Blast

Blur

PAC Project

Polygon

<a href="https://bitcoinworld.co.in/blur-soared-30-following-binance-listing-announcement/" title="BLUR Soared 30% Following Binance Listing Announcement" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Crypto exchange Binance said it will open trading with BLUR on Nov. 24 at 09:00 (UTC).</li>
 <li style="font-weight: 400">BLUR Soared 30% following this announcement.</li>
</ul>
Crypto exchange Binance has announced that it will add support for BLUR, an ERC-20 native token of the NFT marketplace Blur.
This comes after Blur’s founder Tieshun Roquerre announced the launch of Blast, a layer-2 network aimed at non-fungible tokens.
In a <a href="https://www.binance.com/en/support/announcement/binance-will-list-blur-blur-with-seed-tag-applied-85306854c60347a6a4131493ec8d26a6" rel="noopener noreferrer nofollow">blog</a> announcement on Nov. 24, Binance said it will open trading with BLUR/BTC, BLUR/USDT and BLUR/TRY on Nov. 24, 09:00 (UTC).&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/whale-moves-10m-in-sol-to-binance-raises-sell-off-concerns-in-the-crypto-market/" aria-label="“Whale Moves $10M In Sol To Binance, Raises Sell-Off Concerns In The Crypto Market” (Edit)" rel="noopener noreferrer nofollow">Whale Moves $10M In Sol To Binance, Raises Sell-Off Concerns In The Crypto Market</a>
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.
<figure id="attachment_56282" aria-describedby="caption-attachment-56282" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-56282" src="https://bitcoinworld.co.in/wp-content/uploads/BLUR-Price-Chart-1-440x300.png" alt="" width="512" height="349" srcset="https://bitcoinworld.co.in/wp-content/uploads/BLUR-Price-Chart-1-440x300.png 440w, https://bitcoinworld.co.in/wp-content/uploads/BLUR-Price-Chart-1-733x500.png 733w, https://bitcoinworld.co.in/wp-content/uploads/BLUR-Price-Chart-1.png 768w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption id="caption-attachment-56282" class="wp-caption-text">
 BLUR Price Chart | Source: <a href="https://coinstats.app/coins/blur/" rel="noopener noreferrer nofollow">Coinstats</a>
 </figcaption>
</figure>
&nbsp;
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 Coinstats.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 When I thought through the execution, I realized a new company with a new team dedicated to the task of building the generalized L2 was required. I started that company, and it goes live today <a href="https://twitter.com/Blast_L2?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BLAST_L2</a>.
 — Pacman | Blur + Blast (@PacmanBlur) <a href="https://twitter.com/PacmanBlur/status/1726756308169453935?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2023</a>
</blockquote>
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The listing comes shortly after Blur founder Tieshun Roquerre announced he had raised $40 million to contribute to the Blur ecosystem.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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.
 — Pacman | Blur + Blast (@PacmanBlur) <a href="https://twitter.com/PacmanBlur/status/1726756311189316093?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2023</a>
</blockquote>
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Binance said in the announcement that the listing cost 0 BNB in fees. However, it’s unclear if the proceeds from the $40 million funding were used for the listing.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/new-binance-ceo-richard-teng-our-exchanges-business-fundamentals-are-very-strong/" aria-label="“New Binance CEO Richard Teng: Our Exchange’s Business Fundamentals Are ‘Very Strong’” (Edit)" rel="noopener noreferrer nofollow">New Binance CEO Richard Teng: Our Exchange’s Business Fundamentals Are ‘Very Strong’</a>
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.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Realistically, is this going to happen?
 Personally, if I had to guess, I don't think the funds will be stolen.
 And FWIW, I actually think Blast's idea for native yield is a pretty interesting trade-off.
 (22/24)
 — Jarrod Watts (@jarrodWattsDev) <a href="https://twitter.com/jarrodWattsDev/status/1727584523330658651?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 23, 2023</a>
</blockquote>
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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 new unknown entities, which makes it risky for users “to send Blast funds in its current state.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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.
 I still wish the best for the Blast team and everyone who has sent money across already.
 (23/24)
 — Jarrod Watts (@jarrodWattsDev) <a href="https://twitter.com/jarrodWattsDev/status/1727584527814402415?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 23, 2023</a>
</blockquote>
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<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
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BLUR Soared 30% Following Binance Listing Announcement

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