On November 21st, Blur announced the opening of the second round of airdrop claiming, involving 300 million BLUR tokens. Many users reported successfully claiming a substantial amount of tokens worth several million USD. The airdrop claiming period will last for 45 days.
During Season 2, which ran from February 2023 to September 2023, Blur became the largest NFT trading platform on Ethereum, capturing a 65% market share and surpassing OpenSea. Notably, the trading volume on Blur surged to $6.1 billion, involving over 260,000 users globally. This is an impressive figure in the context of the NFT market, which has seen limited breakthroughs in the past year.
Blur’s Blend solution also became the dominant NFT lending protocol, outperforming its competitors.
The BLUR token experienced significant growth, rising by 80% in the past month. However, it witnessed a 10% drop, reaching $0.29 USD on November 21st, coinciding with the user token airdrop and sales. Currently, BLUR is recovering, showing a strong upward trend and trading at around $0.35 USD.
In addition to launching the airdrop claiming portal, Blur also announced Season 3, in collaboration with the newly introduced layer2 solution called Blast. Both Blur and Blast share a common founder named Pacman and receive backing from the investment fund Paradigm.
Unlike previous stages, where rewards were mainly given to users with high NFT trading volumes on Blur, Season 3’s airdrop will also consider token BLUR holders. Specifically, 50% of the airdrop tokens will be distributed to users with transaction points, while the remaining 50% will go to token holders.
Points earned during Season 3 will be convertible to $BLUR.
Season 3 will run from November 2023 to May 2024, concluding with an airdrop event. Notably, the next BLUR token airdrop will occur simultaneously with the Blast token airdrop.
Airdrop SS3 consists of two components:
1. Earning points: Similar to previous seasons, users need to bid, list, and lend to earn points.
2. Holding: Users need to hold $BLUR to earn REDACTED and points.
However, despite the excitement of receiving airdrops, Machi Bigbrother, a prominent NFT player, publicly criticized the platform after receiving a meager airdrop. Specifically, Machi spent $14 million on fees for Blur but received only a $1 million airdrop, resulting in a $12 million loss.
Many others also expressed disappointment with Blur’s recent airdrop. Nevertheless, some users maintain unwavering faith in this marketplace and have high hopes for Blur’s future, especially after hearing the news that Pacman has raised an additional $40 million to expand the Blur ecosystem and develop more NFT solutions on Blast.