Blur reveals additional 300M token airdrop to loyal users Blur reveals additional 300M token airdrop to loyal users
Blur's new loyalty score initiative disincentivizes users from other NFT platforms like OpenSea.
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Updated: Feb. 22, 2023 at 9:53 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Non-fungible token (NFT) marketplace Blur said it would distribute additional 300 million tokens to loyal users during the second season of its airdrop.
Blur previously airdropped 300 million tokens to its early users on Feb. 14.
How to qualify for Blur’s “Season 2” airdrop
The marketplace said the “Season 2” of its airdrop would incentivize loyalty amongst its users.
According to Blur, users would get a 100% loyalty score if they don’t have listings anywhere else. It added that users who list blue chips NFTs or more active collections on its platform could score 100%.
Meanwhile, users can further boost their chances with other activities, which include interacting with Blur’s social media posts.
Blur warned:
“Don’t try to game the system. Relisting NFTs at unrealistic prices, sybiling, or listing dead collections won’t help.”
Blur usurps OpenSea
OpenSea, which previously controlled around 80% of the market, has recently lost its dominance to Blur.
For context, Blur’s trading volume has beaten that of OpenSea in the last 24 hours and, by extension, over the past week and month, according to available data.
DappRadar data shows that Blur’s trading volume in the last 24 hours was $108.08 million, while OpenSea recorded $19.27 million. Over the past 30 days, Blur’s volume has grown by 117% to $894.48 million, while OpenSea’s increased by 12% to $433.15 million.
While OpenSea recently introduced new measures to regain its market share, analysts said Blur’s new loyalty score initiative disincentivizes users from other NFT platforms.
Besides that, Blur surpassed decentralized applications like Uniswap to be the top ETH burner. The marketplace also played a role in NFT’s gas usage, rising to 27% of ETH’s total gas consumption.
Blur’s native token is trading at $0.956 after a 22% drop in the last 24 hours, according to CryptoSlate’s data.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Ethereum
$3,142.19
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
OpenSea
OpenSea is a decentralized peer-to-peer marketplace for buying, selling, and trading NFTs.
Blur
Blur is an NFT marketplace and aggregator that was launched on October 19, 2022.