In this episode of Hashing It Out, Pacman, the founder and core contributor of the nonfungible token (NFT) marketplace Blur, joins Elisha Owusu Akyaw to discuss how Blur has captured the attention of the NFT market. The NFT market has seen a surge in popularity and Blur has been at the forefront of this movement.
The tides in the NFT ecosystem changed in December 2022 when the newly launched NFT marketplace overtook OpenSea as the largest NFT trading platform by trading volume. Pacman describes this as a similar situation to the progression of the general token market. He explains that Blur created a marketplace that puts professional traders first, a niche not covered by popular platforms that prioritize a simple user experience to attract newcomers. According to Pacman, that focus makes Blur the go-to platform for the “highest growing segment” in the NFT space.
The Blur team decided to launch a token to give the community direct access and ownership of the platform. The token was distributed to the community through an airdrop. Pacman argues that the token was required to give the community direct access and ownership of the platform. He says, “This is one of the things that really excited us as builders in Web3 because in Web2, there is a clear delineation platform and the end-user, and usually, they are somewhat opposed. The end-users don’t really have any control over the platform.”
The issue of creator royalties has been a hot topic in the NFT space, leading to a divided approach by major NFT platforms to ensure creators receive royalties. The two major platforms, OpenSea and Blur, have adopted systems that place new collections in a position where they are required to pick one over the other. According to Pacman, Blur is asking creators to block OpenSea to earn royalties as a short-term solution that will lead to a more unified approach in the future.
The episode also discussed other topics such as Blur vs. OpenSea, NFT liquidity, NFT creator royalties, Blur token and tokenomics, and economic models of NFT marketplaces. Pacman believes that the current situation with creator royalties is a short-term solution that will lead to a more unified approach in the future. He believes that the NFT space is still in its infancy, and that the industry will continue to evolve and grow.
The NFT market is still relatively new and there is a lot of potential for growth. Pacman believes that the key to success in the NFT space is to focus on the user experience. He believes that Blur has been successful because it puts professional traders first and provides a platform that is tailored to their needs.
As the NFT market continues to grow and evolve, Blur is positioning itself as a leader in the space. With their focus on user experience and their innovative approach to creator royalties, Blur is poised to become the go-to platform for the highest-growth segment in the NFT space.
Listeners can tune into the latest episode of Hashing It Out on Spotify, Apple Podcasts, Google Podcasts, or TuneIn to get all the insights on crypto and artificial intelligence. They can also check out Cointelegraph’s catalog of shows on the new Cointelegraph podcasts page.
The NFT market is still relatively new and there is a lot of potential for growth. Pacman believes that the key to success in the NFT space is to focus on the user experience. He believes that Blur has been successful because it puts professional traders first and provides a platform that is tailored to their needs.
The Blur team has also taken steps to ensure that creators receive the royalties they deserve. They have implemented a system that requires creators to block OpenSea in order to receive royalties. This is a short-term solution that will lead to a more unified approach in the future.
In addition to focusing on user experience and creator royalties, Blur has also launched a token to give the community direct access and ownership of the platform. The token was distributed to the community through an airdrop. Pacman believes that the token was required to give the community direct access and ownership of the platform.
As the NFT market continues to grow and evolve, Blur is positioning itself as a leader in the space. With their focus on user experience and their innovative approach to creator royalties, Blur is poised to become the go-to platform for the highest-growth segment in the NFT space.
The NFT market is still in its infancy, and there is still a lot of potential for growth. The key to success in the NFT space is to focus on the user experience and to ensure that creators receive the royalties they deserve. Blur has taken the lead in this space, and has positioned itself to become the go-to platform for the highest-growth segment in the NFT space.
Listeners can tune into the latest episode of Hashing It Out on Spotify, Apple Podcasts, Google Podcasts, or TuneIn to get all the insights on crypto and artificial intelligence. They can also check out Cointelegraph’s catalog of shows on the new Cointelegraph podcasts page.
The NFT market is still relatively new and there is a lot of potential for growth. Blur is leading the way in the NFT space, with their focus on user experience and their innovative approach to creator royalties. With the potential for growth in the NFT space, Blur is poised to become the go-to platform for the highest-growth segment in the NFT space.
As the NFT market continues to grow and evolve, it is important to stay informed about the latest developments. Listeners can stay up to date by tuning into the latest episode of Hashing It Out on Spotify, Apple Podcasts, Google Podcasts, or TuneIn. They can also check out Cointelegraph’s catalog of shows on the new Cointelegraph podcasts page.
The NFT market is still in its infancy, and there is still a lot of potential for growth. Blur is leading the way in the NFT space, with their focus on user experience and their innovative approach to creator royalties. With the potential for growth in the NFT space, Blur is poised to become the go-to platform for the highest-growth segment in the NFT space.
By focusing on user experience, providing innovative solutions to creator royalties, and launching a token to give the community direct access and ownership of the platform, Blur is positioning itself to become the leader in the NFT space. Listeners can stay up to date with the latest developments in the NFT space by tuning into the latest episode of Hashing It Out on Spotify, Apple Podcasts, Google Podcasts, or TuneIn. They can also check out Cointelegraph’s catalog of shows on the new Cointelegraph podcasts page.
The NFT market is still in its infancy, and there is still a lot of potential for growth. By focusing on user experience, providing innovative solutions to creator royalties, and launching a token to give the community direct access and ownership of the platform, Blur is positioning itself to become the leader in the NFT space. With the potential for growth in the NFT space, Blur is poised to become the go-to platform for the highest-growth segment in the NFT space.
Listeners can stay up to date with the latest developments in the NFT space by tuning into the latest episode of Hashing It Out on Spotify, Apple Podcasts, Google Podcasts, or TuneIn. They can also check out Cointelegraph’s catalog of shows on the new Cointelegraph podcasts page. By staying informed, listeners can stay ahead of the curve and be ready to take advantage of the opportunities that the NFT space has to offer.
