A pseudonymous nonfungible token (NFT) dealer made round $11 million within the latest airdrop reward distribution performed by the NFT market Blur.
Dune analytics knowledge confirmed {that a} pockets with the Ethereum Title Service (ENS) tag referred to as “hanwe.eth” claimed a complete of twenty-two,851,000 Blur (BLUR) tokens within the season 2 airdrop of Blur. On the time of writing, coin worth tracker CoinGecko confirmed that the quantity is price round $11.2 million.
It is time to BLAST OFF. I simply obtained 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
The top-of-season airdrop is likely one of the methods employed by Blur to draw merchants to make use of its platform. Blur rewards those that traded NFTs on the platform on the finish of every season.
The rewards range relying on customers’ actions throughout the NFT buying and selling platform. In the latest airdrop, Blur allotted a complete reward pool of 300 million tokens price $146 million at present BLUR costs.
Round 38,000 addresses have already claimed their rewards, placing the overall variety of claimed tokens at 267 million. Nevertheless, not everyone seems to be glad with the Blur rewards obtained on the finish of the season.
Fuck @blur_io and @PacmanBlur
— Machi Huge Brother (@machibigbrother) November 21, 2023
NFT whale Jeffrey Hwang, generally often known as Machi Huge Brother, cursed at Blur after receiving 6 million tokens price round $2.9 million. On Feb. 25, Hwang offered 1,010 NFTs in 48 hours in what some think about the most important NFT dump ever. Nansen’s Andrew Thurman mentioned it could possibly be “one large wash commerce” to generate income by means of the Blur airdrop, as Hwang virtually instantly purchased again 991 of the NFTs.
Associated: NFT gross sales quantity jumps to $129M in November — Nansen knowledge
Blur surpassed OpenSea in each day Ether (ETH) buying and selling quantity earlier this yr. On Feb. 18, OpenSea was prompted to implement a 0% payment construction to win again its person base from its up-and-coming competitor.
Journal: British artist Damien Hirst makes use of NFTs to blur the boundaries between artwork and cash
