With Bored Ape Yacht Club prices hitting a two-year low and other prominent projects seeing sizable price drops of late, many investors and influencers in the NFT world are starting to point fingers at who’s to blame—and many of those fingers are pointing at Blur.

Amid falling NFT prices, traders are more vocally pushing back against the incentivized trading model of the upstart marketplace, which overtook OpenSea as the leading Ethereum NFT trading platform by volume in February. Blur has reinforced the notion that NFTs—which can represent assets like artwork and in-game items—aren’t unique, but rather are merely “altcoins with pictures” as crypto influencer Cobie controversially tweeted last year.

Launched last October as an upstart marketplace, Blur branded itself as the platform for pro NFT traders and teased a token airdrop that would make it worthwhile to use the platform over OpenSea and other

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Author: Andrew Hayward

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