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Now, with the passage of the spot Bitcoin ETF and the Web3 industry continuing to move closer to the mainstream, has the "blooming era" of the crypto world come to an end?

This piece examines the history and evolution of airdrops, from the ubiquitous airdrops by Uniswap to the selective ones implemented by platforms like Arbitrum. Through an analysis of anti-Sybil strategies, it is highlighted that during the initial phases of airdrops, the airdrop field resembled a form of gambling with good odds. Yet, as the trend of airdrops became more introspective and intensified, anticipated gains steadily diminished.