocations to the team (9%), investors (29%), advisors (2%), and the community (60%). Team and investor tokens are subject to a 4-year vesting schedule with a 1-year cliff, demonstrating long-term alignment. The project maintains active development with regular updates and feature releases.
Technical Implementation
The platform operates as a non-custodial marketplace, meaning users maintain control of their assets until trades are executed. The smart contracts have been audited by reputable firms. The revenue model is based on trading fees and does not involve interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in Blur from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Blur.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.