Blur (BLUR) Dips 22% as Wash Trading Controversy Escalates
- The newly emerging NFT marketplace Blur.io surpassed OpenSea in sales.
- Blurâ€™s native token plunged by 22% since last week after a series of airdrops.
- Blur.io inorganic trading raises concerns as Nansen names Blur top gas guzzler.
Blur.io NFT marketplace stormed into the NFT game with zero fees and a native token that can be earned by trading NFTs. With this fresh approach to the NFT market, Blur surpassed the leading NFT marketplace OpenSea in trading volume, scoring $460 million more in NFT sales just a week after the native token launch.
Incentivized Liquidity Does the Trick
Despite the common misconception that Blur NFT marketplace dishes out rewards for trading activity, Blur uses the â€œincentivized liquidityâ€ structure, thus enabling the users to reap the rewards for holding assets. Twitter recently clarified…
Continue Reading on DailyCoin