User claims $11M in Blur token rewards at NFT marketplace’s season 2 airdrop

1:44 pm
November 23, 2023
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# User Claims $11M in Blur Token Rewards in NFT Marketplace Season 2 Airdrop

**Summary:**
A trader under the pseudonym “hanwe.eth” has claimed a staggering $11 million in Blur (BLUR) tokens through the season 2 airdrop of the NFT marketplace, Blur. The reward distribution data was sourced from Dune analytics, showing the wallet’s acquisition of 22,851,000 BLUR tokens. This airdrop strategy is an initiative by Blur to incentivize NFT trading on its platform, wherein rewards are distributed at the end of each season. The recent airdrop saw an allocation of 300 million tokens worth $146 million, with approximately 38,000 addresses claiming their rewards.

The number of claimed tokens totals 267 million, but not all recipients are content with their rewards. Notably, NFT whale Jeffrey Hwang expressed dissatisfaction after receiving 6 million tokens valued at around $2.9 million, leading to a significant NFT dump followed by repurchases. Additionally, Blur has outpaced OpenSea in daily Ether (ETH) trading volume, prompting the latter to implement a 0% fee structure to regain its user base.

The report is sourced from [Link to Dune Analytics](https://dune.com/sankin/blur-airdrop-2).

**FAQs:**

– **What is the purpose of the airdrop in NFT marketplaces like Blur?**
The airdrop is a strategy employed to attract traders and incentivize NFT trading on the platform by rewarding participants with tokens at the end of each season.

– **How are the rewards calculated in the Blur airdrop?**
The rewards vary based on users’ activities within the NFT trading platform.

– **How has Blur’s performance compared to that of OpenSea?**
Blur has surpassed OpenSea in daily Ether (ETH) trading volume, leading OpenSea to implement a 0% fee structure to retain its user base.

– **Who is Jeffrey Hwang and what actions did he take in response to the Blur airdrop rewards?**
Jeffrey Hwang, also known as Machi Big Brother, expressed dissatisfaction after receiving 6 million tokens worth around $2.9 million, leading to a large-scale NFT dump followed by repurchases, which some have speculated to be a profit-generating maneuver.

– **What is the total worth of the claimed tokens in the recent Blur airdrop?**
The total worth of the claimed tokens in the recent Blur airdrop amounted to 267 million, with an approximate value of $146 million at current BLUR prices.

– **Where can I find more information about NFT marketplaces and their airdrop activities?**
For more details on NFT marketplace activities and airdrop distributions, consider visiting reliable sources such as Dune analytics and official platform announcements.


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