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How PAINT Tokens Work
PAINT tokens were designed to be used, not held. Every time someone paints on the MurAll canvas, PAINT tokens are burned. The total supply started at 22 billion and is now down to about 11.5 billion. This deflationary mechanism meant tokens decreased in value as they were used.
The airdrop was exclusive: artists needed verified wallets with sales, collectors needed significant ERC-721 holdings. The snapshot dates were crucial for eligibility.
Back in late 2020, a quiet revolution happened on the blockchain - not with a bang, but with a brushstroke. The MurAll PAINT airdrop gave away millions of tokens to artists and collectors who were already building digital art on platforms like Rarible and SuperRare. It wasn’t just another free token giveaway. It was a bet on something bigger: a single, shared, never-ending digital mural where anyone could paint - but only if they had PAINT tokens. And once you used them? They vanished forever.
Who Qualified for the MurAll PAINT Airdrop?
The MurAll team didn’t hand out tokens randomly. They looked at two groups: verified NFT artists and serious NFT collectors.If you were an artist with a verified wallet on Known Origin, Rarible, SuperRare, or Async Art, and you’d made at least one sale or mint by November 15, 2020, you got 1,048,576 PAINT tokens. That’s over a million tokens - enough to cover thousands of brushstrokes on the MurAll canvas. This wasn’t a small reward. At the time, when PAINT was trading around $0.002 to $0.003, that allocation was worth between $2,100 and $3,300. For many artists, this was more than they’d made in NFT sales that year.
The second group was NFT holders - people who collected digital art, not just made it. To qualify, you had to own ERC-721 tokens and have more incoming than outgoing transactions on your wallet. That meant you weren’t flipping NFTs for quick profits. You were holding. If you met that standard by the snapshot on December 18, 2020, you received 193,537 PAINT tokens. At peak value, that was about $400.
The rules were strict. If you bought an NFT the day before the snapshot, you didn’t qualify. If you weren’t on one of the four approved platforms, you were out. This wasn’t designed to be inclusive. It was designed to reward the early believers - the ones already investing time and money into digital art.
How the PAINT Token Works - And Why It’s Built to Disappear
PAINT isn’t like Bitcoin or Ethereum. You don’t hold it to speculate. You hold it to use it.Every time someone draws on the MurAll canvas, they burn PAINT tokens. That means the tokens are permanently removed from circulation. The more people paint, the fewer tokens exist. The total supply started at 22 billion. As of late 2025, only about 11.5 billion remain. That’s over 10 billion tokens burned.
This isn’t just a gimmick. It’s a core design. MurAll wanted to mimic real paint - you use it, it’s gone. There’s no recycling. No reselling. No hoarding without consequence. If you wanted to contribute to the mural, you had to spend your tokens. That created a natural incentive to use them, not just sit on them.
And here’s the twist: every time you draw, you get an NFT of your artwork. Even if someone else paints over your stroke later, your original piece still exists as a standalone NFT. You can sell it. Frame it. Show it off. The mural changes, but your contribution stays.
What Happened After the Airdrop?
The airdrop landed at the peak of the NFT boom. CryptoPunks were selling for millions. Bored Apes were everywhere. People were buying digital art like it was stock. MurAll rode that wave. The PAINT token hit its highest price in early 2021, briefly touching $0.003.But then the market crashed.
By mid-2022, NFT trading volumes dropped 90%. The hype faded. MurAll didn’t go away - but it didn’t grow, either. Today, PAINT trades at around $0.0000067. That’s a 99.8% drop from its peak. The market cap? Just $77,600. Daily trading volume? Less than $11. All of it happens on Uniswap V2. No exchanges. No media. No buzz.
And yet - the canvas still exists. People still draw on it. Not many. Maybe a few dozen strokes a week. But they’re there. And every time they do, PAINT tokens vanish. The deflationary model still works. The supply keeps shrinking. The question is: does anyone care anymore?
Why the MurAll Airdrop Still Matters
Most airdrops are forgettable. They’re marketing tools. They’re giveaways to get people to sign up for a platform that never takes off. MurAll was different.It was a statement. It said: digital art belongs to everyone. But to participate, you have to contribute - not just collect. You have to spend something real. That’s why it attracted artists, not speculators. The people who claimed PAINT weren’t looking to flip. They were looking to create.
Even today, the MurAll canvas is one of the few places on the blockchain where art isn’t owned by a single person. It’s owned by everyone who’s ever drawn on it. It’s a living archive of digital expression - messy, chaotic, beautiful. And it’s permanent.
The token might be worth pennies now. But the mural? It’s priceless. No one can delete it. No one can censor it. No one can sell it. It just exists - as it always has.
Can You Still Claim PAINT Tokens?
No. The claiming window closed on January 22, 2022. If you didn’t claim your tokens by then, you lost them. There’s no extension. No exception. The MurAll team made it clear: if you missed the snapshot, you missed the chance.That’s why the airdrop is now a historical event. It’s not something you can join. It’s something you can study. And if you’re an artist or collector who was around in 2020, you might still have PAINT tokens sitting in your wallet - unused, forgotten, but still there.
Some people burned theirs right away. Others held on, hoping for a comeback. A few still draw on the canvas every now and then. But for most, the PAINT token is a relic - a reminder of a time when the blockchain felt like a canvas, not a casino.
Is PAINT Worth Holding Today?
If you’re looking for a profitable investment - no. PAINT isn’t going to make you rich. The market is tiny. Liquidity is near zero. The platform has no new features, no marketing, no roadmap.But if you’re an artist who values digital permanence - maybe. If you believe in open, uncensored, collaborative art - then PAINT still has meaning. Holding it doesn’t make you money. But it keeps the mural alive.
There’s no guarantee the canvas will survive the next crypto winter. But as long as even one person can still access it, the MurAll project hasn’t died. It’s just sleeping.
What’s Next for MurAll?
No one knows. The team hasn’t released updates since 2022. There’s no Twitter account. No Discord. No blog. The website still works - you can still draw on the mural - but it feels like a museum exhibit now.Some speculate that if Web3 art makes a comeback - especially with metaverse integration or decentralized identity tools - MurAll could be revived. Imagine being able to walk through the mural in VR, seeing every stroke ever made, tagged with the artist’s wallet. That could be powerful.
But until then, MurAll is a quiet experiment. A digital cave painting. A proof of concept that worked - but didn’t scale.
It’s not a success by traditional standards. But it’s not a failure, either. It’s something rarer: a quiet act of creation that still exists - untouched, uncensored, and unclaimed by anyone trying to profit from it.
5 Comments
Puspendu Roy Karmakar
I still have my PAINT tokens in my wallet. Never burned them, never sold them. Just... kept them. Kinda like a postcard from when the internet still felt magical.
Evelyn Gu
I remember when I first saw the MurAll canvas... it was this weird, beautiful mess of colors and shapes, like someone threw a rainbow into a blender and let it drip across the blockchain... and I thought, wow, this is what art is supposed to be... not just NFTs you flip for profit... but something alive... something that changes... something that doesn’t care if you’re rich or not... just if you care enough to paint...
Komal Choudhary
yo but like... why did they even make it so hard to get tokens? i had like 3 nfts on opensea and got nada... what even was the point??
SARE Homes
This is why NFTs are a joke. You reward artists who made ONE sale? And call it a revolution? Pathetic. The real artists were the ones who spent years grinding, not the ones who got lucky on a snapshot. And now? The token’s worth less than a coffee stirrer. You didn’t build a movement-you built a graveyard with a fancy name.
Rachel Thomas
I told everyone this would fail. No one cares about art anymore. Everyone just wants to get rich. MurAll was cute. But it didn’t have the greed factor. And in crypto? No greed = dead.