Blinkroot

Blinkroot was introduced in the 1.0.5 patch.

It appears as a cluster of pulsing, grey and yellow fungus. It grows in natural caverns underground and can be cut with virtually any weapon or tool. There is also the chance of Blinkroot Seeds dropping when a Blinkroot is cut.

Blinkroot is an ingredient in a wide variety of alchemy Potions*:

Swiftness Potion - 1x Blinkroot, 1x Bottled Water, 1x Cactus

Featherfall Potion - 1x Blinkroot, 1x Bottled Water, 1x Feather, 1x Daybloom

Spelunker Potion - 1x Blinkroot, 1x Bottled Water, 1x Moonglow, 1x [Gold Ore]]

Invisibility Potion - 1x Blinkroot, 1x Bottled Water, 1x Moonglow

Night Owl Potion - 1x Blinkroot, 1x Bottled Water, 1x Daybloom

Hunter Potion - 1x Blinkroot, 1x Bottled Water, 1x Shark Fin, 1x Daybloom

Gravitation Potion - 1x Blinkroot, 1x Bottled Water, 1x Feather, 1x Fireblossom, 1x Deathweed


 * You can see this listing in-game by placing Blinkroot in the Guide's Crafting menu.

A growing Blinkroot plant in an underground cavern :

Blinkroot Seeds :