distortion

According to reports, the analysis shows that Blur’s bid incentives distort the market, resulting in the NFT offer being higher than the “immediate purchase” price, that is, the price offered by the buyer in the NFT market is higher than the asking price of the collection. If you want to buy Doodles NFT in Blur, the maximum bid for more than ten items in this series is 5.07 ETH (about $7900), and the “Buy Now” price is 5.03 ETH, as is the case for other series, including Bored Ape Yacht…

According to reports, CryptoSlam, the NFT data analysis platform, said that about 1% of high-value NFT traders promoted most of the transactions in the Blur market. They obtained token incentive returns in this way. This behavior distorts the NFT market and puts traders at risk. Although CryptoSlam did not disclose the relationship between Blur’s high trading volume and its airdrop token trading data, it pointed out that the proportion of OpenSea’s sales volume was relatively low. The data showed that from February 14 to February 27, there were only 6.6…