Blast

Cryptocurrency

Blur

<p class="is-style-lead">Crypto exchange Binance said it will open trading with the token on Nov. 24 at 09:00 (UTC).</p> 
<p>Cryptocurrency exchange <a href="https://crypto.news/tag/binance" target="_blank" rel="noreferrer noopener">Binance</a> will add support for BLUR, an ERC-20 native token of the NFT marketplace Blur, after the marketplace’s founder Tieshun Roquerre announced the launch of Blast, a layer-2 network aimed at non-fungible tokens.</p> 
<p>In a <a href="https://www.binance.com/en/support/announcement/binance-will-list-blur-blur-with-seed-tag-applied-85306854c60347a6a4131493ec8d26a6" target="_blank" rel="noreferrer noopener">blog announcement</a> on Nov. 24, the exchange said it will open trading with BLUR/BTC, BLUR/USDT and BLUR/TRY at Nov. 24, 09:00 (UTC). Traders can already deposit BLUR, with withdrawal to be opened at Nov. 25, 06:00 (UTC). Beyond putting BLUR on its trading list, Binance will also list BLUR as a new borrowable asset with this new margin pair on Isolated Margin.</p> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="923" height="522" src="https://crypto.news/app/uploads/2023/11/hudsgpfiughd.png" alt="BLUR skyrockets 30% following Binance listing announcement - 21" class="wp-image-14219762">
 <figcaption class="wp-element-caption">
  BLUR price | Source: CoinGecko
 </figcaption>
</figure> 
<p> You might also like: <a href="https://crypto.news/nft-giants-are-protesting-blur-and-opensea-over-royalty-rates/"> NFT giants are protesting Blur and OpenSea over royalty rates </a> </p> 
<p>Following the news, BLUR price jumped nearly 30%, surging up to $0.62. The token’s market capitalization increased to $690.7 million, according to data from CoinGecko.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Additionally, I have raised another $40m to contribute to the Blur ecosystem. The funds will be used to build L2 apps for NFTs and continue advancing NFTs on ETH L1 as well.</p>— Pacman | Blur + Blast (@PacmanBlur) <a href="https://twitter.com/PacmanBlur/status/1726756311189316093?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 21, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The listing comes shortly after Blur founder Tieshun Roquerre <a href="https://twitter.com/PacmanBlur/status/1726756311189316093" target="_blank" rel="noreferrer noopener">announced</a> he had raised $40 million to contribute to the Blur ecosystem. Binance said in the announcement that the listing costed 0 BNB in fees. However, it’s unclear if the proceeds from the $40 million funding were used for the listing.</p> 
<p>Moreover, the Blur team also launched its own layer-2 network called Blast in a bid to reduce transaction costs for digital collectibles and earn yield with Ethereum staking. </p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">So while I personally think it's risky to send Blast funds in its current state, ultimately it's your decision and I'm just here to share what I learned.<br><br>I still wish the best for the Blast team and everyone who has sent money across already.<br><br>(23/24)</p>— Jarrod Watts (@jarrodWattsDev) <a href="https://twitter.com/jarrodWattsDev/status/1727584527814402415?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 23, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Yet, the crypto community already noticed several issues related to Blast. According to Polygon engineer Jarrod Watts, five signer wallets of Blast’s multi-signature contract are all <a href="https://x.com/jarrodWattsDev/status/1727584527814402415?s=20" target="_blank" rel="noreferrer noopener">new unknown entities</a>, which makes it risky for users “to send Blast funds in its current state.”</p> 
<p> Read more: <a href="https://crypto.news/blur-token-skyrockets-as-nft-sales-surpass-the-10m-mark/"> Blur token skyrockets as NFT sales surpass the $10m mark </a> </p>

BLUR skyrockets 30% following Binance listing announcement

crypto.news

Other articles published on Nov 24, 2023

Chainlink Price Prediction as LINK Surges 16.6% in Two Weeks – Can LINK Reach $100?

Kompetisi Kripto Semakin Ketat: Euler Network versus Solana dan Polygon

Connecting With Your Audience: Using Instagram to Build a Crypto Community

Multiple Events Are Influencing Crypto Market Volatility: Analyst

GBTC Shares Sales Grew Since the Beginning of 2023: JPMorgan

Court in Montenegro approves extradition of Terra founder Do Kwon

Join our free newsletter for daily crypto updates!