Ethereum

Blast

Standard

Billion

<p><strong><em><a href="https://cryptoticker.io/en/blast-layer-2-guide-blast-airdrop/" target="_blank" rel="noreferrer noopener">Blast</a>, an Ethereum layer-2 scaling network, has recently launched its test network. Despite facing some controversies, it has successfully attracted over $1.3 billion from users. These users are motivated by the potential of earning yield and airdrop rewards. The network’s primary goal is to entice app developers to join its ecosystem.</em></strong></p> 
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 <img loading="lazy" width="1400" height="788" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/Blast.jpg" alt="Blast" class="wp-image-121749">
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<h2 id="h-the-big-bang-competition">The Big Bang Competition</h2> 
<p>To attract developers, <a href="http://blast.io/Z58ST" target="_blank" rel="noreferrer noopener">Blast</a> has initiated the “Big Bang” competition. This competition encourages developers to create apps using Blast’s platform. The winners of this competition will not only receive token rewards in an upcoming airdrop but also have their apps promoted to the mainnet, which is set to go live in late February.</p> 
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">The Blast Testnet is OFFICIALLY LIVE<br><br>With it, the Blast BIG BANG competition officially begins.<br><br>Dapps can compete to get in front of 100k users &amp; $1.3B in TVL, connect with top investors, and earn the Blast Airdrop. <a href="https://t.co/Cajnmtxtd3">pic.twitter.com/Cajnmtxtd3</a></p>— Blast (@Blast_L2) <a href="https://twitter.com/Blast_L2/status/1747321109492724207?ref_src=twsrc%5Etfw">January 16, 2024</a>
  </blockquote> 
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<h2 id="h-guidance-and-mentorship">Guidance and Mentorship</h2> 
<p>The competition will be judged by Blast founder Tieshun “Pacman” Roquerre and representatives from investor firms like Paradigm and Standard Crypto. Pacman, who is also the founder of the leading NFT marketplace Blur, and other team members will offer guidance and mentorship to participating developers.</p>  
<h2 id="h-strategy-and-incentives">Strategy and Incentives</h2> 
<p><a href="http://blast.io/Z58ST" target="_blank" rel="noreferrer noopener">Blast’s</a> strategy seems to mirror that of Blur, which previously distributed over $800 million in BLUR tokens to NFT traders. This strategy involves using significant token incentives to attract users and developers. According to Blast, half of the total airdrop will be allocated to users, and the other half to developers.</p>  
<h2 id="h-user-engagement">User Engagement</h2> 
<p>More than 100,000 wallets have locked up over $1.3 billion in cryptocurrency to earn “Blast points.” These points will eventually be converted into airdropped tokens once the Blast mainnet is live.</p> 
<p><a href="https://cryptoticker.io/en/blast-layer-2-guide-blast-airdrop/" target="_blank" rel="noreferrer noopener"><strong>—&gt; Click Here to Farm the Airdrop &lt;—</strong></a></p>  
<h2 id="h-controversies-and-criticisms">Controversies and Criticisms</h2> 
<p>Despite its success in attracting funds, <a href="http://blast.io/Z58ST" target="_blank" rel="noreferrer noopener">Blast</a> faced criticism for its approach to launching a bridge for deposits before the network was fully operational. This led to users being unable to withdraw their funds until the mainnet launch. Paradigm, a major backer of both Blast and Blur, expressed concerns over the launch’s messaging and execution.</p>  
<h2 id="h-conclusion">Conclusion</h2> 
<p>Blast’s launch represents a significant step in the Ethereum ecosystem, aiming to bring more developers and users into the fold through innovative competitions and incentives. Despite facing initial challenges, the network’s potential for growth and development remains high.</p>

Blast, Ethereum’s Layer-2 Solution, Lures Developers with Airdrops as Users Invest $1.3 Billion

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