NFTs, or non-fungible tokens, are a type of crypto technology that works via blockchains. In a nutshell, an NFT is a token that is not able to be spent like currency, instead, it acts as a certificate of ownership of a digital file.
NFTs are bought and sold similarly to collectibles, but instead of owning something tangible, NFT ownership is displayed via blockchain to show that a person is the owner of a particular file. In most cases, this will be a piece of artwork, and the owner doesn’t own the actual art, but they do have ownership over the original digital file of the art.
Enter Blur Crypto
Blur Crypto is a marketplace for NFTs with no fees and fast swapping of NFTs. You can check the price of BLUR, the platform’s token, by following a BLUR price feed API hosted on an exchange or crypto news site. A BLUR price feed API can connect with exchanges to display updated price information for the BLUR token, allowing investors with a stake in BLUR to decide when to buy, sell or hold.
Advantages of BLUR Crypto
As mentioned above, Blur Crypto allows for fast swapping of NFTs, making it a great choice for serious NFT traders and investors. The ability to quickly swap, buy, sell and trade, NFTs is a requirement for investors who deal with daily transactions.
Blur Crypto also has its own unique “tokenomics”, a system by which BLUR is distributed. Under this system, 51% of BLUR is allocated to the community, 29% goes to contributors, 19% is left for investors and 1% goes to advisors. Many feel that this is an equitable distribution scheme that provides a fair outcome for all in the Blur Crypto community.
The Blur Crypto marketplace also features a “trending” tab that displays popular NFTs. This helps buyers and investors learn about opportunities and helps sellers gain a better understanding of the value of their collections.
Disclaimer: The above is not investment advice. Always consult a financial advisor before investing in cryptocurrencies or other investments.
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