Blur in NFT Market Addresses Suspicious Tags

02/24/2023 01:33 • Metaverse Matters • 119 views

It is reported that Blur in the NFT market tweeted that Blur and LooksRay will no longer display third-party suspicious tags in the UI by default from today. Blur said that its discovery of suspicious tags does more harm than good to end users. If necessary, users can still enable suspicious tags in the “View Settings” of the favorite page. However, no matter whether it is opened in the view settings or not, the items that are marked suspiciously still cannot accept bids on Blur.

Blur and LooksRay will no longer display third-party suspicious tags in the UI by default

Analysis based on this information:

Blur in the NFT market has recently announced that it will no longer display third-party suspicious tags by default in its UI from today onwards. The decision is primarily because Blur discovered that such tags do more harm than good to end-users. The move aims to provide a more transparent and trustworthy NFT marketplace for its users.

Suspicious tags refer to labels that indicate an item may have fraudulent or false information. These tags can prevent users from making costly transactions that may harm their investment. However, Blur argues that such tags can also have the opposite effect. Suspicious tags can discourage potential buyers from making legitimate investments, leading to a drop in sales for sellers. Moreover, they can also cause undue panic among users who are unsure about the legitimacy of the item.

In line with this, Blur will now allow users to enable suspicious tags in the “View Settings” of the favorite page if necessary. This way, users who still wish to make use of suspicious tags may do so in their own capacity. However, even if opened in the view settings or not, items marked suspiciously will still be unable to accept bids on Blur.

Blur’s decision is a significant move towards providing a safer and more efficient NFT marketplace. It aligns with the growing demand for transparency in this emerging market, where fraud and misinformation are prevalent. It also highlights the importance of a trusted and reliable online platform where users can conduct transactions with confidence.

Overall, Blur’s decision to remove third-party suspicious tags in its UI should benefit both buyers and sellers in the NFT market. It upholds the principle of trust, transparency, and credibility in the online marketplace, making it possible for NFTs to continue to grow and flourish as an investment vehicle.

In conclusion, the NFT market will always be a target for fraudulent activities. However, online platforms like Blur can do their part in providing a safe and secure environment that can deter such activities. By promoting transparency and integrity, Blur will continue to foster consumer trust and improve the NFT marketplace experience.

Title: Blur in NFT Market Addresses Suspicious Tags

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Blur in NFT Market Addresses Suspicious Tags

Blur and LooksRay will no longer display third-party suspicious tags in the UI by default

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