As NFT market Blur units its sights on a so-called Season 3 of rewards for merchants, one JPEG flipper walked away with greater than $8.4 million price of airdropped BLUR tokens from Season 2.
Factoring in how lively the dealer was—throughout NFT bids, listings, and lending exercise throughout its months-long Season 2—Blur awarded the pseudonymous Hanwe’s hanwe.eth pockets with 22.85 million BLUR tokens, in line with a Dune dashboard.
The airdropped tokens had been price round $7.3 million when claimed late Monday, shortly after Blur’s Season 2 ended at 6 pm ET, however the token has risen in worth since. Blur’s token is up about 8% over the previous day at $0.37, in line with CoinGecko.
Utilizing the Ethereum Title Service to assign their pockets a human-readable title, the dealer acquired a considerable slice of the 300 million BLUR earmarked for Season 2’s finish. In keeping with the Dune information, Hanwe acquired the biggest share of rewards for Season 2.
It is time to BLAST OFF. I simply acquired 22851000 $BLUR from @BLUR_io’s Season 2 drop. Season 3 begins NOW and is powered by @BLAST_L2, the one L2 with native yield backed by Paradigm and Normal Crypto. pic.twitter.com/jDKgc0wInS
— Hanwe (@HanweChang) November 21, 2023
Blur catapulted previous OpenSea by way of NFT buying and selling quantity this 12 months, as {the marketplace}’s enterprise—infused with incentives that encourage folks to commerce—struck a chord with crypto’s JPEG crowd. Nonetheless, Blur signaled in its Season 3 announcement that its upcoming rewards interval will really feel considerably totally different than earlier than, due to the involvement of a brand new Ethereum layer-2 community dubbed Blast.
Introducing Blast: The one Ethereum L2 with native yield for ETH and stablecoins.
We’ve raised $20m from @Paradigm and @StandardCrypto to construct the L2 that helps you earn extra.
Particulars on get early entry on the finish of the thread👇 pic.twitter.com/AYYmK8YFx4
— Blast (@Blast_L2) November 20, 2023
Backed by Paradigm, Normal Crypto, and different buyers, Blur mentioned its Season 3 will probably be “powered” by Blast, and that Blur’s neighborhood could be airdropped “REDACTED” in Might 2024 when the brand new season ends. Blast, which touts a local yield on sure tokens like Ethereum and stablecoins, introduced on Twitter Tuesday that it has raised $20 million.
Moreover, Blur is shaking up its reward construction. {The marketplace} mentioned those that deposit BLUR into the platform will obtain 50% of the season’s rewards this time round.
NFT Dealer Admits Nabbing $1.5 Million in Ethereum After ‘Elizab.eth’ Will get Rekt on Blur
Punk9059, the pseudonymous director of analysis at NFT startup Proof, gave a shoutout to at least one Blur dealer who turned a beginning fund of 2-3 ETH (at the moment $3,950 to $5,925) right into a $83,100 airdrop, noting the individual, @ESK_NFT on Twitter, “hustles like loopy” on the platform.
I gotta hand it to @ESK_NFT — he used simply 2-3 ETH to farm Season 2 and managed to show it into an $83,100 drop. Enormous W for somebody who hustles like loopy. Created a Discord group sharing his secrets and techniques & instruments within the course of.
— NFTstats.eth (@punk9059) November 21, 2023
All through Blur’s Season 2, fashionable NFT collections such because the Bored Ape Yacht Membership got here underneath stress as some merchants sought to maximise their airdrop. For instance, notable dealer Jeffrey Huang, often known as Machi Large Brother, bought greater than 50 Apes over a few days.
In keeping with the aforementioned Dune dashboard, Huang’s Season 2 airdrop comprised 6 million BLUR, price round $2 million. And, levying expletives in opposition to Blur and its co-founder, Tieshun Roquerre, after its Season 2 closed, it seems Huang could have been disillusioned along with his eventual haul.
Fuck @blur_io and @PacmanBlur
— Machi Large Brother (@machibigbrother) November 21, 2023
“Fuck [Blur] and [Roquerre],” he tweeted.
Edited by Andrew Hayward
