Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue

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Blast, an Ethereum Layer 2 backed by venture capital fund Paradigm, is shutting down after costs exceeded revenue. Users have until October 26 to withdraw their funds via the application. This decision represents a setback for the Ethereum scaling solutions sector, a strategic area of the blockchain ecosystem.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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