Over 10.3 million OP tokens, valued at around $42 million, are set to be distributed.
Optimism’s fourth airdrop targets NFT creators.
Posted February 20, 2024 at 4:35 pm EST.
Optimism, a Layer 2 scaling solution for Ethereum, has announced its fourth airdrop, this one uniquely focused on NFT artists and creators within the Ethereum ecosystem. This airdrop aims to acknowledge the creative contributions that NFT artists have made to the Optimism Collective and the broader Ethereum community.
Read More: What Is a Crypto Airdrop? A Beginner’s Guide
Eligibility Criteria:
The airdrop specifically targets creators who have deployed NFT contracts on Ethereum L1, Base, OP Mainnet, and Zora before Jan. 10, 2024. This encompasses a wide array of artists who have been actively engaged in the NFT space. The addresses eligible for the airdrop are 22,998.
Airdrop Details:
- Token Information: The token involved in this airdrop is OP, the native token of the Optimism network.
- Distribution Date: The token is already claimable for those who are eligible.
- Total Amount: The airdrop involves over 10.3 million OP tokens, valued at approximately $42 million.
- Method of Distribution: Eligible participants can claim their tokens through the official Optimism airdrop page.
- Participation Instructions: Creators who meet the eligibility criteria can visit the provided link to claim their airdrop. It’s crucial to use the official link to avoid scams.
What Is Optimism?
Optimism is a Layer 2 scaling solution for Ethereum, designed to enhance Ethereum’s performance by increasing transaction speeds and reducing fees. Utilizing Optimistic Rollups, Optimism processes transactions off-chain and later finalizes them on Ethereum, significantly reducing network congestion and costs. Optimism supports Ethereum’s smart contracts and dapps with minimal changes needed for developers, aiming to improve scalability while maintaining security and decentralization. The OP token, integral to its ecosystem, plays a key role in governance and network incentivization.
Read more: Starknet Token Distribution Goes Live
Risks and Considerations:
For informational purposes only. Participants should be aware of the risks associated with airdrops, including market volatility, regulatory changes, and the inherent risks of the crypto market. Nothing contained herein is intended as financial or investing advice, and due diligence and research into OP’s fundamentals are advised before participating, because investments in financial assets including cryptocurrency are speculative, illiquid, and involve a high risk of loss.
