$BLUR Airdrop Frenzy

What was the top signal?

AuthorAuthor

Von Doom & Gannon Breslin
February 16, 2023

Welcome to The Drop NFT Newsletter. Breaking NFT news, project breakdowns, & artist spotlights - We do the heavy lifting so you don't have to! Join our Discord to win raffles and allow list spots!

gm,

Here is the breakdown of today's newsletter:

💰 $BLUR Drop Frenzy📈 What was the top signal?

  • Today is the FREE mint day for our sponsor VCX's Gen 2 mint, public sale is at 2 PM EST but if you join their discord now HERE and open a ticket saying The Drop sent you will get on the allow list!

  • Well-known NFT collector Cozomo de’ Medici (who many believe to be Snoop Dog) recently donated some NFTs to the Los Angeles County Museum of Art. (@CozomoMedici)

  • In what appears to be a public stunt, a BAYC owner burns his $169k Ape to have it permanently inscribed on a Bitcoin ordinal. (DC)

  • Blur has almost 80% of their tokens claimed in less than 24 hours, with the price still on the rise. (@blur_io)

  • Paris Hilton is hosting a dating show inside The Sandbox metaverse. (DC)

  • Metamask warns users of a new phishing attack going on within their wallet. (@MetaMask)

  • Poolsuite's sneak peek announcement had many on Twitter buzzing. Check out the graphics for what's to come here.

$BLUR Drop Sends Space Into Frenzy 💰

The only thing on people’s minds this week has been one word: Blur. For quite some time now, Blur has been collecting data on their platform’s users, negating wash trading, and has now released a token claim.

💡 What is Blur?Blur began as a platform for NFT traders. It’s a marketplace with a dashboard that shows you everything that you need to trade the NFT market in real-time, aggregating listings from different marketplaces and also showing you live order book data (listings and sales). The platform also gives you the ability to set up options, such as gas limits. If you are a trait sniper that usually partakes in gas wars, all you have to do is set one of the options to a high gas limit. When you go to make a transaction, MetaMask will automatically change the max gas limit to the one you specified on Blur. It’s very thought out, and as advertised, it’s for the trader that wants everything on one screen.

💡 What was the $BLUR drop about?Just like the $LOOKS token claim, this one has been quite large. Some users reported getting over 10,000 $BLUR, which has a value of approximately $11,500 at the time of writing. But this should come as no surprise due to the fact that about $1.2 billion of volume traded on the platform since its inception. Not only was it unexpected, but people were keen to claim their tokens early. At around 8 pm on the day of the claim, approximately 80% of all 360 million tokens available had already been claimed, with the price hovering between 70 and 80 cents. That means that a majority of the selling pressure had already wavered off, less than 12 hours after the claim started.

Exchange Listings… All major exchanges have listed Blur as a tradeable asset. Kraken. Coinbase. Bybit. The only major one left is Binance, which as of yesterday, still had not listed the Blur token on their platform.

💡 The DropOpenSea, the godfather of NFT marketplaces, has never released a token. On the other hand, Blur, the newest entrant into the market, not only surpassed the daily volume of its main competitor on more than one occasion but also released claims that are part of a bigger roadmap. Season 2 promises more reward campaigns, which give users who bid and list on Blur priority. They are taking the approach of being a platform for traders, while also giving back to those who are most loyal. That’s what decentralization is all about. It’s a loop, which causes funds to find their way into other assets. WAGMI.

What was the top signal? 🏔️

Over the past couple of weeks, there have been several iterations of this post but by far this one sums up the numerous events that transpired around over a year ago that were definitely top signals of the market.

Sponsored Content: This post was sponsored by VCX. Join their discord HERE for their free mint happening today!

Did you enjoy today's newsletter?

(don't be afraid to send an email with a full response back)

Login or Subscribe to participate in polls.

Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.

Follow the team:

Want to advertise your brand to 24,000+ readers or get your project featured?

Check out forms on our website here.