Blur performed the 2nd airdrop, the value of the BLUR token dropped sharply

NFT exchange Blur performed the 2nd BLUR airdrop in the early morning of November 21st just after a lot more than 9 months of waiting.

Blur performed the 2nd airdrop, the value of the BLUR token dropped sharply

On the morning of November 21 (Vietnam time), NFT exchange Blur announced that it has finished the 2nd season phase of the venture, along with the 2nd airdrop of BLUR tokens for end users.

Blur mentioned that in Season two, which lasted from February 2023 to September 2023, the exchange grew to become the greatest NFT trading platform on Ethereum, equal to 65% of the market place share and usurp OpenSea. During this time, Blur took note The trading volume was $six.one billion by more than 260,000 worldwide end users, a respectable quantity in the context of the NFT section that has not witnessed substantially progress more than the previous yr.

Furthermore, Blur’s Blend answer has also turn into the quantity one particular NFT lending protocol, with a market place share that has entirely overwhelmed other rivals.

At the finish of season two, Blur mentioned yes airdrop of 300 million BLUR tokens as a reward for end users, with several accounts claiming to have requested tokens really worth up to many million bucks. The time to request the BLUR airdrop will final 45 days.

After growing 80% in the most latest month, the value of the BLUR token on the morning of November 21st dropped virtually ten% as NFT traders start to airdrop and promote tokens.

BLUR value fluctuations in the final 24 hrs, screenshot from CoinMarketCap as of ten:thirty am on November 21, 2023

Blur also announced the third season of the venture, teaming up with newly launched layer-two answer Blast. Both Blur and Blast have the similar founder named Pacman and acquire backing from the Paradigm investment fund.

Unlike past phases, which rewarded end users with higher NFT trading volume on Blur, the Season three airdrop will have supplemental criteria for BLUR token holders. Specifically, 50% of the airdrop tokens will be allotted to end users with transaction factors, though the remaining 50% will be allotted to token holders.

Season three will run from November 2023 to May 2024, ending with the airdrop occasion. Notably, the up coming BLUR airdrop will consider area at the similar time as the Blast token airdrop.

The Pacman founder shared that the addition of Layer-two Blast will support tackle shortcomings dealing with the NFT area, like asset worth depreciation, higher transaction charges, and lack of trading equipment of derivatives. Pacman has currently uncovered it Raise supplemental capital of $forty million even more broaden the Blur ecosystem by building a lot more NFT options on Blast.

Coinlive compiled

Join the discussion on the hottest challenges in the DeFi market place in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!