Will NFTs get a much needed boost in 2023 in light of this…

  • Since its launch, Blur has become a major marketplace for NFT traders
  • Blur has made an impressive trajectory but still seems to lag behind the large NFT market

Blur is an upcoming Ethereum [ETH]-NFT Markets (Non-Fungible Token) and Market Recently These actions caused quite a stir in the industry. The new data showed that OpenSea and its contemporaries i NFT The industry is having a different impact than it did before because of this emerging market.

What market share has this new platform managed to capture?

What is blur?

Blur Marketplace is a very fast NFT aggregator on the Ethereum network owned by the community NFT A market for institutional traders. In addition to advocating creative royalties, the NFT market also introduced royalties imposed. Blur NFT can block zero equity markets like any other Blur NFT.

The ecosystem is designed so that newcomers can progress quickly as they become familiar with its various features and capabilities. Potential investors have been drawn to this new market due to its attractive business concept, which makes it a viable option.

split blur?

A look at an analysis of Sealaunch’s sand dunes dashboard revealed that Blur achieved impressive volume in December. Since the beginning of the month, it has doubled in size open sea. The volume seen at the time of writing was around 3,700 ETH instead of 1,500 for OpenSea.

Source: Dune Analytics

However, a metric examination of the number of NFT sales showed that the new market still lags behind OpenSea. However, it posted the second highest sales figure for the standard, and outperformed that of other markets. Over 13,000 NFTs have been sold on the main market, while only 8,000 have been sold on Blur.

Misty bill of sale

Source: Dune Analytics

The volume distribution chart has shown that Blur has established itself as a strong competitor in the industry. It occupied more than 26% of the total volume, second only to OpenSea, which accounted for 49% of it. However, when the user distribution and sales distribution charts were examined, the difference appeared larger. Compared to OpenSea’s 72.6% and 61.2%, they had 9.6% and 14.9% respectively.

blur distribution

Source: Dune Analytics

Blur’s Ascent creates options for traders…

Since its launch in October, Blur has produced excellent stats, and Ascent has not been ignored in the NFT industry. Although it has experienced incredible growth, it still lags behind OpenSea in terms of market share and user base. Also, this was to be expected, given how long both markets have been around, Blur could close the gap further if it maintains its current trend.

Due to the variety of markets available for making NFT trades, investors can win in this case.

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