- Blur, an NFT marketplace, airdropped over $8 million worth of tokens to a prolific trader named Hanwe for Season 2 rewards
- For Season 3 rewards, Blur is changing structure to give 50% to traders depositing tokens and integrating Blast, their new layer-2 network for yields
- The massive Season 2 airdrop sparked reactions – some traders profited hugely, but others like Jeffrey Huang were frustrated despite big investments on the platform
Blur, an NFT marketplace, recently concluded its Season 2 rewards program by airdropping over $8 million worth of tokens to one prolific trader. The trader, known pseudonymously as Hanwe, received 2,285 BLUR tokens from Blur’s 300 million token rewards pool.
The Lucrative Season 2 Rewards
Hanwe’s airdropped tokens were initially valued at $7.3 million when claimed on Monday. However, as the value of Blur’s token has risen over 8% in the past day, his haul is now worth over $8.4 million. Hanwe received the largest share out of all traders in Blur’s Season 2 rewards.
On Twitter, Hanwe expressed excitement over the airdrop, saying “It’s time to BLAST OFF!” He also noted that Season 3 is starting now, powered by Blast, an Ethereum layer-2 network.
Changes Coming in Season 3
For Season 3, Blur is changing up the rewards structure. Traders who deposit BLUR tokens into the platform will receive 50% of the season’s rewards. Additionally, Season 3 will involve Blast, Blur’s own layer-2 network built to offer native yields on assets like Ethereum.
Blur Raises $20 Million for Blast
Backed by major investment firms Paradigm and Standard Crypto, Blur announced it has raised $20 million to build Blast. The layer-2 network will help users earn more yields on their crypto assets. When Season 3 concludes in May 2024, Blur also plans to airdrop tokens from Blast to its community members.
Reactions to the Massive Airdrop
The eye-popping Season 2 airdrop to Hanwe captured attention across Crypto Twitter this week. Another trader with the username ESK_NFT turned an initial investment of 2-3 ETH into an airdrop worth over $83,000, demonstrating major profits can come through hustling on Blur’s platform.
However, some traders expressed frustration over their Season 2 rewards. Jeffrey Huang, known as Machi Big Brother, sold over 50 Bored Ape NFTs to maximize his potential airdrop, yet still walked away disappointed. “F*** Blur and Roquerre,” he tweeted angrily after Season 2 ended.
With changes coming to its rewards structure and a new layer-2 network getting integrated, Blur’s Season 3 promises to further disrupt the NFT trading landscape. The Season 2 airdrop shows that profits can be life-changing for savvy traders on the platform. However, as some angry reactions show, Blur’s incentives model doesn’t work for everyone.