Tieshun ROQUERRE, founder of NFT marketplace Blur (aka “Pacman”), is launching a new Layer 2 network where users can reduce transaction costs for digital collectibles. On social network Almost all decentralized applications, or DApps, on blockchain face the problem of users locking their funds in pools that do not generate revenue for them, Roquerre said.
In an effort to solve all these problems at once, the founder of Blur decided to launch Blast, a new layer 2 network with native revenue for DApps, where users could avoid asset depreciation as well as reduce transaction costs. of non-fungible tokens. For the new company, Roquerre raised $20 million in funding from Paradigm, Standard Crypto and others. To generate revenue, Blast initially participates in Ethereum (ETH) staking, automatically returning staking revenue to users of the network and DApps. In addition to ETH, Blast also generates stablecoin revenue through USDB, the network’s own auto-rebasing stablecoin.
In addition to Blast, Roquerre announced that he has raised another $40 million to contribute to the Blur ecosystem. The funds received are expected to be used to create DApps based on Blast, as well as to continue promoting NFTs on Ethereum. Amid the news, Blur’s native token BLUR rose 12% to $34, according to CoinGecko.
Image: The block
