Paradigm, a crypto venture capital firm and seed investor in Blast, has criticized the startup's marketing strategy and recent protocol launch. Researcher Dan Robinson from Paradigm disapproved of Blast's decision to launch the bridge before L2 and not allow withdrawals for three months, setting a bad precedent for other projects. Despite Blast reaching $570 million in TVL within a week, Paradigm does not endorse the project and disagrees with the launch approach.
Really great summary of the Blast launch and Paradigm's response by @skesslr This is a good takeaway: "if the funds in Blast do remain safe, and if the chain opens in a few months as promised, the project's big initial splash could prove a winning gambit – helping Blast to…
Proposed Ethereum layer-2 Blast's one-week haul of $600M+ shows promise of yield (TVL>@coinbase Base) & pitfalls of hype (scolding by @paradigm) - @skesslr reports https://t.co/5ihGUQX8xG
Blast’s biggest investor says new layer 2 ‘sets a bad precedent’ https://t.co/mdRg7UxIWP
Blast has reached $570 Million in TVL within 1 week. 63,948 community members are now earning yield (~4% for ETH and 5% for stables) + Blast Points. There's been incredible inbound developer interest since launch. We'll share more for devs soon as we march towards Mainnet! https://t.co/F715z8mpDa
JUST IN: @Blast_L2 Surpasses $630 MILLION in TVL But its main investor, @paradigm says they don't endorse the project & aren't fans of the launch. Here's a TL;DR: - Paradigm disagrees with launching the bridge before the L2 - They're not a fan that withdrawals aren't… https://t.co/KU93LfHYDJ https://t.co/ithHN4xC35
Paradigm, a crypto venture capital firm and seed investor in Blast, has criticized the startup’s marketing strategy and recent protocol launch. https://t.co/pD0OGTFTO7
The crazy thing is Paradigm could have literally said Blast was a scam and there’s nothing you would be able to do. Your funds are locked 😹
Paradigm researcher Dan Robinson said that Paradigm does not agree with Blast's decision to launch the bridge before L2 and not allow withdrawals for three months, which sets a bad precedent for other projects; in addition, he criticized that much of the marketing cheapens the…
There are a lot of components of Blast that I’m excited about and would be interested in engaging with people on. That said, we at Paradigm think the announcement this week crossed lines in both messaging and execution. For example, we don’t agree with the decision to launch the…