Ethereum infrastructure company Blockspace announces establishment and completion of a new financing round
TechFlow reports, on August 4, Blockspace announced its official establishment, positioned as an Ethereum infrastructure company dedicated to improving off-protocol infrastructure and driving demand growth for Ethereum blockspace. This funding round was led by BlueYard, with participation from institutions and individuals including ether.fi Ventures, Quasar Builder, Sharplink, Breed VC, Luganodes, Stakely, and others.
The company's business model is denominated entirely in ETH, earning revenue through operating Ethereum infrastructure and staking, and continuously restaking the revenue to create a flywheel effect. To prevent centralization risks, Blockspace has committed to capping its own ETH holdings at 15% of the total network staked amount.
In addition, Blockspace will provide full-time team and commercial resource support for the independent non-profit open-source project Blockspace Forum. The forum focuses on the end-to-end coordination of the Ethereum transaction pipeline and has currently brought together multiple core teams from the Ethereum ecosystem to participate.
