BLUR, The native token of the popular NFT marketplace Blur, has seen its value grow by 35% over the past 24 hours. The rally comes after the team behind the NFT trading platform announced it had completed the most-anticipated “Season 2 Aidrop” of the BLUR token. Moreover, leading crypto exchange Binance fueled the rally further after listing the token earlier today.
According to data from CoinGecko, BLUR is valued at $0.63109 as of this writing. The crypto asset is up 83% over the past seven days and has surged 144% this year.
The first season of BLUR airdrop happened in February 2023. The latest round has seen over 300 million tokens worth $184 million distributed to Blur users based on their trading activity over the past few months. Notably, one user claimed more than 22.8 million tokens worth approximately $14.1 million at press time.
Exploring Blur
Blur was launched in October last year. The NFT marketplace managed to overtake market leader OpenSea in February after carrying out its first airdrop. That month, Blur averaged $450 million in weekly trading volume, while OpenSea processed trades worth around $105 million weekly.
However, Blur users were accused of washing trading as they attempted to increase their chances of receiving more Blur tokens.
Meanwhile, Blur has announced a different approach to its Season 3 Airdrop. The NFT marketplace says BLUR will be issued on the Ethereum scaling solution Blast in the coming season, which is expected to happen in May next year.
In addition, Blur reveals that NFT traders who would have collected the most Blur Points will receive half of the Season 3 rewards. To get such points, a trader has to bid, list, and lend NFTs on the BLUR.io platform.
Blast Raises Over $20 Million in Latest Funding Round
Blast, the new blockchain that offers yield on crypto assets, including stablecoin and Ethereum, is already attracting investors. Earlier this week, the project announced on X that it had raised over $20 million from prominent investors like Standard Crypto and Paradigm. Blast said it will use the funds to continue building the blockchain to help users earn more.
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