Blur's Season 2 Airdrop: Trader Walks Away with $8.4 Million Worth of Tokens

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Blur's Season 2 Airdrop: Trader Walks Away with $8.4 Million Worth of Tokens

One trader receives over $8.4 million worth of BLUR tokens from NFT marketplace Blur's Season 2

Blur's Season 3 to be powered by Ethereum layer-2 network Blast with new rewards structure

2023/11/21 (Nov 21st, 2023 8:36 pm)

Decentralized Identity with Ethereum Name Service

To assign a human-readable name to their wallet, the trader utilized the Ethereum Name Service. This new feature made it easier for traders to interact with their wallets and receive tokens. Hanwe received the largest share of rewards among all participants in Season 2.

“I just received 22,851,000 $BLUR from @BLUR_io’s Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only L2 with native yield backed by Paradigm and Standard Crypto,” the trader tweeted.

Blur has gained significant momentum this year, surpassing OpenSea in terms of NFT trading volume. The marketplace, known for its incentive-driven approach, has resonated with the crypto community. However, Blur’s Season 3 will introduce a new Ethereum layer-2 network called Blast, backed by Paradigm and Standard Crypto.

Blast: The Ethereum L2 with Native Yield

Blur’s Season 3 will be powered by Blast, an Ethereum layer-2 network. Notably, Blast has raised $20 million in funding from Paradigm and Standard Crypto. The network aims to provide its users with native yield for tokens like Ethereum and stablecoins.

As part of the changes for Season 3, Blur is shaking up its reward structure. Traders who deposit BLUR into the platform will now receive 50% of the season’s rewards, offering new opportunities for earning.

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Punk9059, the director of research at NFT startup Proof, acknowledged the success of a trader on Blur’s platform. This trader managed to turn a starting fund of 2-3 ETH into an $83,100 airdrop. ESK_NFT, as the trader is known on Twitter, was commended for their dedication to the platform.

“I gotta hand it to @ESK_NFT — he used just 2-3 ETH to farm Season 2 and managed to turn it into an $83,100 drop,” Punk9059 tweeted.

During Blur’s Season 2, popular NFT collections, such as the Bored Ape Yacht Club, faced pressure as traders looked to maximize their airdrops. For example, Jeffrey Huang, also known as Machi Big Brother, sold over 50 Apes within a few days.

According to the Dune dashboard, Huang’s Season 2 airdrop consisted of 6 million BLUR tokens, valued at approximately $2 million. Huang expressed frustration and levied expletives against Blur and its co-founder, Tieshun Roquerre, after Season 2 ended.

“Fuck [Blur] and [Roquerre],” Huang tweeted.

Expert Analysis

ETH Bulls Unleashed: Seizing Lucrative Opportunities Amidst Rising Adoption and Innovation

John Smith

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Insightful Analysis: Bullish Impact of ETH

The recent news surrounding ETH and the Ethereum ecosystem indicates a bullish sentiment for the cryptocurrency. The involvement of Ethereum Name Service and the introduction of Blast, an Ethereum layer-2 network, highlight the growing adoption and innovation within the Ethereum ecosystem.

Ethereum Name Service (ENS) allows traders to assign human-readable names to their wallets, enhancing user experience and accessibility. This development simplifies wallet interactions and token receipt, which could lead to increased user engagement and utilization of ETH and other tokens on the Ethereum network.

Blast, the layer-2 network powering Blur's Season 3, has received significant support from high-profile investors, including Paradigm and Standard Crypto, as evidenced by its $20 million funding. Blast aims to provide users with native yield for tokens like Ethereum and stablecoins, offering an additional avenue for holders to earn rewards and potentially increase demand and utility for ETH.

Blur's incentive-driven approach and success in terms of NFT trading volume, surpassing OpenSea, further reflects the favorable market sentiment towards ETH. The platform's reward structure shake-up, with 50% of the season's rewards now going to traders who deposit BLUR, introduces new earning opportunities and incentivizes stakeholder engagement.

Capitalizing on these developments, traders like ESK_NFT, who turned 2-3 ETH into an $83,100 drop during Season 2, showcase the potential for high returns and profitability within the Ethereum ecosystem.

The bullish impact of these recent developments in the Ethereum ecosystem suggests increased adoption, utility, and growth potential for ETH. Traders and investors may find these factors compelling as they evaluate their trading strategies and investment decisions.

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What is the Ethereum Name Service (ENS)?

The Ethereum Name Service (ENS) is a decentralized domain name system built on the Ethereum blockchain. It allows users to assign human-readable names to their wallets, making it easier for them to interact with their wallets and receive tokens.

What is Blur and how does it work?

Blur is a marketplace known for its incentive-driven approach in the NFT space. It offers a platform for NFT trading and rewards participants with BLUR tokens. Users can deposit BLUR tokens into the platform to earn rewards and participate in airdrops.

What is Blast and how does it relate to Blur?

Blast is an Ethereum layer-2 network that will power Blur's Season 3. Backed by Paradigm and Standard Crypto, Blast aims to provide native yield for tokens like Ethereum and stablecoins. It will introduce a new network for Blur's users to interact with.

What is the new reward structure for Blur's Season 3?

In Season 3, Blur is changing its reward structure. Traders who deposit BLUR into the platform will now receive 50% of the season's rewards, offering new opportunities for earning.

Who is ESK_NFT and what did they achieve on Blur's platform?

ESK_NFT is a trader on Blur's platform who managed to turn a starting fund of 2-3 ETH into an $83,100 airdrop during Season 2. They were commended for their dedication and success on the platform.