Top US crypto exchange Coinbase has rolled out support for a brand-new, Ethereum (ETH)-based non-fungible token (NFT) marketplace project.
Blur (BLUR) went live on the exchange on Tuesday, the same day as the new token’s airdrop.
Blur launched its NFT marketplace four months ago and has processed over $1.4 billion in gross merchandise volume.
Users who traded NFTs on Blur or created collections that traded on the exchange have 60 days to claim their BLUR tokens from the airdrop, according to the project’s Twitter account.
BLUR is trading around $0.82 at time of writing. The 137th-ranked crypto asset by market cap is down more than 83% on its first day in existence.
Coinbase listed the token under its “Experimental Label,” which the exchange created for riskier, lower liquidity crypto assets.
Coinbase CEO Brian Armstrong said last year that the exchange aims to list as many crypto assets as possible, as long as they meet the company’s standards.
“It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are.”
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