# Overview of Blur.io and Blend

Blur is the #1 NFT secondary marketplace platform on Ethereum. The platform’s governance token, $BLUR \[0x5283d291dbcf85356a21ba090e6db59121208b44], is distributed to users who bid to buy NFTs and bid to offer collateralized loans. You can learn about the BLUR Rewards and Loyalty system in the relevant [links ](https://docs.coolwater.xyz/introducing-coolwater.xyz/relevant-links)section.

Blend, Blur’s collateralized-NFT lending product, launched on May 1, 2023 and is already the #1 NFT-collateralized lending protocol on Ethereum in terms of loan volume originated, transactions, and unique users.