Pro Trader-Focused NFT Marketplace Blur Secures $11 Million in Seed Round Led by Paradigm – Bitcoin News

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The NFT marketplace Blur says the startup is focused on building an institutional-grade NFT market that’s made “for pro traders.”

The NFT marketplace Blurthe firm has raised $11 million in a seed funding round led by Paradigm. According to Blur, the round also saw participation from Egirl Capital, Keyboard Monkey, Ledgerstatus, 0xmaki, Santiago Santos, Zeneca, Deeze, and Andy .

Blur explains that the marketplace will be crafted for pro traders and the startup believes that most offerings today are focused on retail traders. “Current NFT marketplaces prioritize the retail experience, but they neglect the growing needs of pro traders,” Blur’s announcement on Monday details. “Infrastructure has failed to keep up as monthly trading volumes hit billions, and Web2 business models hold the space back with poorly aligned incentives.

Our mission is to solve these problems and move the NFT space toward becoming institutional-grade while increasing decentralization. At the moment, Blur is building the market in stealth mode the company disclosed and the team will share information on how to get early access in the future. The project has a

Source: News Formal (newsformal.com)

 

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