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Blur Announces Delay in New Product Release and Extension of Incentives

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On March 28th, according to the NFT market, Blur announced on Twitter that the new product originally planned to be released on April 1st will require more time to build, so it wil

Blur Announces Delay in New Product Release and Extension of Incentives

On March 28th, according to the NFT market, Blur announced on Twitter that the new product originally planned to be released on April 1st will require more time to build, so it will be delayed (the specific release time has not been disclosed). In addition, Blur also announced that the bidding pool and listing double point incentive for Season 2 will be extended until May 1st. According to the latest data from DeFiLlama, the current lockup volume of the Blur bidding pool has reached $143.85 million, approaching the peak of $147 million set in early March.

Blur: Season 2’s double point incentive for the bidding pool and listing will be extended until May 1

As of March 28th, NFT marketplace Blur announced on Twitter that the release of their newest product, originally scheduled for April 1st, will be delayed due to the need for more development time. The exact release date has yet to be disclosed. Along with the announcement of the delay, Blur also stated that the bidding pool and listing double point incentive for Season 2 will be extended until May 1st. Currently, the lockup volume of the Blur bidding pool has reached $143.85 million, nearing the record of $147 million set in early March.

What is Blur?

Blur is a blockchain-based NFT marketplace that allows creators to mint, auction, and sell their unique digital assets. Blur specifically focuses on gaming-related NFTs, such as in-game items, skins, and avatar templates. The platform is built on the Binance Smart Chain (BSC) and boasts low transaction fees and fast confirmation times.

The Delay in the Release of the New Product

Although an exact release date has not been announced, Blur has stated that they need more development time to ensure the quality of their newest product. While the delay may be disappointing for those eagerly anticipating the release, it is a positive sign that Blur is putting quality and user experience first.

The Extension of Incentives

Blur’s additional announcement about the extension of their bidding pool and double point incentive program for Season 2 is welcome news for sellers and buyers alike. This incentive program rewards users for their activity on the platform, such as bidding on items and listings. By extending the program until May 1st, Blur is encouraging continued engagement with their platform.

The Current Lockup Volume

DeFiLlama, a cryptocurrency metric site, reports that the lockup volume of Blur’s bidding pool has reached $143.85 million as of late March. This is impressive given that the peak was just $147 million earlier in the month. The continued growth of the Blur platform proves that there is a high demand for NFTs, particularly in the gaming community.

Conclusion

While the delay in Blur’s new product release may be disappointing for some, it is a necessary step for ensuring the quality of the final product. The extension of the bidding pool and double point incentive program until May 1st is good news for those engaging with the platform. And the current lockup volume of the Blur bidding pool is a testament to the high demand for gaming-related NFTs.

FAQs

Q: What makes Blur different from other NFT marketplaces?
A: Blur specifically focuses on gaming-related NFTs and is built on the Binance Smart Chain for low fees and fast confirmation times.
Q: Why was the release of Blur’s new product delayed?
A: Blur stated that they needed more development time to ensure the quality of the final product.
Q: How can users participate in Blur’s incentive program?
A: Users can participate in the program by bidding on items and creating listings. The incentive is double points that can be redeemed for future rewards.
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