Proponents of the fee-less wunderkind platform are hailing this as an enormous win for the Blur group, which can be distributed 300 million + BLUR in an upcoming Season 2 airdrop.
The chart beneath reveals the full worth locked (TVL) into Blur earlier than and after the token launch. Two weeks since launch, Blur has risen greater than four-fold in TVL, holding $143.51 million price of Ethereum property on-chain.
The token drop guarantees a rewards program primarily based on loyalty, with Blur dropping what they’re calling “Mythical Care Packages” which can be price 100x unusual care packs.
“Listing rewards will be as large as bidding rewards. Max listing points = listings x loyalty. The more you list, the more you earn. Listing blue chips helps, and listing more active collections helps. Use our listing tools to list by floor price, trait floor, and ladder list.”
Blur added that they’ve set in place protocols for individuals who attempt to benefit from the airdrop.
“Don’t try to game the system. Relisting NFTs at unrealistic prices, sybiling, or listing dead collections won’t help. It’s better to list and bid from the same wallet. Note: listing NFTs that Blur doesn’t support yet on other marketplaces (ie 1155s) won’t affect your loyalty.”
Blur added that this system is designed to reward early adopters and long-term holders of the token and to broaden the general viability of those that are vested in seeing the platform develop and compete with its major competitor, OpenSea.
The corporate has been competing with OpenSea over marketshare. Since Feb. 3 (earlier than $BLUR launched), the platform has contributed extra royalty income to creators than some other market, statistics present.
OpenSea, for its half, was lately compelled to scale back royalties by itself platform, a transfer it had lengthy been hesitant to make and which some analysts now say may sign an existential menace for what was as soon as of the most important, hotly touted, viable Web3 NFT marketplaces on the web.
The present value is $0.86 per BLUR, 38.08% beneath the all time excessive of $1.38. The present circulating provide is 395 million BLUR, whereas web royalty income is at a 3-month excessive.
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