Blur Conducts Second BLUR Airdrop, Token Price Drops Sharply

NFT marketplace Blur has conducted its second BLUR airdrop in the early hours of November 21, after more than nine months of anticipation.

Blur Conducts Second Airdrop, BLUR Token Price Drops Sharply

On the morning of November 21 (Vietnam Time), Blur announced the completion of Season 2 of the project, along with the distribution of the second BLUR airdrop to users.

Blur reported that during Season 2, which ran from February 2023 to September 2023, it became the largest NFT trading platform on Ethereum, capturing 65% of the market share and surpassing OpenSea. During this period, Blur recorded a trading volume of $6.1 billion from over 260,000 global users—a significant achievement in a year with limited breakthroughs in the NFT space.

Additionally, Blur’s Blend solution has become the leading NFT lending protocol, dominating over other competitors.

At the end of Season 2, Blur announced it had airdropped 300 million BLUR tokens (valued at $97.5 million) as rewards to users, with several accounts reporting token claims worth millions of USD. The BLUR airdrop claim period will last for 45 days.

After a recent 80% surge in a month, the BLUR token price saw a near 10% drop on the morning of November 21 as NFT investors began to claim and sell their airdropped tokens.

BLUR Price Fluctuations in the Last 24 Hours, Screenshot from CoinMarketCap at 10:30 AM on 21/11/2023

Blur also announced Season 3 of the project, in collaboration with the newly launched layer-2 solution, Blast. Both Blur and Blast share a co-founder named Pacman and receive backing from the investment fund Paradigm.

Unlike previous seasons, which rewarded users based on high NFT trading volumes on Blur, the Season 3 airdrop will include criteria for BLUR token holders. Specifically, 50% of the airdrop tokens will be allocated to users based on their trading points, while the remaining 50% will be distributed to BLUR token holders.

Season 3 will run from November 2023 to May 2024, culminating in an airdrop event. Notably, the next BLUR airdrop will coincide with the Blast token airdrop.

Co-founder Pacman shared that the addition of the Blast layer-2 solution will address issues facing the NFT sector, including asset depreciation, high transaction fees, and lack of derivative trading tools. Pacman revealed that an additional $40 million has been raised to further expand the Blur ecosystem and develop more NFT solutions on Blast.