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BLUR: Powering The Future of NFTs

BLUR is a token associated with the Blur Marketplace, a decentralized protocol used to buy and sell NFTs on the Ethereum blockchain. It is one of several tokens currently held within the Index Coop’s Metaverse Index (MVI).

BLUR is an ERC-20 token that was launched in 2023 and is associated with the Blur NFT marketing, a low-fee, royalties-optional place to buy and sell NFTs. The BLUR token gives the community control over the DAO and allows the community to actively participate in governance. 

What is BLUR?

BLUR is the native token of the Blur Foundation, a platform that aims to facilitate community-led governance and participation in their DAO. 

The Blur Foundation assists contributors with the development and growth of the Blur ecosystem, which includes the Blur marketplace, aggregators, and the lending protocol known as Blend. 

BLUR Governance and Tokenomics

The maximum supply of BLUR is 3 billion tokens. Twelve percent of that supply is allocated to airdrop holders, with another 78 percent delegated to two lock-up contracts and nine percent owned by a multi-sig wallet controlled by the Blur team. 

The initial 4 to 5-year allocation is as follows: 

  • 51% to Blur community members 
  • 29% to past and future core contributors with a 4-year vesting 
  • 19% to investors with a 4-year vesting 
  • 1% to advisors with 4 to 5-year vesting 

Why is BLUR included in MVI?

The objective of MVI is to reflect the trend of Metaverse and Gaming activities in virtual economies powered by blockchain technology and NFTs, replacing the previous objective of capturing entertainment, social activities, and businesses in virtual economies powered by blockchain technology and NFTs. BLUR helps run the Blur NFT marketplace, aggregators, and lending protocol known as Blend and meets all the inclusion criteria.

How can I gain exposure to BLUR?

You can gain exposure to BLUR by buying MVI tokens on various cryptocurrency exchanges. You can buy MVI directly from the Index Coop by connecting your wallet to the Index Coop app

If you’re looking to exchange a fiat currency, like the U.S. dollar, directly for MVI, then you’ll want an Ethereum wallet like Argent, Metamask, or Rainbow. With each of these wallets, you can connect to your bank account or debit card, which allows you to exchange fiat currencies directly for Index Coop products like MVI. 

What is MVI?

The Metaverse Index (MVI) is designed to capture the trend of entertainment, social activity, and business moving to take place in virtual economies powered by NFTs and blockchain technology. The MVI uses a combination of the square root of market cap and DEX liquidity to arrive at the final index weights.

As a bundled crypto asset, you effectively own all of the underlying tokens. You can redeem your units of MVI for the underlying tokens, a feature of traditional structured products that are typically reserved for large institutional investors.

About Index Coop

Index Coop is a decentralized autonomous organization (DAO) that powers structured decentralized finance (DeFi) products and strategy tokens using smart contracts on the blockchain. We offer a suite of sector-structured products, leverage and inverse products, and yield-generating products. We aim to create products that are simple to use, accessible to everyone, and secure. 

Our products are built on Index Protocol, a good-faith fork of Set Protocol v2 that allows for the creation and management of Ethereum-based (or ERC-20) tokens. Among users, partner protocols, and our composable products, Index Coop maintains one of the largest partnership networks in the DeFi ecosystem.

Disclaimer: This content is for informational purposes only and is not legal, tax, investment, financial, or other advice. You should not take, or refrain from taking, any action based on any information contained herein, or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. Before you make any financial, legal, technical, or other decisions, you should seek independent professional advice from a licensed and qualified individual in the area for which such advice would be appropriate. This information is not intended to be comprehensive or address all aspects of Index or its products. There is additional documentation on Index’s website about the functioning of Index Coop, and its ecosystem and community.

You shall not purchase or otherwise acquire our restricted token products if you are: a citizen, resident (tax or otherwise), and/or green card holder, incorporated in, owned or controlled by a person or entity in, located in, or have a registered office or principal place of business in the U.S. (defined as a U.S. person), or if you are a person in any jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized (together with U.S. persons, a “Restricted Person”).  The term “Restricted Person” includes, but is not limited to, any natural person residing in, or any firm, company, partnership, trust, corporation, entity, government, state or agency of a state, or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of, a jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized).

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