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.
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.