NFT Trader Makes $11M in Airdrop Rewards
A pseudonymous NFT trader earned around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur.
Blurs’ End-of-Season Airdrop Strategy
Blur employs the end-of-season airdrop strategy to attract traders to use its platform. Rewards vary depending on usersβ activities within the NFT trading platform. The rewards pool in the most recent airdrop was of 300 million tokens worth $146 million at current BLUR prices.
Unsatisfactory Airdrop Rewards
Not everyone is satisfied with the Blur rewards received at the end of the season. NFT whale Jeffrey Hwang, known as Machi Big Brother, cursed at Blur after receiving 6 million tokens worth around $2.9 million.
Competitor Clash & Zero Fees Implementation
Blur surpassed OpenSea in daily Ether (ETH) trading volume, prompting OpenSea to implement a 0% fee structure to win back its user base from its competitor.
Hot Take
The NFT marketplace Blurβs airdrop rewards at the end of its seasons has resulted in a pseudonymous NFT trader earning a significant amount of money. However, not all participants are happy with the rewards they’ve received, and intense competition with other platforms is prompting significant shifts in the NFT market landscape.
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