The lack of emblem for completing Master of All is a let down. Other then bright dust, there is no real incentive. The emblem was at least something to draw players in.
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I think last season had an emblem award for getting Master of All, or at least 75 of the seasonal challenges. Though you had to log into Bungie Rewards to claim the free emblem, and imo it wasn’t a very appealing emblem. I’m surprised they didn’t do that again this season.