Blast
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $20.0m | Early VC | |
* | $5.0m Valuation: $100m | Early VC | |
Total Funding | €22.7m |
Recent News about Blast
EditBlast.io operates in the blockchain and cryptocurrency market, specifically focusing on Ethereum Layer 2 (L2) solutions. The company provides a unique platform that offers native yield for Ethereum (ETH) and stablecoins, allowing users to earn more through automatic compounding. This feature sets it apart from other L2 solutions that do not offer yield, thereby preventing asset depreciation over time. Blast.io serves developers and end-users who are looking to maximize their returns on ETH and stablecoins. The business model revolves around attracting users and developers to deploy on their platform, leveraging the native yield feature to create new revenue streams and novel rewards. The company makes money through transaction fees and possibly through partnerships and integrations within the Ethereum ecosystem.
Keywords: Ethereum, Layer 2, native yield, stablecoins, automatic compounding, blockchain, cryptocurrency, developers, revenue streams, EVM compatible.