The latest version introduces significant gas optimizations, reducing transaction costs by 50% for transactions. This means users can now purchase NFTs on Blur v2 while taking advantage of significant gas cost savings, equating to approximately $16 per NFT purchase at current gas prices.
In addition to throttle optimizations, Blur v2 unveils the long-awaited feature bid function. Previously, users could only place collection bids, but now they have the flexibility to bid on specific properties such as mids, rares or any attribute of their choice. While bidding on properties is supported for all collections, it is important to note that only selected collections earn points for bidding properties.
Earning trait bid points adds an extra layer of excitement to the bidding process. Popular collections such as Punks, Degods, Milady, and nine others offer the opportunity to earn more points based on the margin by which a property bid exceeds the highest collection bid. This encourages users to bid strategically and improves the competitive nature of the market.
With Blur v2, the platform continues to prioritize user experience and infrastructure development for NFT enthusiasts. During Season 1, Blur successfully introduced several marketplace protocols, bid pools, and essential tools for monitoring and trading NFTs. Season 2 has already received several notable improvements, including lending and BNPL (Buy Now, Pay Later) options powered by Blend, full mobile support, notifications, and now the gas-optimized v2 marketplace.
While three major developments are still underway for Season 2, Blur is encouraging users to maximize their rewards by placing their NFTs exclusively on Blur and maintaining maximum loyalty. Listing points, even for collections without Blend integration, are of great value and emphasize the importance of loyalty in maximizing rewards during this season.
With Blur v2’s groundbreaking updates, users can expect an enhanced trading experience, gas cost savings, and the ability to participate in exciting property bidding. The platform continues to demonstrate its commitment to advancing the NFT ecosystem, making Blur a go-to marketplace for NFT enthusiasts seeking innovation and growth.
DISCLAIMER: The information on this website is intended as general market commentary and does not constitute investment advice. We recommend that you do your research before investing.
