NFT market manipulation? CryptoSlam claims suspicious activity on Blur
18 Mar 2023 9:00 PM
Blur recently announced an additional 300 million tokens to be rewarded to users as part of an ongoing loyalty program, a practice that some question....
- Blur is a NFT marketplace that has surpassed OpenSea in overall sales value, but its success is being questioned due to potential market manipulation.
- Blur's rewards program awards points to traders for listing and bidding on NFTs, which can be exchanged for BLUR tokens.
- Critics claim that a small percentage of wallets on Blur are responsible for the majority of transactions, and that the surge in sales is artificially propping up the NFT market.
- The future of Blur is uncertain, as it will need to gradually cede control to token holders of a newly established DAO.
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The article presents a mixed sentiment, with some positive aspects of Blur's success and rewards program, but also highlighting concerns about potential market manipulation and uncertainty about the future of the platform.
What is Blur and how does it differ from other NFT marketplaces?
How has Blur's rewards program contributed to its success?
Why are critics questioning the significance of Blur's sales data?
What is the Blur DAO and what role will it play in the platform's future?
Why were U.S. users excluded from the BLUR token airdrop?