The information about the Blur (BLUR) token is:

Blur (BLUR) is a decentralized cryptocurrency and the native token of the Blur NFT marketplace, launched on the Ethereum blockchain as an ERC-20 token. It operates using Ethereum’s Proof-of-Stake consensus mechanism, which was implemented after the 2022 Merge, relying on validators who stake 32 ETH to secure transactions.

The token was introduced alongside the Blur platform in October 2022, founded by Tieshun "Pacman" Roquerre and Anthony "Galaga" Liu, with a focus on serving professional NFT traders. Blur functions as both an NFT marketplace and an aggregator, pulling listings from platforms like OpenSea, X2Y2, and LooksRare to provide a comprehensive trading experience.

BLUR serves as a governance token, enabling holders to participate in decision-making through a decentralized autonomous organization (DAO) managed by the Blur Foundation. This allows the community to vote on platform updates, royalty policies, and other key features, aiming for a community-driven ecosystem.

The total supply of BLUR is 3 billion tokens. At genesis, 51% was allocated to the community (including a 12% airdrop to early NFT traders), 29% to contributors with a 4-5 year vesting period, 19% to investors, and 1% to advisors. The remaining community allocation forms a treasury for initiatives like grants and incentives.

Blur’s launch included a series of airdrops to boost engagement. The first rewarded Ethereum NFT traders active in the six months before October 2022, the second targeted users listing NFTs on Blur through November 2022, and the third, the largest, went to traders bidding on the platform by February 14, 2023, when the token officially went live.

The platform emphasizes features for pro traders, such as batch buying (sweeping floor-priced NFTs), real-time analytics, portfolio management tools, and zero trading fees, though gas fees on Ethereum still apply. Blur also introduced Blend in May 2023, a peer-to-peer lending protocol using NFTs as collateral.

Blur aims to balance the interests of traders and creators, offering optional royalties with incentives in BLUR tokens for those who pay them, addressing the contentious NFT royalty debate. Its aggregator functionality lets users compare and trade NFTs across multiple marketplaces seamlessly.

The project raised over $14 million from investors like Paradigm and notable Web3 figures, with a team boasting experience from MIT, Citadel, Twitch, and Y Combinator. The founders initially operated pseudonymously, with Roquerre later revealing his identity as the platform decentralized further.

Blur has since expanded its vision, with plans for multichain integration to support NFTs beyond Ethereum and potential accommodation of diverse digital art forms like 3D models and videos, as hinted by the team and community discussions.