Blur V2 is officially launched: the new function of "Feature Bidding" is launched

In the early hours of this morning, Blur, an NFT aggregation trading platform, announced the official launch of Blur V2, launching the new feature of “Trait bidding” (feature bidding), and reducing the transaction Gas fee by 50%. As soon as the news came out, the BLUR token rose by nearly 2% for a short time, and then fell to around $0.33.

According to the official tweet, the details of this update are as follows:

1. As part of the Blur v 2 upgrade, Blur v 1 bids will no longer be valid. If the user had a bid before, be sure to recreate the bid in Blur v 2.

2. Blur v 2 has made a lot of optimizations to save Gas. Gas costs for transactions on Blur are now 50% lower; at current gas prices, you can save $16 on the purchase of a single NFT on Blur v 2. All smart contracts for Blur v 2 have been audited by Chain Light (note: the last smart contract audit partner was Code 4 rena).

3. Trait bidding. Previously, users could only bid on multiple collections at once in Blur, now V2 version allows you to bid on medium, rare or any trait you want; all collections support trait bidding, but only certain collections can get it Feature bidding points.

4. Feature bidding points. The specific score depends on how much higher the feature bid is than the highest set bid and the supply of features. Currently, there are only 12 sets that support feature bid points, namely: Wrapped Cryptopunks, Azuki, Milady, DeGods, Bored Ape Yacht Club, Mutant Ape Yacht Club, PudgyPenguins, Otherdeed, BoredApeKennelClub, CloneX, Beanz, Doodles. In-depth understanding of feature bidding points rules:

Five, the second quarter update. As core contributors, we view each season as a pivotal moment for us to build our NFT infrastructure. In Season 1, we launched Blur’s marketplace protocol, bidding pools, and myriad tools for listing, cleaning, and monitoring marketplaces. This season we launched Lending and BNPL (powered by Blend), full mobile support, notifications, feature bidding, and a gas-optimized v2 marketplace. There are still three key developments, and we’ll share a timeline for Season 2 once those developments get closer to release.

6. You can continue to earn List Points on collections that have not been enabled for Blend. List points are as valuable as bid points. Loyalty is important to every collectible. Maximize your Season 2 rewards just by listing on Blur and maintaining maximum loyalty. In the meantime, earn even more Points for Season 2 by placing Featured Bids on Collections that have Featured Points enabled.