The Blur token jumped 33% after news that rival NFT marketplace OpenSea 50% of its staff were laid off.
Over the three weeks preceding the event, the asset rose by 80%, according to CoinGecko. At the time of writing, the daily growth rate had cooled to 12.8%.
According to The Block, Blur undermined the former leader’s position by introducing a ‘minimal royalty of 0.5% in combination with attractive airdrops and incentives to participate in trading’.
As noted, the second-season airdrop will begin on November 20, with a distribution of more than 300 million BLUR.