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Developing NFT Aggregator Like Blur
By Laxmikant Khanvilkar
Blur’s entry into NFT marketplace had a whirlwind effect that forced established players such as OpenSea to slash its fees to zero in order to remain in the business.
Blur, the four-month-old NFT marketplace has seized a staggering 82% marketshare of the trading volume on Ethereum over the last week, according to a Dune Analytics dashboard created by hildobby, the pseudonymous researcher. Blur cranked into overdrive after the project airdropped 12% of its BLUR tokens to NFT traders. The event has shaken the Web3 entrepreneurial community that has now desired to perform NFT aggregator development like Blur.
So what is so special about Blur, let’s understand…..
Blur is an NFT aggregator platform was launched in October 2022. It proclaimed itself as an NFT Marketplace for Pro Traders. Launching soon after the business model became popular with high-profile acquisitions (Gem by OpenSea and Genie by Uniswap) made it a unique player in the niche domain.
The platform has been lauded for its decentralized nature, ensuring utmost transparency for users. With Blur running on the Ethereum network, it has a brighter exposure to the NFT world, with it featuring almost all Ethereum-based blue-chip NFT collections.
Blur benefited from the unique features that strengthen its position in the Web3 market. The key features included speed to process transactions and update listings, allowing professional NFT traders to perform sweeps, listing options, portfolio management, royalties, and above all availability of its native token.
One can replicate the business model through a rather relatively simple process, one which is based on planning well in advance, of course, not to forget, choosing the blockchain(s) for operation, determining the features, framing the project’s goals, and documenting them for future reference.
Next on the list is creating the user interface, developing the search engine, most importantly, focusing on the back-end development, connecting NFT marketplace data, formation of the portal for analytics, carrying out or rather performing a series of tests encompassing automated and manual cases to ensure all possible deficiencies are resolved, and finally, launching and maintain it.
The business is ideal for a Web3 entrepreneur on the lookout for an exciting business model.
It is believed that the NFT aggregation model has a bright future. Notably, an NFT aggregator/NFT marketplace for Pro traders like Blur will establish itself as a leader in the NFT business space soon.
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