Blast and Blur, two crypto protocols founded by Tieshun ‘Pacman’ Roquerre, possess developed a deeper connection.

The Blast Foundation, the nonprofit dedicated to the layer 2 blockchain network on Ethereum, has allocated three billion BLAST tokens to the Blur Foundation, a varied nonprofit steering the route of Blur, an onchain trading platform for non-fungible tokens.

BLAST is trading at 3 cents per pre-market costs on crypto replace Bybit’s over-the-counter platform, making the airdrop allocation to the Blur Foundation on the second valued at $90 million, On condition that BLAST will support as a governance token oldschool to manipulate key parameters of Blast’s blockchain network, the Blur neighborhood including the foundation will act as a key participant in influencing Blast.

Strengthening Ties Between Blast and Blur

In step with a chronicle revealed to X in some unspecified time in the future sooner than Blast’s scheduled airdrop, Blast’s native cryptocurrency can possess a entire supply of 100 billion of which 3% has been earmarked to the Blur Foundation, which is anticipated to distribute these tokens to the Blur neighborhood by its retroactive and future airdrops.

Learn More: What Is Blast on Ethereum? A Beginner’s Data

The Blur crew on X announced that 1% of the entire BLAST supply will doubtless be space apart for traders on the NFT protocol and token holders of BLUR that participated in Season 3. In region of getting a one-and-performed airdrop mechanism, Blur has executed varied airdrop events in a pair of seasons, with Season 3 ending on Wednesday. The closing BLAST allocation to the Blur Foundation is reserved for future exercise and these which are active in Blur’s Season 4.

“It is severe that the BLUR neighborhood holds the [BLAST] token straight away of their wallets for future governance proposals,” wrote the Blur crew.

Blast Taking Off Pre-Airdrop

The chronicle detailing the BLAST airdrop allocation to the Blur Foundation comes as Blast reached an all-time high in daily transactions and active addresses within the previous week moreover a chronicle high in trading quantity on decentralized exchanges on Tuesday, knowledge from blockchain analytics platform Artemis shows.

Additionally, Blast, identified for offering a yield to these who bridge cryptocurrencies to its network, is the sixth largest blockchain with regards to a entire mark locked at $1.65 billion, trailing Arbitrum and Solana however main rival L2 network Atrocious.

Learn More: Blur Launches NFT Perpetual Loan Protocol to Boost Liquidity of NFTs

A Boon for Blur

It comes at a welcome time for Blur, which, delight in any NFT trading platforms, has viewed job tumble vastly since early 2023.

Total weekly trading quantity right by all NFT platforms has fallen from $628 million in Feb. 2023 to $85 million final week, per a Dune Analytics dashboard created by Hildebert “Hildobby” Moulié, an recordsdata researcher at project capital firm Dragonfly.

Despite that, Blur remains a pacesetter in NFTs. In June Blur has viewed its portion of aggregate daily quantity on all NFT platforms grow from almost about Forty five% to about 75%.

Pacman did now no longer straight away reply to Unchained ask for comment