TechFlow news — Pacman, founder of NFT marketplace Blur, has announced the launch of Blast, a Layer 2 network based on Optimistic Rollup, along with $20 million in funding. Investors include Paradigm, Standard Crypto, eGirl Capital, Andrew Kang (co-founder of Cosmos Capital), Hasu (strategic advisor at Lido), and Larry Cermak (CEO of The Block).
Blast's early access program is now live, available exclusively to invited participants. Everyone who joins will earn Blast Points. Users with access can earn yield (4% in ETH and 5% in stablecoins) and accumulate Blast Points before the mainnet launches in February 2024. Early access members can earn additional points based on the number of bridges they complete and the number of referrals they make.
In addition, Pacman announced he has raised another $40 million (which may include Blast’s funding round) to contribute to the Blur ecosystem. These funds will be used to build L2 applications for NFTs and continue advancing NFT infrastructure on Ethereum L1.
