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

A pseudonymous nonfungible token (NFT) dealer made round $11 million within the latest airdrop reward distribution performed by the NFT market Blur. 

Dune analytics information showed {that a} pockets with the Ethereum Identify Service (ENS) tag known as “hanwe.eth” claimed a complete of twenty-two,851,000 Blur (BLUR) tokens within the season two airdrop of Blur. On the time of writing, coin value tracker CoinGecko confirmed 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 Customary Crypto. pic.twitter.com/jDKgc0wInS

— Hanwe (@HanweChang) November 21, 2023

The tip-of-season airdrop is among 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 differ relying on customers’ actions throughout the NFT buying and selling platform. In the newest 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 full variety of claimed tokens at 267 million. Nonetheless, not everyone seems to be glad with the Blur rewards obtained on the finish of the season. 

Fuck @blur_io and @PacmanBlur

— Machi Massive Brother (@machibigbrother) November 21, 2023

NFT whale Jeffrey Hwang, generally referred to as Machi Massive Brother, cursed at Blur after receiving 6 million tokens price round $2.9 million. On Feb. 25, Hwang sold 1,010 NFTs in 48 hours in what some think about the biggest NFT dump ever. Nansen’s Andrew Thurman stated it might be “one huge wash commerce” to generate income by the Blur airdrop, as Hwang virtually instantly bought back 991 of the NFTs. 

Associated: NFT sales volume jumps to $129M in November — Nansen data

Blur surpassed OpenSea in every day Ether (ETH) buying and selling quantity earlier this 12 months. On Feb. 18, OpenSea was prompted to implement a 0% fee structure to win again its consumer base from its up-and-coming competitor.

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