The analysis shows that Blur’s bidding incentives distort the market and cause NFT quotations to be higher than the immediate purchase price, that is, the price offered by buyers in the NFT market is higher than the asking price of the collection.
If you want to buy Doodles NFTs on Blur, the highest bid for more than a dozen items in the collection is 5.07 ETH (about $7,900), while the Buy Now price is 5.03 ETH, as are other collections, including Bored Ape Yacht Club, Azuki and Moonbird NFT.
Moonbird offers above the asking price on Blur, and when a bid is made on a listed item, the seller must accept that price before the deal closes, and the buyer triggers the deal to buy the item immediately.