US Coinbase to list “BLUR”, an NFT marketplace stock for professional traders

Coinbase to list BLUR

Major US crypto asset (virtual currency) exchange Coinbase announced on the 14th that it plans to list new stocks.

The target is Blur (BLUR) / USD, supported by the Ethereum network (ERC-20). Blur has a token unlock scheduled for the same day.

Coinbase plans to launch a USD-denominated trading service for BLUR as soon as liquidity is available, adding that it will manage BLUR as an experimental token and offer it in limited jurisdictions.

Coinbase will add support for Blur (BLUR) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.

— Coinbase Assets (@CoinbaseAssets) February 13, 2023

Blur is an NFT marketplace for professional traders launched in October 2022. Acquire traders with zero commissions and a fast aggregation model. It is becoming comparable to the market share of the industry’s largest provider, OpenSea. According to data site DUNE, Blur’s trading volume was 9,030 ETH (1.8 billion yen) as of February 14, surpassing OpenSea’s 7,077 ETH.

Blur’s original token BLUR will be airdropped (distributed free of charge) to eligible participants at 2:00 on February 15th. At the time of writing, overseas exchanges such as OKX, Bybit, Gate, MEXC and Kucoin have also announced plans to list.

connection:Can OpenSea’s stronghold be destroyed?What is the strategy of the NFT market “Blur” for professional traders?

Blur token unlock

With Blur, the more NFTs you list, the more BLUR tokens you get. In addition, listing on other NFT electronic marketplaces via Blur is one of the motivations for increasing user usage, such as obtaining scores that lead to rewards.

Blur was scheduled to unlock the token in January, but it was delayed by a month due to the development of new features. There is a history that was scheduled to be executed on February 14th.

Blur’s token unlock amount fluctuates depending on a total of three types of rarity (Uncommon, Rare, Legendary). These tokens were pre-airdropped to users based on how long they used Bluer.

connection:Coinbase Chief Legal Officer Warns SEC Over Staking Controversy

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