Compiled By: Coinlive
Author: Mint Ventures Jessica Shen
1.Token Investment
The current market capitalization of the $BLUR token is approximately $300 million USD (as of March 1, 2023, circulating supply of around 13%), with a fully diluted valuation (FDV) of around $2.5 billion USD. According to our valuation of Blur, the current price of $BLUR is in the overvalued range, already reflecting the market's high expectations for the Blur project. Token investment still needs to consider the various risks and challenges that Blur faces, as well as macro factors.
2.NFT Investment
Since Blur's launch in October last year, the NFT market has seen an increase in trading volume and liquidity, increasing the willingness of traders to invest and trade, and creating more arbitrage and trading opportunities. Along with the announcement of the second season of the "chain airdrop" campaign, which was launched simultaneously with the first round of token airdrops on February 14th, it is evident from the data that traders are actively participating in the campaign, as evidenced by a significant increase in trading volume on February 15th. It is expected that during the ongoing second round of airdrop activity, the NFT market will continue to maintain the same level of activity.
For more advanced NFT trading, leveraging and risk hedging can be done with NFT-Fi tools. NFT futures products include NFTPerp, NFEX, Tribe3, etc.
Some NFT traders frequently place orders or collection bids near the floor price to receive more airdrops.
Futures contracts can help hedge the risk of price fluctuations in NFTs after a trade has been made, and it can also add leverage to trading strategies when liquidity is high in the NFT market.
Of course, many NFT-Fi protocols are still in the early stages, and there may be some usage costs.
Investors need to calculate and balance their profits and costs to design trading strategies. As the NFT market matures, market-making businesses are gradually emerging.
There are also cases in the NFT market where the market maker causes retail traders to become trapped.
Investors are advised to be aware of NFT trading risks (this article does not constitute investment advice).
3.Blur and Paradigm Ecological Cooperation:
The strength of the Blur project itself may also benefit its partners and Paradigm's investment in other targets.
At the end of October 2022, when Blur had just launched, Paradigm and Justin Roiland's social experiment project Art Gobblers started the Free Mint activity, and the floor price skyrocketed to 14 ETH.
Investors in Blur and KOLs who helped promote Blur could directly participate in the Free Mint and benefit from it.
This event shows that Paradigm and Blur have a close relationship, and it is not ruled out that there will be operational strategies in the future to mutually promote and contribute traffic to each other.
Paradigm has also invested in multiple DeFi, NFT, public chain, and MEV projects, and its projects and products may have the potential for further collaboration with Blur in the future.