Blur Airdrops Tokens Worth $400 Million To Users, Boosts NFT Trading
Blur, an Ethereum-based NFT marketplace, recently sent around $400 million worth of $BLUR tokens to its active traders. This marks one of the largest aircraft drops since 2022
Blur, an Ethereum-based NFT marketplace, made headlines this week with a massive airdrop of $BLUR tokens to its active traders. Airdrop, worth around 400 million dollarsis one of the largest in recent times, and potentially positions itself as a strong competitor to the OpenSea market.
The airdrop just happened this week, with users qualifying to receive the huge airdrop immediately. But what exactly is BLUR and why isn’t the platform as well known as others?
What is BLUR?
Blur is an NFT marketplace that launched in October 2022. The platform is a direct competitor to another Ethereum-based NFT marketplace, Opensea. They similarly offer features such as the ability to view statistics and manage portfolios.
Blur is known for its NFT collections and unique approach to trading. The platform has grown rapidly in recent months, attracting a large and passionate user base of collectors and traders. The airdrop consisted of newly minted governance tokens called the $BLUR token that give users an opinion on the future direction of the protocol. This is a key function of decentralized economy and is a way to strengthen the platform’s decentralized functions.
With a total supply of 3 billion tokens, BLUR positions itself as a strong competitor to other Ethereum-based protocols such as OpenSea. Although it is not currently the largest marketplace in Ethereum, it has created a lot of excitement among traders and collectors, many of whom have used the tokens to purchase more NFTs.
The popularity of NFTs has exploded since the airdrop, with trading activity in popular forums such as the Bored Ape Yacht Club increasing. Projects increasing as a result of the airdrop include The Otherside metaverse, MoonBirds, Doodles, and more.
Final thoughts
As the NFT market continues to grow and develop, it will be interesting to see how platforms like Blur evolve and adapt. This latest airdrop and other recent news like the recent royalty update, the platform could soon overtake OpenSea if they managed to win more investors and traders to their platform.
If you want to visit the BLUR Marketplace, click here to check it out right now. Stay tuned for more NFT news.
Edmond is a passionate writer for video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news sites.
