A crypto analyst doing NFT-focused research has described a recently popular NFT platform as “the worst thing that could happen to the altcoin market.”
Aaron Sage called this altcoin an ’empty project’ in his latest tweet
“Blur (BLUR) is the worst thing that can happen in this space,” Aaron Sage, who describes himself as “extremely passionate about NFTs, Crypto and Personal Development,” said in a recent tweet. Sage criticizes BLUR’s user interface for being too simplistic, saying the platform is like a list that lacks “things like art and project description.”
The analyst also said that unlike rival platform OpenSea, Blur does not support creators with grassroots initiatives.
Just look at this.
Do you really want to onboard people to a marketplace that looks like this?
Where is the art, project description or anything? pic.twitter.com/as9JfNWdGv
— Aaron (@AaronSage) March 1, 2023
At the end of the tweets, Sage said that he doesn’t hate BLUR or its users, he just misses the NFT space when it was centered around “art and culture” and not money:
If only the NFT field could change its lens to what it used to be with Blur, not the way it is today, but rather the arts and culture-related (i.e. monkey noises in the clubhouse or even lazy lion twitter raids).
Blur soon dethroned OpenSea
BLUR was launched in October 2022 with the support of Paradigm and ParaFi and managed to raise $11 million in startup funding seven months ago. By February, research platform Delphi Digital said BLUR had achieved 53% market share just months after its launch. This momentum can be attributed to several factors, including free transactions, the option to skip or reduce royalties, and the functionality to purchase multiple NFTs at once.
Also, Delphi Digital said that BLUR’s token airdrop plan is a key factor in its growing market share. On February 14, eligible users received a share of 360 million tokens, which according to Forbes equates to 12% of the supply at an average of $2,943 each. The firm recently announced an additional 300 million “Season 2” airdrop to be distributed.
Its current data shows that BLUR has increased its market share to 55%, nearly doubling that of OpenSea, the next closest marketplace.
OpenSea is no longer the first choice of altcoin investors
Regarding which platform is better, @GSKrovina said that the main difference between BLUR and OpenSea is that BLUR is aimed at traders, not individual users, as evidenced by the listing format and multiple simultaneous NFT purchase functionality.
OpenSea v Blur
This battle is really over NFT power traders/whales which have generated the majority of OS’s 2.5% fees. Probably less than 1000 total users.
Blur UX/UI is simply better than OS, especially for traders who move volume.
OS changed policies to stop the bleeding… https://t.co/KCD1AwOooi
— Garrett Skrovina (@GSkrovina) February 22, 2023
While Sage was critical of BLUR’s user interface, @GSKrovina said it’s more suitable for traders looking to “move volume”. cryptocoin.comWe mentioned that Blur has recently come to the fore with wash trading.
