A non-fungible token (NFT) marketplace is on the rise after being listed as the largest crypto exchange platform in the world.
In a new announcement, crypto exchange Binance say it mentions BLUR, the governance token of Altcoin Blur, a decentralized NFT marketplace that provides real-time price flows and comparisons.
According to Binance, BLUR will initially be available in the trading pairs BLUR/BTC, BLUR/USDT and BLUR/TRY.
The announcement sent BLUR’s price skyrocketing, as the digital asset went from a seven-day low of $0.303 on November 20 to a price tag of $0.637 at the time of writing, an increase of 110%.
Binance says that BLUR will have a SEED tag applied to it, meaning it is considered an innovative project that may exhibit higher volatility and risk compared to other virtual currencies.
To access assets with SEED tags, Binance says users must accept the terms of service and take a quiz every 90 days that ensures they understand the risks of trading volatile crypto assets.
“BLUR is a relatively new token that carries higher than normal risk, and as such is likely to be subject to high price volatility. Please ensure you apply adequate risk management, have done your own research regarding the fundamentals of BLUR and fully understand the project before choosing to trade the token.”
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Featured image: Shutterstock/issaro prakalung