Blur captures the NFT market with these tricks

AMBCrypto
AMBCrypto

30 Jun 2023 11:30 AM

Blur begins to see massive improvements in various metrics with its incentives and airdrops....

  • Blur has emerged as a dominant player in the NFT marketplace sector, surpassing competitors like LooksRare and the_x2y2.
  • Blur's success can be attributed to its popularized campaign airdrops and incentive token model, which rewards users based on their trading volume.
  • The ongoing airdrop program aims to attract new users and drive user participation, but its long-term sustainability and impact on user retention and engagement need to be evaluated.
  • At present, Blur captures 77.5% of the NFT marketplace volume, with OpenSea coming in second with 14.3%.
  • Yuga Labs, particularly its NFT collection including Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), continues to dominate the NFT space.
  • Despite Yuga Labs' dominance, its native token APE has experienced a decline of -27.23% in the last month.

The article highlights the success and dominance of Blur in the NFT marketplace sector, particularly due to its airdrops and incentive token model. However, it also raises questions about the long-term sustainability of these initiatives and discusses the continued dominance of Yuga Labs in the NFT space. The sentiment overall is positive, but there are concerns about the future.

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You May Ask

How has Blur become a prominent player in the NFT marketplace sector?What is the incentive token model of Blur and how does it work?How has Blur's airdrop program contributed to its rapid ascent and affected user engagement?What is the current market share of Blur and OpenSea in the NFT marketplace?Despite Yuga Labs' dominance, why has its native token APE experienced a decline in value?

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