Airdrops. Newly minted millionaires. Market-moving news.
Yesterday was a $BLUR.
Despite a bumpy rollout, Blur's airdrop was a success and contained a few surprises for the market.
Here are the biggest takeaways from the drop 👇
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US citizens found out they weren't *technically* allowed to claim their tokens.
There is a workaround if you're using a VPN, but traders weren't happy that Blur had omitted this tiny 🤏 little detail in their marketing.
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Blur announced that all bidding + listing points will be doubled through 3/14.
Some traders speculated that everyone would pull their bids after the airdrop (causing the market to tank).
Instead, Blur doubled down on their incentives.
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Price action was volatile as the token started trading (were you expecting anything else?).
No one knows how $BLUR will trade over time, but history provides some clues:
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The most dedicated airdrop farmers became newly-minted Blur millionaires:
The largest BLUR airdrop farmer has received 3.2M BLUR, worth about $1.9M at current prices
There are about 25 single-wallet BLUR millionaires thus far including:
-MachiBigBrother
-SpaceNFT.eth
-Gamoor.eth
-Linshan.eth
-gege.eth
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And as traders cash in on their airdrop, we're seeing that liquidity flow into NFTs:
god i love nft degens
this address:
- claimed their blur airdrop
- swapped for eth
- immediately swept beanz at 155 gwei
never change
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For context, here's how liquidity Blur just brought into the market:
Based on current $BLUR prices, the airdrop put more liquidity in the hands of the community than the total value of most of our biggest projects
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While the market is grateful for this bear market stimulus, not everyone is happy with how Blur is doing business.
Questions arose around Blur's possible move to remove royalty-enforcement on their platform.
When Blur built the backdoor to new project listings via Seaport, they said they would enforce full royalties on the new projects.
They silently just removed that (during the airdrop).
Projects like A KID Called BEAST and Sewer Passes are down to 0.5% minimum.
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In turn, this has prompted certain projects to rethink their take on the bidding system.
Tap into Blur's extra liquidity, or enforce royalties?
Checks just turned back on
@blur_io
bidding this AM.
thought this would be an interesting discussion to have publicly
have been asked multiple times this am to switch blur bidding back on for the editions
checks collectors, wdyt?
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That's a wrap for our $BLUR recap!
What were your biggest takeaways from yesterday? New news today? Anything we missed?
Let us know in the comments below 👇
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@overpricedjpegs
Look. Fact is,
@carlypreilly
and the
@overpricedjpegs
team are the best in the biz. Stellar coverage as always 🌹
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@overpricedjpegs
So much money just injected into the market
Yesterday was insane, but really a very needed positive day for web3
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