NFT
Key Factors:
Like many NFT exchanges that need to compete with OpenSea, Blur makes use of tokens and an airdrop technique to draw NFT customers. Proper from the primary day of its launch, Blur introduced an airdrop of tokens for customers and NFT merchants.
Blur NFT market lastly introduced the long-awaited airdrop on February 13. After the airdrop, many collaborating customers dumped BLUR tokens mercilessly, inflicting its value to drop dramatically severe, decreased to $ 0.5 – $ 0.7 in comparison with $ 5 when itemizing the ground. BLUR’s buying and selling quantity within the following hours was over half a billion {dollars}.
The issue for season 2 is predicted to extend as a consequence of extra competitors. Blur has confirmed that greater than 300 million tokens will probably be distributed in Season 2, and Blur revealed there can be a Season 2 broadcast quickly.
All bidding and itemizing websites have been doubled till April 1, 2023. This implies it’s important to begin itemizing and bidding on NFT on Blur to get a head begin on Season 2 rewards.
Bear in mind to bid on high collections near the ground value to extend your rating. Blur has additionally confirmed that the key to maximizing rewards in Season 2 will probably be Loyalty.
2. In Season 2, you get a 100% loyalty rating should you don’t have listings anyplace else. Use our new maximize loyalty button to take away your third social gathering listings and get your rating to 100% in a single transaction. pic.twitter.com/JOSGk1XaCH
— Blur (@blur_io) February 21, 2023
Earlier than that, CryptoSlam had found not less than $577 million of over $1 billion value of Blur-related wash commerce income for the reason that February 14 airdrop, similar to a quick resale of NFTs at a value near the asset’s authentic transaction.
The neighborhood judged Blur facilitated wash buying and selling throughout their airdrop to draw customers from different platforms.
Due to this fact, in response to a person’s report a few fraudulent pockets handle having a excessive queue, the undertaking will announce that it will choose and take away pockets addresses with indicators of fraud within the subsequent airdrop following this.
All of those wallets spoofing bids will probably be filtered for Season 2. https://t.co/ctrg88nmFe
— Blur (@blur_io) February 28, 2023
DISCLAIMER: The Data on this web site is supplied as basic market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.