We are thrilled to unveil our latest integration with the Blur marketplace, further expanding our web3 ecosystem! You can now access sales and event data from Blur across all our supported collections, offering a more comprehensive insight into the NFT market.
Why is This a Game-Changer?
This integration significantly enhances our platform in two ways:
- Comprehensive Market Overview: By incorporating Blur marketplace data, we provide you with a broader perspective of the NFT market.
- Improved Valuation Accuracy: Our Machine Learning-based NFTi valuation model uses available data to evaluate collections. Our ML models can produce more precise valuations by including data from emerging marketplaces like Blur, which often offer lower fees. This is crucial, as the floor of a collection on Blur tends to be lower than other marketplaces, partly due to lower fees and the $BLUR token rewards incentivizing traders to use them.
Where Can I Find This Update?
We've meticulously designed this update to avoid disrupting your user experience. You'll continue seeing activity from OpenSea, Looksrare, X2Y2, Blur, and future integrated marketplaces in our existing stats and charts. To help you differentiate between marketplaces, we've added icons and links to the respective platforms in the Activity tables.
Addressing Wash Trades
As we integrate with Blur, we recognize the challenges posed by wash trades that are taking place by traders farming the $BLUR token rewards. To prevent these "fake" sales from affecting our stats and valuations, we've implemented a solution to flag and exclude them. While these sales remain visible, our interface clearly identifies them as wash trades. Stay tuned for a detailed blog post on our wash trade flagging algorithm.
What's on the Horizon?
We're continuously improving our platform, and our current focus includes:
- Listings: We're in the process of adding NFT listings from Blur to our platform.
- Additional Marketplaces: Expect announcements soon regarding new marketplace integrations, further enhancing data accuracy and quality.
As with any new release, we anticipate some issues and welcome your valuable feedback. We'll actively monitor our Twitter and Discord channels to promptly address concerns. If you haven't already, follow us on Twitter and join our Discord community! We're eager to hear your thoughts on this release and NFT valuations. 💜