Ethereum trader receives $8.4 million in NFT marketplace Blur rewards
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Someone with the Ethereum wallet address hanwe.eth received an airdrop of 22.85 million BLUR tokens from NFT marketplace Blur, worth over $8.4 million.
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The airdrop was part of Blur's Season 2 rewards for traders, with the top recipient getting the largest share out of 300 million tokens distributed.
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Blur has surpassed OpenSea in NFT trading volume and utilizes incentives to encourage trading activity. It recently announced Season 3 rewards.
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The rewards structure is changing - those who deposit BLUR tokens into the platform will get 50% of next season's rewards.
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Some traders like Jeffrey Huang sold valuable NFTs like Bored Apes to maximize Season 2 rewards, but expressed disappointment at the eventual payout.