Blur, an Ethereum-based NFT marketplace, recently airdropped $BLUR tokens worth around $400 million to its active traders. This marks one of the biggest airdrops since 2022
Blur, an Ethereum-based NFT marketplace, has made headlines this week with a massive airdrop of $BLUR tokens to its active traders. The airdrop, worth around $400 million, is one of the biggest in recent memory, potentially positioning itself as a strong contender to the OpenSea marketplace.
The airdropped has just occurred this week, with users qualifying for receiving the humongous airdrop instantly. But what exactly is BLUR and why isn’t the platform as known as others?
What is BLUR?
Blur is an NFT marketplace that was 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 $BLUR token which gives users a say in the future direction of the protocol. This is a key feature of decentralized finance and is a way to strengthen the platform’s decentralized features.
With a total supply of 3 billion tokens, BLUR is positioning itself as a strong competitor to other Ethereum-based protocols such as OpenSea. Although it currently isn’t the largest marketplace in Ethereum, has generated a lot of excitement among traders and collectors, many of whom have used their tokens to purchase more NFTs.
The popularity of NFTs has exploded after the airdrop, with trading activity in popular collections like the Bored Ape Yacht Club surging. Projects surging as a result of the airdrop include The Otherside metaverse, MoonBirds, Doodles and so much more.
Final Thoughts
As the NFT market continues to grow and evolve, it will be interesting to see how platforms like Blur evolve and adapt. This recent airdrop and other recent news such as its recent Royalty update, the platform may soon overtake OpenSea if they managed to win more investors and traders onto their platform.
If you want to visit the BLUR marketplace, you can 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 websites.