{"id":176058,"date":"2023-10-18T00:14:50","date_gmt":"2023-10-17T18:44:50","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176058"},"modified":"2023-10-18T00:14:50","modified_gmt":"2023-10-17T18:44:50","slug":"blur-season-2-to-end-in-november-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blur-season-2-to-end-in-november-crypto-news\/","title":{"rendered":"Blur Season 2 To End In November – Crypto News"},"content":{"rendered":"

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Arca Calls For Leading NFT Marketplace To Enable Trading Fees As BLUR Token Continues To Slide\n<\/p>\n

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Blur, the leading NFT marketplace by volume, is set to end its Season 2 airdrop campaign on November 20, nine months after launching the open-ended program.<\/p>\n

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Blur incentivizes bidding, listing, and lending against NFTs on its platform with BLUR tokens, and its inaugural airdrop campaign was highly effective in capturing market share from then-leading marketplace OpenSea.<\/p>\n

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Weekly NFT Market Share (Blur in Orange)<\/figcaption><\/figure>\n

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While praised by traders for boosting liquidity for popular NFT collections amid the bear market, the marketplace has faced criticism<\/a> from collectors for leaving floor prices at the mercy of large farmers looking to maximize their points with little regard for art or community.<\/p>\n

Meanwhile, the BLUR token is down more than 90% from its all-time high, which came shortly after the token launched in February.<\/p>\n

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BLUR Price<\/figcaption><\/figure>\n

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Arca Proposes Activation Of Fee Switch<\/h2>\n

Digital asset management firm Arca has floated a proposal<\/a> urging the activation of the Blur fee switch, meant to enhance the utility of the BLUR token.<\/p>\n

When the BLUR token was initially released, its tokenomics included a 180-day freeze on governance voting and the implementation of a fee switch on the platform.<\/p>\n

With the freeze at an end, Arca is now calling for the marketplace to start charging a 1% base fee on trades, which would be used to buy and burn BLUR. The proposal also includes tiered fee discounts for traders based on the BLUR holdings.<\/p>\n

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