Blur (BLUR) Coin Complete Guide - New Innovation in the NFT Market
Hello! Are you curious about Blur (BLUR) Coin? Blur Coin, which has recently been attracting a lot of attention in the NFT market, is suggesting a new paradigm for digital asset trading beyond simple cryptocurrency. Today, I will explain everything about Blur Coin in detail so that you can easily understand it. If you are considering investing or are simply curious, this article will be of great help. Let's go into the world of Blur Coin together.
What is Blur Coin?
Blur (BLUR) Coin is an innovative cryptocurrency designed for next-generation digital asset trading. Like existing cryptocurrencies such as Bitcoin or Ethereum, it is based on blockchain technology, but its biggest feature is that it is specialized in the NFT (Non-Fungible Token) ecosystem.
Blur goes beyond a simple means of transaction and serves as the core infrastructure of the NFT marketplace. Users can safely and efficiently trade various forms of NFTs such as digital artwork, game items, music, and videos through the Blur platform. In particular, it helps more people participate in the NFT market by solving the high fees and complex user interface problems of existing NFT platforms.
The Interesting History of Blur Coin
Blur Coin's journey began in 2022, when the NFT market was growing explosively. At the time, many artists and creators wanted to sell their digital works as NFTs, but the high entry barriers and complex transaction processes of existing platforms were major obstacles.
Blur's development team began developing a user-centered platform to solve these problems. In particular, it aimed to provide an intuitive interface so that even ordinary users can easily create and trade NFTs. It has established itself as a significant player in the NFT market, acquiring hundreds of thousands of users in just a few months since its launch.
Interesting fact: Blur processed over 1 million NFT transactions in its first year alone, which was an incredible 15% of the total NFT market volume at the time.
How Blur Coin Works
Blur Coin works based on the latest blockchain technology and smart contracts. When a user creates or purchases an NFT on the Blur platform, all transactions are processed through automated smart contracts. Blur Coin is used as the base currency during this process, ensuring complete transparency and security of the transaction.
One of Blur’s unique features is that it utilizes a ‘layer 2 solution.’ This has enabled much faster transaction speeds and lower fees than the existing Ethereum network. It has solved the high gas fee problem that generally occurs when trading NFTs on Ethereum, allowing even small transactions to be made without burden.
In addition, the Blur platform provides a function that automatically recommends NFTs that match the user's taste by introducing an AI-based recommendation system. This is an innovative approach that solves the existing problem of having difficulty finding the desired work among numerous NFTs.
Various Applications of Blur Coin
The scope of Blur Coin's application is expanding beyond NFT transactions. In the most basic use, NFT transactions, various types of digital assets can be traded, including digital art, music, game items, and even virtual real estate.
Recently, integration with metaverse platforms has also become active. In many metaverse games, Blur Coins can be used to purchase avatar decoration items or virtual land. Also, some online education platforms are introducing a system where certificates are issued in the form of NFTs and can be traded for Blur Coins.
A particularly noteworthy feature is the hybrid NFT service linked to actual artwork. When you purchase a physical painting or sculpture, you are also provided with a digital version of the artwork, an NFT, which is considered an innovative attempt to blur the boundaries between traditional art and digital art.
Major exchanges where Blur Coins can be traded
Blur Coins are currently actively traded on major cryptocurrency exchanges around the world. Internationally, they can be traded on Binance, Coinbase, and Kraken, while domestically, they can be found on major exchanges such as Upbit, Bithumb, and Coinone.
Since each exchange offers different services and fee structures, we recommend comparing them before trading. For example, Binance boasts the world's largest trading volume, providing ample liquidity, while Upbit supports Korean language services and direct KRW trading, making it convenient for domestic users.
Exchange Selection Tips: Please choose the exchange that suits you by comprehensively considering trading volume, security, fees, user interface, customer support, etc.
The Power of an Active Blur Community
One of Blur Coin's greatest assets is its active and engaged community. Hundreds of thousands of users around the world share information, propose new ideas, and introduce each other's NFT works on various platforms.
On social media platforms such as Discord, Telegram, and Reddit, hundreds of posts are posted every day, sharing market trends, technology updates, and investment insights in real time. In particular, the development team is directly participating in the Blur official Discord server to collect feedback from users and share roadmaps.
In Korea, there are active Korean communities formed through Naver Cafe, KakaoTalk open chat, and Facebook groups. These communities are engaged in various activities such as investment information, NFT production tips, marketing strategies, and even collaboration projects.
How to safely store Blur coins
In order to safely store Blur coins, it is very important to choose a reliable wallet. Cryptocurrency wallets can be broadly divided into hot wallets (online wallets) and cold wallets (offline wallets).
MetaMask, a representative hot wallet, is easy to use and is preferred by many users because it is easy to connect to the Blur platform. However, it has the disadvantage of being connected to the Internet, so there is always a risk of hacking. On the other hand, hardware wallets such as Ledger or Trezor are stored offline and provide the highest level of security, but can be somewhat complicated to use.
The recommended method is to store small amounts in a hot wallet for everyday transactions and safely store most assets for long-term holding in a hardware wallet. Also, never share the seed phrase (recovery keyword) of the wallet with others and store it offline in a safe place.
Things to know when investing in Blur Coin
If you are considering investing in Blur Coin, there are a few important things you must know. First, it is important to recognize the high volatility of the cryptocurrency market. The price of Blur Coin can change rapidly depending on the overall atmosphere of the NFT market, changes in the regulatory environment, and technical updates.
Before investing, be sure to read the Blur project's white paper and check the background and career of the development team. It is also important to determine whether future plans are specific and feasible through the roadmap. It can be very dangerous to make investment decisions based solely on information from SNS or communities.
The most important thing is to diversify your investments considering your financial situation. Please invest in cryptocurrency only with money that you can afford to lose, and limit it to less than a certain percentage of your overall portfolio. Also, be careful not to make excessive investments due to FOMO (Fear Of Missing Out).
Investment Principles: Sufficient research → Diversified investments → Long-term perspective → Set a loss limit → Regular portfolio review
Today, we looked at comprehensive information about Blur Coin. I'm really looking forward to the future of Blur Coin, which is growing along with the NFT market! Based on innovative technology and an active community, it will be fun to see what new possibilities they will present in the future. Whether it's investment or simple interest, I hope you always make careful and wise decisions, and if you have any further questions or want to know more, please leave a comment at any time! Let's create a community that learns and grows together! 💙