{"id":21559,"date":"2023-06-13T17:25:44","date_gmt":"2023-06-13T17:25:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blur-to-unlock-196-million-blur-tokens-on-june-14\/"},"modified":"2023-06-13T17:25:44","modified_gmt":"2023-06-13T17:25:44","slug":"blur-to-unlock-196-million-blur-tokens-on-june-14","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blur-to-unlock-196-million-blur-tokens-on-june-14\/","title":{"rendered":"Blur to unlock 196 million BLUR tokens on June 14"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686667814211-4f7e04de-3527-4746-af98-1a1dffb0e2ca-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686667814211-4f7e04de-3527-4746-af98-1a1dffb0e2ca-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686667814211-4f7e04de-3527-4746-af98-1a1dffb0e2ca-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686667814211-4f7e04de-3527-4746-af98-1a1dffb0e2ca-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Roughly 196 million BLUR tokens will be unlocked on June 14, 2023.<\/li>\n<li dir=\"ltr\">The token unlock is set to increase Blur\u2019s circulating supply by 40%, which currently stands at just over 495.2 million BLUR.<\/li>\n<li dir=\"ltr\">Blur launched in October 2022 and has quickly grown to become one of the leading NFT marketplaces.<\/li>\n<\/ul>\n<p dir=\"ltr\">Blur, the NFT marketplace for pro traders, will have about 196 million BLUR tokens unlocked on Wednesday, June 14, 2023.<\/p>\n<p dir=\"ltr\">The scheduled release of the tokens into circulating supply comes amid a wave of negativity across crypto, with regulatory and macroeconomic headwinds contributing to BLUR price dipping 27% in the past week.<\/p>\n<h2 dir=\"ltr\">BLUR unlock to add 40% to circulating supply<\/h2>\n<p dir=\"ltr\">According to data from<a href=\"https:\/\/token.unlocks.app\/blur\" rel=\"noopener noreferrer\" target=\"_blank\">\u00a0<u>Token Unlocks<\/u><\/a>, the 196 million BLUR tokens being unlocked is equivalent to about 6.5% of the platform\u2019s total supply. However, it will translate to about 40% increase in circulating supply, with 115.6 million tokens going to core contributors, 75.4 million to investors and 4.9 million to advisors.<\/p>\n<p dir=\"ltr\">The circulating supply for Blur is currently just over 495.2 million tokens, giving the cryptocurrency a market cap of $154 million.<\/p>\n<p dir=\"ltr\">Blur\u2019s maximum supply is 3 billion BLUR. About 83% of the total supply is currently locked, which is 2.49 billion BLUR worth approximately $769 million. Unlocked tokens are 511.3 million BLUR worth approximately $158 million at BLUR\u2019s current price of $0.309.<\/p>\n<h2 dir=\"ltr\">NFT marketplace growth<\/h2>\n<p dir=\"ltr\">Blur launched in October 2022 and grew rapidly to see its NFT volumes in the first quarter of 2023 surpass those of leading marketplace OpenSea.<\/p>\n<p dir=\"ltr\">As CoinJournal <a href=\"https:\/\/coinjournal.net\/news\/nft-trading-volume-rose-230-in-q1-nansen-finds\/\">highlighted<\/a> in early May, accounted for $2.93 billion in NFT sales. In comparison, OpenSea registered $1.02 billion in sales volume during the quarter.<\/p>\n<p dir=\"ltr\">The NFT marketplace<a href=\"https:\/\/twitter.com\/blur_io\/status\/1582777825483841546\" rel=\"noopener noreferrer\" target=\"_blank\"> <u>announced<\/u><\/a> in October that the NFT platform\u2019s team includes experienced developers from MIT, Citadel, Square, and YC. The project raised over $14 million from investors and traders. It also closed a $15M-$30M funding round in February, which was at a $1 billion valuation.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/blur-to-unlock-196-million-tokens-increasing-circulating-supply-by-40\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Roughly 196 million BLUR tokens will be unlocked on June 14, 2023. The token unlock is set to increase Blur\u2019s circulating supply by 40%, which currently stands at just over 495.2 million BLUR. Blur launched in October 2022 and has quickly grown to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21559"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21559"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21560"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}