A non-fungible token (NFT) marketplace is surging after being listed by the largest crypto exchange platform by volume in the world.
In a new announcement, crypto exchange Binance says it is listing BLUR, the governance token of Altcoin Blur, a decentralized NFT marketplace that offers real-time price streams and comparisons.
According to Binance, BLUR will at first be available in the BLUR/BTC, BLUR/USDT and BLUR/TRY trading pairs.
The announcement caused BLUR’s price to skyrocket, as the digital asset went from a seven-day low of $0.303 on November 20th to a price tag of $0.637 at time of writing, a 110% increase.
Binance says that BLUR will have a SEED tag applied to it, meaning that it has been deemed an innovative project that may exhibit higher volatility and risk compared to other virtual currencies.
To gain access to assets with SEED tags, Binance says users need to accept the terms of service as well as pass a quiz every 90 days that ensures they understand the risks of trading volatile crypto assets.
“BLUR is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have done your own research in regards to BLUR’s fundamentals, and fully understand the project before opting to trade the token.”
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Featured Image: Shutterstock/issaro prakalung