FacebookTwitterLinkedInTelegramCopy LinkEmail
NFTs and Metaverse

Blur NFT Platform to Airdrop $300 Million Worth of Tokens

Blur NFT Platform to Airdrop $300 Million Worth of Tokens

On Tuesday, Blur, a rising Ethereum NFT trading platform, announced plans to distribute additional tokens worth $300 million to loyal users.

This comes after Blur recently surpassed OpenSea, a long-established competitor, as the most popular Ethereum NFT trading platform in terms of trading volume.

In its first season, Blur rewarded users with “care packages” of its native BLUR tokens for certain actions. In season 2, the company will use a gamified program to assign users a loyalty score based on their activity on the platform.

The score will determine the number of BLUR tokens a user will receive in a later airdrop based on the number of NFTs they list. The loyalty system will consider minor actions, like quote-tweeting, to boost a user’s score.

However, it’s unclear how Blur links activities on other platforms like Twitter to its own site.

READ MORE: Bitcoin’s Near Future: Brace for a Correction or Expect a Breakout?

The escalating competition between NFT platforms has led to OpenSea eliminating its 2.5% fee and reducing creator royalty protections.

Although Blur has higher trading volumes than OpenSea, much of this activity is generated by a small group of whale traders who use Blur’s rewards program to accrue as much BLUR as possible.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

Learn more about crypto and blockchain technology.