Blast launch ‘crossed lines’ in messaging and execution, says Paradigm | Headlines | News | CoinMarketCap

11/27/2023 01:02
Blast launch ‘crossed lines’ in messaging and execution, says Paradigm | Headlines | News | CoinMarketCap

Following the controversial early access launch of the new Ethereum Layer 2 network Blast, Paradigm, which led Blast's seed round alongside Standard …

Following the controversial early access launch of the new Ethereum Layer 2 network Blast, Paradigm, which led Blast's seed round alongside Standard Crypto, has spoken out against the project's tactics. 

Paradigm's head of research Dan Robinson said in a post on X that the VC firm doesn't agree with Blast's decision to launch its bridge before the L2 network and to disable withdrawals for three months, which he said sets a bad precent for other projects. "We also think much of the marketing cheapens the work of a serious team," Robinson added. 

Paradigm has approached the Blast team with their concerns, but "there are still many points of disagreement," Robinson said, adding, "We don’t endorse these kinds of tactics and take our responsibility in the ecosystem seriously."

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