{"id":1964765,"date":"2023-02-18T13:39:14","date_gmt":"2023-02-18T18:39:14","guid":{"rendered":"https:\/\/platoaistream.com\/plato-data\/nft-market-gets-a-boost-from-400m-blur-airdrop\/"},"modified":"2023-02-18T13:39:14","modified_gmt":"2023-02-18T18:39:14","slug":"nft-market-gets-a-boost-from-400m-blur-airdrop","status":"publish","type":"station","link":"https:\/\/platoaistream.com\/plato-data\/nft-market-gets-a-boost-from-400m-blur-airdrop\/","title":{"rendered":"NFT Market Gets A Boost From $400M Blur Airdrop"},"content":{"rendered":"
Trading Volumes On Paradigm-backed Marketplace Surpass OpenSea<\/p>\n<\/div>\n
Blur, currently the largest NFT marketplace on Ethereum as measured by trading volume, took a critical step toward decentralization this week, sending its users newly minted governance tokens that will give them a say in the protocol\u2019s direction.<\/p>\n
The BLUR airdrop rewarded active NFT traders and comes as a welcome stimulus package to an industry that has suffered a steep year-over-year decline in trading activity.<\/p>\n
BLUR has a total supply of 3B tokens, of which 360M, or 12%, were claimable by eligible users on Tuesday. As of Wednesday night, New York time, BLUR was trading at $1.15, valuing the airdropped tokens at more than $400M. <\/p>\n
So much free money hasn\u2019t been distributed by a crypto protocol since Layer 2 network Optimism launched its OP token<\/a> in April 2022.<\/p>\n