Blur introduced that it’s releasing Blur Beta, a real-time buying and selling platform for non-fungible tokens (NFTs).
In a sequence of tweets, Blur shared particulars in regards to the platform. “Month-to-month buying and selling volumes for NFTs have hit billions, however present platforms are sluggish and refresh-based,” it mentioned in a tweet.
At the moment, the beta waitlist is invite-only, and everybody who joins the platform shall be rewarded, Blur mentioned in a tweet.
“Blur Beta entry = 5 invitations for buddies,” it tweeted.
With the discharge of Blur Beta, the corporate claims to be constructing one of the best NFT market for skilled merchants.
It additionally added that the corporate had assembled a group with professionals from MIT, 5 Rings, Sq. and Brex to construct the platform.
“The beta enables you to see listings and gross sales on present marketplaces in real-time. By no means refresh once more,” one tweet from Blur mentioned.
One in all Blur Beta’s options unlocks a brand new view of a person’s portfolio, permitting them to see their NFTs, energetic listings, and a P&L assertion.
“When alternative strikes, you may act quick by bulk itemizing and delisting straight on Blur,” the corporate tweeted.
In March, Blur raised $11 million in a seed funding spherical led by crypto VC agency Paradigm.
In accordance with Blockchain.Information, Blur’s NFT market focuses on skilled merchants. The funding spherical was led by enterprise capital agency Paradigm. A few of the different contributors included corporations corresponding to eGirls Capital, 0xMaki and LedgerStatus.
The startup agency mentioned, “present NFT marketplaces prioritise the retail expertise, however they neglect the rising wants of professional merchants,” in a weblog put up after finishing the funding spherical.
“Infrastructure has did not sustain as month-to-month buying and selling volumes hit billions, and web2 enterprise fashions maintain the house again with poorly aligned incentives. Our mission is to resolve these issues and transfer the NFT house towards turning into institutional-grade whereas rising decentralisation,” the corporate added.
Many different NFT tasks and startups have additionally raised funding in latest months.
In accordance with one other report by Blockchain.Information, Bored Ape Yacht Membership (BAYC) creator Yuga Labs mentioned that it raised $450 million in funding in a spherical led by Andreessen Horowitz (a16z).
Picture supply: Shutterstock
