NFT platform BLUR saw a significant increase in the value of its tokens following the conclusion of the Part 2 airdrop and subsequent listing on the Binance exchange. As of today, BLUR’s price stands at $0.63, marking significant weekly growth, according to data from CoinGecko. The platform recently launched a two-day 30% airdrop event and revealed a seasonal reward pool consisting of 300 million tokens, currently valued at around $185 million.
One notable trader staked the equivalent of $7.3 million, in line with expectations of significant profits from the platform’s growing rewards program. BLUR, originally launched by OpenSea in October 2022, operates on an incentive-based trading system and has announced plans to reform over three seasons. This includes integration with new “blast” networks and an exclusive “Redacted” membership airdrop set for late 2024, following Blast’s $20 million funding milestone.
The recent increase in the value of the BLUR token can be partly attributed to the market’s innovative approach to user incentives. For example, in Part 2, a JPEG flipper significantly benefited from these incentives, as reported by Dune dashboard data. Additionally, layer 2 network Blast has raised $20 million from investors such as Paradigm and Standard Crypto. This grant will allow depositors to earn principal yield on the cryptocurrency, promising that they will receive half of the upcoming season’s airdrop rewards by staking BLUR tokens.
The market’s success is also reflected in volumes outpacing OpenSea since February. As part of the Season 2 rewards, the market distributed 300 million BLUR tokens to users. Among the recipients was Hanwe’s hanwe.eth wallet, which received one of the largest claims for 22.85 million tokens — worth about $14 million after the spike.
BLUR has also revised its compensation plan to require participants to receive half of their rewards in BLUR tokens, ensuring deeper integration with the platform’s ecosystem and aligning user benefits. used with the long-term success of the token.
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