The Big Blur Airdrop & How To Get Free Money By Being An NFT Degen
Don't miss out on the next airdrop by being lazy anon
Gm my fellow degenerates.
Today we’re going to talk about the Blur Airdrop that happened 2 days ago and how you can make sure that you’re on the list for the next time they decide to drop free money from the sky.
Let’s get started.
What is BLUR?
Blur is an NFT marketplace built for degens.
They launched late last year to great fanfare with a sleek design, promise of an airdrop in the future and (most importantly) the ability to buy/sell/trade with 0% royalties. (Royalties have since been changed to 0.5% minimum)
The main collection trading page looks like this:
There’s a lot of things that Blur did right from the beginning (and continues to do) but we’re not here to talk about all of that.
We’re here to talk about the Blur Airdrop and how YOU can get your hands on some of that sweet, sweet, free cashola.
The Blur Airdrop
The blur airdrop dropped approximately 12% of the supply of $BLUR tokens on 2/14/23, to degens that had actively participated in their ecosystem.
It was rolled up into 3 phases from about Sept/Oct 22’ - Feb 23’
Phase 1 was simple.
If you bought/sold a lot of NFTs over the past 6 months prior to Blur launching you got “loot boxes”. (This is where about 40% of my blur came from)
Phase 2 was smart.
If you listed NFTs on blur you got points. If you listed NFTs on Blur CHEAPER than you listed NFTs on other exchanges you got more “loot boxes”. (This is where 60%+ of my blur came from)
Phase 3 was genius.
If you put active bids on NFTs on blur, then you got more points. The closer to the floor price your bids, the more points you got. More points = more loot boxes = more $blur.
Phase 3 was where the “farming” bids for blur came from that propped up the entire NFT market from November - February.
People were placing bids on any/every collection on Blur in order to rack up as many points as possible to increase the amount of $BLUR that they received.
I’m sure you can find many anecdotal stories on Twitter about how people made 10’s or 100’s of thousands of dollars doing this but I will share a personal story about myself and a fren.
The Normal NFT Degen VS. The Blur Farming NFT Degen
I did not play the Blur farming bids mini-game over the past 3 months.
I simply did what I always had done.
I minted NFTs, bought NFTs, and sold NFTs.
Sometimes I did that on Opensea, sometimes I did that on Blur.
To be completely honest, I would sell on Blur for collections that had a really high royalty fee and collections that I felt didn’t deserve that royalty fee.
I would buy on blur more often than Opensea because it was typically cheaper than Opensea.
That was about it.
I didn’t play the bid game at all, and didn’t go about farming $BLUR points.
In the end, I ended up gettin 2,769 $BLUR airdropped to me.
Which at its current price of $1.05, that’s $2,907 of free money for simply doing what I was already doing. Pretty sweet!
My friend Majd on the other hand, he PLAYED the blur bidding game aggressively over the past 3 months.
He went super degen & was very smart about it too.
He took out a loan, and was specifically targeting 1 collection he believed would go up in the medium term, BeanZ.
So he was placing high bids to harvest as many points as possible, and buying/selling BeanZ left and right.
And boy did it pay off.
His airdrop was worth roughly 35,000 $BLUR!
Which at its current price of $1.05 that’s $36,750 of free money for simply playing the game that not too many other people were playing.
He basically 10x’d me for playing the game.
(Oh also, BeanZ is up bigly from when he was buying them, so that’s a big o’ W over there too)
Would you like to get a free $3k - $35k for simply buying/selling NFTs?
Let me tell you how you can do it.
BLUR SEASON 2 HAS BEGUN
Blur is not stupid.
Their airdrop was a massive success and instead of doing a simple staking model like LooksRare did that ended up blowing up in their face, Blur is going to keep doing the thing that works—airdropping free money to degens for using their platform.
And that’s exactly how you are going to capitalize on this.
Season 2 has begun and apparently all points are doubled from now until 4/1/23.
So how do you get Blur Points?
You get Blur Points by:
Bidding/Buying NFT collections
Listing/Selling NFT collections
I found a really good tweet thread that explains everything and the strategy below from someone who earned 72k $BLUR, check it out:
I’m going to give you a little step by step list of things you can do to maximize the amount of $BLUR that you will get in the season 2 airdrop starting TODAY:
Step 1) List ALL of your NFTs
List ALL of your NFTs on Opensea
List ALL of your NFTs on Blur for CHEAPER than you did on Opensea
You gain points by listing your NFTs on Blur.
You gain MORE points by listing your NFTs on Blur for cheaper than you listed them on Opensea.
So, let’s say you want to sell an NFT for… 1 $ETH
The floor price is around .7 right now.
Fair enough.
List the NFT on Opensea for 1.2 $ETH & list the same NFT on Blur for 1 $ETH.
Easy peasy.
(Note: They probably have a factor in place where you need to be within a certain % of the floor price to actually be getting points from the listings, like LooksRare does, but I haven’t confirmed or denied that yet.)
Step 2) Put ETH into the Bidding Pool on Blur & start bidding on NFTs
This step can be conservative or aggressive.
It has the most bearing on how many points you get and it also has the highest risk situation for ability to lose $$$ so be careful here.
The goal is to earn the most amount of points possible by buying the least amount of NFTs possible.
Let’s take a look at the #1 collection on Blur right now “Otherside” for an example.
Here’s how the bidding points breakdown works:
The less people in your (price) bracket, the more points you get
The closer to the floor price or above floor price you are, the more points you get
The more people below your bid, the more points you get
So…
The floor price of Otherdeed is 1.93 $ETH on Blur
Yet there are a lot of bids over floor price.
Why?
Because people are farming those blur points fren!
Also… because people know, if their bid is accepted, that’s OK, because it’s Otherdeed from Yuga, the price will probably stay the same and they can quickly sell it for break even or a small loss or even a gain if they hold it.
Also… the Floor on Otherdeed on Opensea right now is 2.05 $ETH
So if someone accepts your bid for 2 $ETH, you can go over to Opensea and sell it for 2.05 eth immediately.
There is a 7.5% fee on OS, whereas on Blur it’s 0.5% if you crank it down, so you need to factor that in too, but again these people are ok with taking small losses here and there to farm more points.
Again, I highly recommend you read this thread below if you want to get into the real down/dirty of how to farm points on Blur.
And that’s really all you need to know anon.
I expect Season 2 to be longer lasting than Season 1 was.
If we say Season 1 was from October - February; then Season 2 will be at least from February - July.
So you’ve got time.
There’s no need to go crazy over everything right now, especially because this is fresh in everyone’s mind and the FOMO is off the charts.
(According to this chart, you’ve got 2x+ the competition for that $BLUR now anon)
But from now until 4/1 you get 2x points for everything so it’s better to start soon and let it slow simmer until the next airdrop rather than say “oh, I’ll do it later”.
Crypto likes to reward the degens who go out of their way to interact with protocols and actually do stuff.
So don’t be lazy!
Like I said above, the easiest thing you can do that will guarantee you get at least a little bit of the next airdrop is to simply LIST all of your NFTs on BLUR!
Then maybe take a bit of eth, throw it in the pool, and go bid on some collections.
Up to you.
I hope you enjoyed reading this anon, I wrote it quick because I wanted to get over this writers block I’ve been dealing with lately.
Expect more posts coming out on a weekly cadence.
Until then,
Your Fren,
Golem
Welcome back!! And thanks for this write up. I’ve been in NFT hibernation for a while after things died down last fall. This looks like a legit way to get back involved