Over the past week, the crypto community has been abuzz with news of a massive migration from OpenSea to Blur. According to recent reports, over 13.6K wallets have switched in just seven days, representing a significant shift in the decentralized marketplace landscape.
Opensea wallets that canceled orders reach 13,600
The wallet addresses that canceled their OpenSea orders reached 13,600, significantly higher than the historical average by a factor of 5 to 6. This surge in cancellations is attributed to Blur’s loyalty program.
The wallet statistics chart. Source: Dune.com
Blur has recently gained significant market share, particularly following its renewed conflict with OpenSea. With its bold stance against OpenSea on February 19th, Blur appears to have taken the lead in the non-fungible token (NFT) industry. As a result, the platform’s trading volume exceeded $100 million in a single day for the first time since April 2022.
On Feb. 14, the Blur NFT trading platform rewarded participants in its airdrop program. The exercise is spread across three phases for the first season and aims to reward users while bootstrapping the new marketplace’s growth and liquidity. The platform made 360 BLUR, the platform’s native token, available for the airdrop program. This number covers approximately 12% of the total BLUR supply.
The implementation process of Blur’s airdrop program differs slightly from what is typically seen. It takes a gamified approach, with users earning rewards through “Care Packages” linked to their loyalty score.
The marketplace has identified four rarity levels for these Care Packages: Uncommon, Rare, Legendary, and Mythical. Users who participate in the airdrop program are categorized based on their actions. Their categorization determines the number of tokens they can receive during the three airdrop phases.
Blur emerges as a leading NFT marketplace
The desire for increased participation in the Blur marketplace and the opportunity to earn airdrop rewards has prompted many NFT users to migrate from other platforms like OpenSea to Blur. This trend is driven by Blur’s advanced trading tools and features, such as zero marketplace fees, optional royalty payments, portfolio analysis, and sweeping and sniping tools for NFT purchases.
Blur is rapidly emerging as a leading NFT marketplace due to its sophisticated features and user-friendly interface. With a growing user base, Blur is poised to become a significant player in the NFT market, offering traders a wide range of tools to facilitate their transactions and maximize their profits.
104 thoughts on “Over 13.6k wallets cancel orders on OpenSea for Blur”
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