Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,705,446,041 | Market Cap: $2,606,865,237,308
Blur
BLUR
$0.18
Sector
NFT
Exchange Debut
2023-02-14
Market Cap
316,920,833
Maxim Supply
3,000,000,000
Circulating Supply
1,762,495,617
Circ. Supply(%)
58.75%
Blur
BLUR
Price
$0.18
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
21162757
0.191366235786
0.172446356743
Change 24h
Change 7d
Change 30d
-5.2152
-4.6139
-26.6342
Maxim supply
Circulating supply
Circulating supply(%)
3,000,000,000
1,762,495,617
58.75%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Blur cryptocurrency:
Blur is an Ethereum-based non-fungible token (NFT) marketplace, offering advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT comparisons. Its native token, BLUR, is the governance token of the platform. Despite its short presence since October 2022, Blur has caught the attention of professional NFT traders and notable investors. After an in-depth fundamental analysis of the Blur cryptocurrency, it obtains an overall score of 6 out of 10. Now, let’s dive deeper into the different categories of this analysis.
SOCIAL & MASS MEDIA: Score 7.3 out of 10
Blur shows strong presence in social media and mass media with a good score of 7.3. Its ability to attract followers on social media pages is outstanding, scoring a perfect 10. The platform also enjoys considerable media presence, which shows its growing popularity and acceptance. Although, improvements could be made in terms of activities of social media administrators and community activity on the social media pages.
AUDIT & SECURITY: Score 5.45 out of 10
The audit and security of Blur is an area that needs attention. With a score of 5.45, it indicates that while the platform has a strong liquidity on exchanges, there are concerns about the transparency of information available to the public and the results of audits. It’s crucial that Blur takes measures to improve its audit and security practices to build trust among users and investors.
TOKENOMICS: Score 3.75 out of 10
The fundamental analysis of the Blur cryptocurrency reveals some challenges in its tokenomics, scoring a 3.75. The project shows signs of being inflationary and the monetary mass is relatively centralized, indicating a need for a more balanced token distribution to promote a healthier ecosystem.
ECOSYSTEM DEVELOPMENT: Score 6.2 out of 10
Blur’s ecosystem development scores reasonably well at 6.2. The platform shows a commendable commitment to achieving its objectives and bringing new developments to the project. These factors are critical to Blur’s growth and sustainability in the highly competitive NFT marketplace sector.
TEAM & DEVELOPERS: Score 4.04 out of 10
The team and developers score reflects room for improvement. Although the team has some experience, a score of 4.04 suggests that Blur would benefit from expanding its developer base to enhance its platform capabilities.
PRODUCT & UTILITY: Score 8.02 out of 10
In terms of product and utility, Blur shines with a high score of 8.02. This indicates that the platform provides a product with great utility, and the tokens also have a significant role within the ecosystem. This high score reflects the practical value that Blur brings to the NFT marketplace.
PARTNERS & INVESTORS: Score 5.5 out of 10
The partners and investors of Blur contribute a decent score of 5.5. The number and quality of partners and the capacity of investors show promise. However, more could be done to engage with potential partners and investors to boost this score further.
Fundamental analysis of the Blur cryptocurrency – The final conclusion
Based on the fundamental analysis of the Blur cryptocurrency, it’s clear that the project exhibits promise in several areas, particularly in product utility and its presence in social and mass media. However, there are significant areas for improvement. For instance, enhancing audit and security measures, improving tokenomics, and expanding the team of developers could greatly augment its current standing.
In terms of investment potential, it’s important to weigh the strengths and weaknesses identified in this analysis. The high utility of the product and active social media engagement point towards potential future growth. However, the project Nonetheless, the relatively low score in audit and security, tokenomics, and team & developers underscore the risks involved. Potential investors should be mindful of these challenges. They indicate possible volatility and reliance on a relatively small group for project development and governance. Transparency and equitable distribution of tokens would be crucial to enhance investor confidence and long-term stability.
In conclusion, Blur presents a unique proposition in the burgeoning NFT marketplace with the potential for significant growth. However, like any investment, potential investors should conduct thorough research and consider their risk tolerance before investing in the Blur project. Future improvements in areas identified in this analysis could certainly increase Blur’s appeal and solidify its position in the crypto ecosystem. The fundamental analysis of the Blur cryptocurrency points towards a project with great potential and areas for improvement. As such, continuous monitoring of its development will be key to understanding its trajectory and investment prospects.
The Emergence and Fundamental Analysis of Blur Cryptocurrency
Blur (BLUR) is the proprietary governance token for the Blur platform, an innovative non-fungible token (NFT) marketplace and aggregator. Recognized for its groundbreaking features such as real-time pricing, portfolio management, and cross-marketplace NFT comparisons, Blur has captured the attention of professional NFT traders. Its popularity also spiked due to a sizable airdrop of 360 million BLUR tokens, valued at approximately $355M, making it an attractive choice among Ethereum-based platforms.
Blur was launched in October 2022, promising airdrops of BLUR tokens to its top users, thereby gaining rapid prominence. Its founding team, including pseudonymous figures such as Pacman and Zeneca, have an impressive pedigree with connections to esteemed institutions like MIT, Citadel, Twitch, and Y Combinator.
Blur’s unique approach to NFT creator royalties is what sets it apart. It promotes the creator community by offering additional BLUR tokens as incentives to those who pay royalties. Although it diverges from OpenSea’s full support for secondary market creator royalties, it initiated an audacious move in February 2023, declaring that collections banned from OpenSea could claim their full royalty fees on Blur.
Uniqueness of Blur and its Airdrop Campaigns
Blur is designed to provide a seamless NFT trading experience with features like a rapid NFT sweep and snipe function, real-time pricing, and a sorting function based on price. As an aggregator, it links to other NFT platforms like X2Y2, OpenSea, and LooksRare (LOOK).
A series of Blur airdrops, in the form of Care Packages, contributed to its growing appeal. Distributed to early beta testers and active marketplace participants, these airdrops culminated in a global event in February 2023, causing BLUR’s price to soar to over $5 and then plummet to under $1 within 24 hours.
Tailored primarily for professional traders, Blur also offers valuable features for NFT market novices willing to invest the time to learn the platform. It’s characterized by its trader-focused approach, offering a no-fee trading experience and a detailed portfolio tab to aid in trading decisions. The fundamental analysis of Blur cryptocurrency reveals it as a formidable contender in the growing NFT market landscape.
Where Can You Buy Blur – BLUR?
BLUR can be purchased on cryptocurrency exchanges such as Kucoin and Gate.io.
All you need to do is create a free account on any of these exchanges and start trading.
- Latest analysis update: June 17, 2023
Blur - BLUR performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
