Non-fungible token (NFT) marketplaceBlurannounced that it is delaying the launch of its native BLUR token to Feb. 14 after pledging a January launch date.
âWe know this is past our initial estimate of January and weâre sorry for the delay,â the platformtweeted on Thursday. âWeâre trying new things and the extra two weeks will allow us to deliver a launch that hasnât been done before.â
The platform, which has positioned itself as theNFT marketplace for âpro tradersâsince its launch in October, gained traction among seasoned JPEG slingers for its zero trading fees, marketplace âfloor sweeping,â reveal sniping and advanced analytics. It is also backed by a number of industry heavy-hitters, including venture-capital giant Paradigm, NFT-native investment fund6529, digital art collectorCozomo Mediciand others.
Notably, the marketplace has steadily been airdropping its BLUR tokens to users over the past few months, rewarding them for different levels of engagement on the platform. Itfirst began airdropping âcare packagesâof BLUR tokens in October to anyone who traded an Ethereum-based NFT in the last six months. Care packages have been categorized into different tiers, including uncommon, rare, legendary and mythical.
âOur goal is to make Blur a marketplace that the entire NFT community owns and profits from,â the platform wrote in October. âCare Packages can be opened for $BLUR when we launch our token and protocol governance in January.â
In November, the platformlaunched another care package airdropfor all traders who listed NFTs on Blur through the month, this time rewarding active Blur traders with âthe most tokens and control of the protocol.â
Airdrop 3, the final airdrop,launched in Decemberand rewarded users who actively placed bids on collections listed on Blur. In its announcement, the marketplace said that the majority of BLUR tokens would be distributed to the community.
Thursdayâs announcement garnered mixed responses from users who were eager for more information about the long-term plan for the tokens.
Some said the delay would allow the platform to continue offering incentivized trading opportunities and increase activity on the site.
Blur did not immediately respond to CoinDesk for comment on the delayed token launch.
Blur has also made headlines for its stance on creator royalties,an ongoing debate among NFT communitiesas several competitors have cut royalties to entice traders looking for the best deals. While royalties are optional on BLUR, the platform has created a rewards program that incentivizes users to pay royalties in exchange for more BLUR tokens.
https://www.coindesk.com/web3/2023/01/19/nft-marketplace-blur-postpones-native-token-launch/