Optimism Announced Fourth Airdrop of over 10M $OP Token

Reported by The Block, Layer 2 network Optimism announced its fourth airdrop, which focuses on rewarding web3 artists.

The airdrop disseminated 10,343,757.81 OP, worth roughly $40.8 million, to 22,998 addresses, according to an official release. Users have until Feb. 13, 2025 to claim the tokens.

"A great society needs artists," Optimism wrote in an airdrop claim page. "This airdrop is a thank you to the artists and their ability to bring creativity onchain. Your contributions play a vital role in the Optimism Collective."

Users who created NFT art from Jan. 10, 2023 to Jan. 10, 2024 on the Ethereum mainnet or Optimism's Superchain, an interconnected series of Layer 2 networks, were eligible for the airdrop.

The airdrop rewarded NFT creators based on how much gas other users spent while minting or trading their NFTs; the more popular the NFT project, the more rewards the NFT creator is eligible for. A user's NFTs causing 1 ETH worth of gas on Optimism's Superchain netted the individual 5,000 OP, and accruing 1 ETH of gas on the Ethereum mainnet gave them 50 OP. Final rewards maxed out at 6,000 OP ( about $23,640) per address.

Token allocations for users could be increased by 50% or multiplied by 1.5 through bonus eligibility, which includes creating an NFT contract before Jan. 10, 2023, having an NFT they created transferred after Nov. 11, 2023, being active on the Superchain since Nov. 11, 2023 or if collectors spent more than 0.0005 ETH to transfer one of their NFTs since July 14, 2023. The extent of the increase depends on the number of qualifying bonus activities.