NFT market Blur has launched its indispensable-awaited airdrop for traders who migrated to the platform from rival marketplaces.

In a Twitter put up on Monday, Blur introduced the opening of its “care applications” which went survive Feb. 14 at noon Jap Time.

The care applications signify token allotments to eligible users, allotted in three installments. The major wave used to be airdropped to Ethereum NFT traders who converted to Blur’s platform from every other NFT market in October, the 2nd wave used to be to users who listed their NFTs on Blur by draw of November and the third wave used to be to traders who faded Blur to reveal on NFTs.

The airdrop itself used to be pushed abet two weeks, with Blur tweeting on Jan. 19 that the prolong would allow it to “bring a open that hasn’t been carried out earlier than.”

Blur equipped 360 million tokens by draw of the airdrop, of which nearly 270 million BLUR tokens maintain already been claimed. Per the brand new circulating supply, BLUR now has a market cap of over $200 million.

Some traders made a indispensable quantity from the providing, with the tip claimant earning $1.9 million from the three.2 million BLUR tokens he bought. Curiously, on the opposite hand, diagnosis of pockets exercise between the tip claimant’s pockets and the 2nd and third finest claimants screen a sequence of interactions that may well per chance seemingly imply a coordinated effort to govern the system.

The BLUR token temporarily spiked to a high of $5.02 after it used to be unlocked, however has since misplaced 85% of its rate.

The OpenSea rival raised $11 million in seed funding, led by endeavor capital firm Paradigm, abet in March 2022, and is in talks to spice up extra funds at a billion-greenback valuation, in step with a file from The Block.