Summary
Ethereum layer-2 scaling network Blast has launched its test network and is inviting app developers to participate in a competition called “Big Bang” to earn token rewards in an upcoming airdrop. The winning apps will be promoted to the mainnet when it goes live in late February. Blast founder Tieshun “Pacman” Roquerre, along with representatives from investors Paradigm and Standard Crypto, will judge the contest and provide guidance and mentorship to developers. Blast aims to attract developers by offering sizable token incentives, following a strategy similar to its sister platform Blur, a leading NFT marketplace. Despite controversy surrounding its November launch, Blast has seen over $1.3 billion in deposits and more than 100,000 wallets participating in its airdrop program.
Key Points
1. The Ethereum layer-2 scaling network Blast has attracted over $1.3 billion in investments and has launched its test network, aiming to bring app developers into its ecosystem with the promise of airdropped tokens.
2. Blast is running a “Big Bang” competition to attract developers, with the winning apps being promoted to the mainnet when it goes live in late February. Blast founder Tieshun “Pacman” Roquerre, along with representatives from investors Paradigm and Standard Crypto, will judge the contest and provide guidance to developers.
3. Blast aims to replicate the success of its sister project Blur, a leading NFT marketplace, by offering sizable token incentives. Blur distributed over $800 million worth of BLUR tokens in 2023 and became the most-used marketplace in terms of trading volume on OpenSea. Blast plans to distribute half of its total airdrop to users and the other half to developers.