Blast unveiled its testnet, and the Ethereum L2 network is attempting to attract developers with an app competition and an airdrop. The unveiling of Blast, the Ethereum layer-2 (L2) scaling network, has had squabbles.
Despite this, users have pumped over $1.3B into the project, hoping for airdrop rewards and yields. Blast has unveiled its test network and is trying to lead application developers into the ecosystem with the same assurance of airdropped tokens.
Blast Launches Ethereum Layer-2 Network for Developers
On Tuesday, the network revealed that its test net is currently live. It also claimed the project is attempting to entice developers to begin developing by unveiling a ‘Big Bang’ competition.
On X (formerly Twitter), Blast noted that developers who bring their applications into the competition will acquire the first opportunity to gain token rewards in the forthcoming airdrop. The winning applications will get ‘promotions’ to the mainnet after it goes live late next month.
Tieshun ‘Pacman’ Roquerre, Blast’s founder, is going to judge the competition. Standard and Paradigm investors and others will accompany him.
Blast Vows to Support Developers
Further, Pacman and associated Blast team members will guide and mentor developers. Pacman is Blur’s founder, and Blast’s unveiling seems to be embracing a similar strategy as it tries to move ahead of present Ethereum L2 networks. In this case, it intends to utilize potentially sizeable token enticements.
Last year, Blur gave BLUR tokens worth more than $800M to nonfungible token (NFT) traders. The earlier round of airdropped tokens in February happened at the same time when OpenSea, a platform topping, was the most utilized marketplace in relation to trading volume.
A Tuesday tweet thread showed Blast will give users 50% of its overall airdrop while the rest will be offered to developers.
Development on Blast Ecosystem
On the earlier front, more than 100000 wallet users have locked up cryptocurrency worth more than $1.3B to acquire ‘Blast points.’
This will finally be changed into airdropped tokens after the Blast mainnet comes into effect. Via the Big Bang competition and further on, Blast intends to ensure that decentralized app (Dapp) developers begin developing to acquire a portion of the other 50% of the airdrop.
Blast’s rising deposits and user tally happen after pushback to the platform’s November unveiling. Crypto utilizers and developers protested Blast’s strategy of unveiling a bridge to take deposits before Blast network was prepared and live.
Additionally, they complained about users being prevented from withdrawing funds until the mainnet’s unveiling next month.
A major Blur and Blast supporter, Paradigm reprimanded the team after the first unveiling. Dan Robinson, Head of Research and General Partner, noted that the announcement ‘crossed lines on execution and messaging.’
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