Optimism’s fourth airdrop distributed nearly $41m in tokens

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Layer 2 community Optimism unveiled its fourth airdrop, concentrating on web3 artists with a beneficiant distribution of over 10 million OP tokens, valued at roughly $40.8 million.

The initiative goals to honor artists who’ve introduced creativity to the blockchain, recognizing their contributions as essential to the Optimism Collective’s ecosystem. In accordance with an official statement, 22,998 recipients have till Feb. 13, 2025, to assert their tokens.

“A terrific society wants artists,” Optimism said on its claim page. “This airdrop serves as an appreciation for the artists and their functionality to infuse creativity into the blockchain. Your efforts are essential to the success of the Optimism Collective.”

The eligibility standards for the airdrop had been based mostly on NFT artwork creation on the Ethereum (ETH) mainnet or Optimism’s Superchain between Jan. 10, 2023, and Jan. 10 this 12 months.

Rewards had been calculated on the recognition of an artist’s NFTs, decided by the fuel charges incurred throughout minting or buying and selling actions. As an illustration, producing 1 ETH price of fuel on the Superchain may earn a creator 5,000 OP, with a cap of 6,000 OP per deal with.

Moreover, token allocations may see a 50% improve or a one-and-a-half instances multiplier for creators assembly particular bonus standards, reminiscent of early contract creation or vital post-launch exercise.

The most recent airdrop follows three earlier distributions, with the newest prior occasion in September 2023 disbursing 19.4 million OP tokens.

Optimism has introduced plans for future airdrops, with roughly 560 million OP tokens nonetheless allotted for such occasions. The continued technique, as shared on social media platform X, goals to refine reward mechanisms and encourage optimistic contributions throughout the Optimism community.

As of Feb. 20, the OP token is buying and selling at $4.08, a slight improve over the previous 24 hours. The token’s circulating provide stands at 957.4 million, out of a complete provide of 4.3 billion, showcasing a rising position within the Optimism ecosystem and broader web3 group.

Optimism's fourth airdrop distributed nearly $41m in tokens - 1
24-hour chart of OP

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