Blur’s Release of New Product Delayed: Bidding and Listing Incentives Extended

03/29/2023 00:29 • Crypto & Markets • 67 views

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

Blur was eagerly anticipating the release of their new product on April 1st but had to inform their customers on March 28th of the unfortunate delay due to needing extra time to build. Despite the setback, Blur announced that the bidding pool and listing double point incentive for Season 2 will be extended until May 1st. DeFiLlama’s latest data shows that the current lockup volume for the Blur bidding pool has reached $143.85 million and is approaching the peak set in early March.

The Delay in Blur’s New Product Release

Blur, a major player in the NFT market, has been working on a new product that excited its customers. However, the team recently shared on Twitter that the release of the product will be delayed, without giving a specific date. The delay was attributed to the need for extra time in building the product to ensure its quality, which fits with their commitment to delivering high-quality products to their customers.

Blur’s Incentives for Season 2 Extended

Despite the delay, Blur has announced that the bidding pool and listing double point incentive for Season 2 will be extended until May 1st. This means that users will have extra time to earn double points, which can be redeemed for various rewards or used to bid for NFTs. This incentive has been a massive success, as evidenced by the significant increase in the lockup volume of the Blur bidding pool.

The Lockup Volume for Blur’s Bidding Pool

According to DeFiLlama’s latest data, the current lockup volume of the Blur bidding pool has reached $143.85 million, which is nearly the same as the peak set in early March. This is a considerable achievement for Blur, and it is a testament to their popularity and the community’s trust in the platform. The bidding pool is a feature on Blur that allows users to bid on NFTs using their Blur tokens. The tokens are locked up in the pool until the auction ends, and the highest bidder wins the NFT.

Conclusion

Blur’s delay in releasing their new product may have dampened the spirits of some of their customers, but it demonstrates the team’s commitment to delivering high-quality products. The extension of the bidding pool and listing double point incentive for Season 2, on the other hand, shows that Blur is dedicated to providing their users with the best experience possible. The increase in the lockup volume for the bidding pool is a testament to the community’s trust in Blur, and we anticipate continued growth for the platform.

FAQs

1. Why was Blur’s new product delayed?

Blur’s new product was delayed because the team needed extra time to ensure its quality and commitment to delivering high-quality products.

2. What is the bidding pool and listing double point incentive for Season 2?

The bidding pool and listing double point incentive for Season 2 allows users to earn double points, which can be redeemed for various rewards or used to bid for NFTs.

3. What is the current lockup volume for Blur’s bidding pool?

The current lockup volume for Blur’s bidding pool has reached $143.85 million, approaching the peak set in early March, which demonstrates the community’s trust in the platform.

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