Blur Founder Launches New Layer 2 Network Blast, Raises $55 Million Within Hours
Blast, the inaugural Ethereum Layer 2 platform to introduce a built-in yield model, has gone live in an “early access” mode....
- Blast, Ethereum's latest Layer 2 network, has launched in "early access" mode.
- The platform aims to address the speed, cost, and scalability issues faced by Ethereum's Layer 1 blockchain.
- Blast has introduced a built-in yield model, offering users a 3-4% return through ether staking and 4-5% return for stablecoins.
- Users can also earn rewards in the form of "Blast Points."
- Entry to the Blast network is currently invite-only, with full access expected in February.
- Tieshun "Pacman" Roquerre, founder of the NFT marketplace Blur, is the creator behind Blast and aims to make it the "Binance of NFTs."
- Roquerre has secured an additional $40 million in funding for the development of Layer 2 applications for NFTs.
The article generally presents positive news about the launch of Blast, Ethereum's Layer 2 network, and its built-in yield model. The involvement of prominent figures and the potential benefits for users and the NFT ecosystem contribute to the positive sentiment.