NFT Marketplace Blur Attracts $11 Million

NFT marketplace for professional traders Blur has raised $11 million in seed funding in a funding round led by Paradigm.

Other participants in the round also include eGirl Capital, 0xMaki, LedgerStatus and other venture capital investors. According to the startup:

“Live NFT marketplaces prioritize the retail user experience but ignore the growing needs of professional traders. The infrastructure is failing as monthly trading volumes reach into the billions.”

The project developers have said that Blur’s mission is to solve the problems of the segment by “bringing the NFT space closer to the institutional level while increasing decentralization.”