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1confirmation's General Partner Labels NFT Marketplace Blur a "Parasite" of the Ecosystem

April 23 (Cointime) - Richard Chen, the general partner of crypto-focused venture capital firm 1confirmation, criticized NFT marketplace Blur, calling it a parasite of the NFT ecosystem.

Chen drew comparisons between Blur and collapsed cryptocurrency exchanges FTX and Terra Labs. He further stated:

"The investors who continue to cheerlead Blur will burn their reputation just like those who were on the FTX or Terra cabal."

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