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Blur’s Bid Incentives Distort NFT Market

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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\” pr

Blurs Bid Incentives Distort NFT Market

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 Club, Azuki and Moonbird NFT. Moonbird’s offer on Blur is higher than the asking price. When bidding on the listed items, the seller must accept the price before the transaction is completed, The buyer will trigger the transaction of “Buy Now” items. （The Block）

Blur offer incentives distort the market, resulting in NFT offer higher than “buy now” price

Analysis based on this information:


The message discusses how the bid incentives offered by Blur, a popular NFT marketplace, can lead to market distortion. Specifically, the analysis reveals that the asking price of NFT collections is often lower than the price offered in bids by buyers. As a result, the NFT offer tends to be higher than the immediate purchase price.

For instance, when purchasing Doodles NFT on Blur, the highest bid for more than ten items in the collection is 5.07 ETH, which amounts to about $7900. However, the “Buy Now” price for the same collection is 5.03 ETH. This trend is also observed in other series like the Bored Ape Yacht Club, Azuki, and Moonbird NFTs. Moonbird’s offer on Blur is higher than its asking price.

The message notes that for listed items, sellers must accept the price before the transaction is completed, while buyers trigger the purchase of “Buy Now” items. This observation potentially highlights a fundamental flaw in the current NFT marketplace, where buyer demand and bid incentives can distort what the market determines as a fair price.

The three keywords that stand out from the message are Bid Incentives, NFTs, and Market Distortion. Bid incentives can cause market distortion due to a lack of market consensus on the value of the listed NFT collections. The prevailing price for NFTs is often determined by the highest bid offered by buyers rather than the demand-supply equilibrium point, leading to price disparity between asking prices and the actual offer.

In conclusion, this message highlights the potential impact of bid incentives on the NFT market, revealing how it can distort the market by pushing up the offer above the reasonable asking price. Sellers may benefit from the higher NFT offer but, in the long run, distorted markets could harm the growth and sustainability of the NFT ecosystem. As the NFT market continues to evolve, it will be vital to track the impact of bid incentives and how they impact market dynamics.

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