Blur Blur removes errors by offering 50% refunds to NFT traders
- Blur offered some traders a 50% refund.
- A pseudonymous client lost 70 ether on the NFT market.
- Blur Platform Claims To Be “The Fastest NFT Marketplace”
Errors to be corrected
The Blur platform claims to be “the fastest NFT marketplace”; it is giving few traders a 50% refund soon, after many users suffered a loss of 70 Ether (ETH~$1276 at the time of publication) due to the platform’s poor interface.
An anonymous user pointed out Blur’s new bidding system bug in a tweet. Going by the name “Keungz” on December 7, the person wrote “I lost 70 when using the new bidding system with @blur_io Fat fingers and lack of sleep in web3 made this tragedy happen. But it would avoid if it has a good UI/UX. I will not complain, but will give my advice and make the web3 world better.”
While posting the complaint, the person also stated that it could be due to the human error that resulted in the incident. This event took place after the pseudonymous Keungz deposited around 140 Ether into a bid pool and mistakenly given 70 Ether in an Art Gobblers NFT.
As media reports suggest, starting October 19, 2022, Venture Capitalist-funded NFT marketplace Blur launched a free crypto in the form of an airdrop to its new users containing an undisclosed number of gifted BLUR tokens.
For the users, to the users …..
According to the official website, Blur as an NFT marketplace offers advanced analytics to manage users’ portfolio and the snipe feature reveals faster than any other. Users can swipe across multiple marketplaces to “execute trades faster and earn more on Blur,” with 0 platform fees.
The Blur NFT marketplace claims itself to be “10X faster than Gem”, listing the wait times detected by Blur at just 0.4 seconds, while Gem at 9.4 seconds. The largest NFT marketplace OpenSea acquired NFT aggregator company Gem in April 2022, to provide users with “pro experience”.
The largest NFT marketplace OpenSea ranked first with 44.3% in the month of November in terms of total NFT sales volume of around $394 million.
Blur NFT marketplace responded in a thread on Twitter- “We initially considered the bid error to be a user error because there was no error in the product itself. After further evaluation, we see how this could be considered an error from the user’s perspective , so we will refund 50% to traders who were affected by this UI.”
On December 8, Blur said in a Twitter thread: “For completeness, our explicit policy is that we try to refund users for platform errors. For user errors, we will improve the user interface to reduce errors, but not provide refunds. If an issue appears to be a mix of a bug and a user error, we’ll use a middle ground on a case-by-case basis.”
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional money exchange systems. She is also fascinated by the blockchain technology and its function.
