Posted 11/26/2023, 6:44:28 PM
Ethereum Scaling Network Blast Draws $535M But Faces Criticism Over Messaging and Locked Fund Risks
- Recently launched Ethereum layer-2 network Blast has attracted over $535 million in locked funds, but also criticism over its rollout
- Early Blast investor Paradigm has issues with launch, saying messaging and execution "crossed lines"
- Paradigm disagrees with launching bridge before live network, locking funds for 3 months, marketing seen as cheapening serious work
- Users locking funds to earn yield and rewards, but network not live yet, raising security concerns
- Blast founder defends network, but Paradigm feels need to advocate for best practices even when disagreeing with invested teams