By Curtis Dye
The newly launched NFT marketplace Blur made the news on Tuesday that it will soon airdrop more tokens to its most dedicated clients. The total value of these tokens is estimated to be about $300 million. Traders will reportedly get access to this airdrop at some point during “Season 2” of the platform, which has already begun.
Royalty score + number of users` NFTs will be used
For determining the total amount of BLUR tokens that a user will get in the case of a future airdrop, the loyalty score of the user along with the number of NFTs that the user specifies will both be taken into consideration.
In Season 2, users are claimed to be rewarded a loyalty score of 100% if they do not have any other listings anyplace else. Users of Blur now have the chance to erase their listings on third-party sites and get their loyalty score up to 100% in a single step thanks to a new option on the platform called maximum loyalty.
Also read:With the new loyalty system that has been put into place, a user’s chances of receiving more BLUR may be increased by even the little of their activities, if they want to do them. On Tuesday, the company conveyed the idea that even just mentioning its Twitter message introducing Season 2 may raise a user’s loyalty score.
Firms drop NFT marketplace fees
It is vital to keep in mind that OpenSea removed its own 2.5% marketplace fees for a “limited duration” last week. These fees were the primary source of revenue for the firm.
It is likely that Blur’s meteoric ascent to fame and the lack of any marketplace fees were the driving forces behind this choice. As a direct consequence of this alteration, the creator royalty protections that had previously served as a hallmark of the NFT company have been weakened. These protections have in the past ensured that artists would be subject to a royalty payment, often ranging from 5 to 10 percent of the proceeds from the secondary sale of NFTs.
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