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Blast Launches Foundation Ahead of Airdrop

Blast Launches Foundation Ahead of Airdrop
  • Ethereum’s Blast L2 is announcing its foundation launch ahead of its June 26 airdrop.
  • The L2 team had little to say about its structure, but we’ll be getting more details by Wednesday.

Ethereum’s Blast L2 is announcing organizational changes ahead of its June 26 airdrop.

A new Blast Foundation has been created to help its community realize the “Blast Vision,” details for which are slated to be released publicly alongside the BLAST airdrop on June 26.

The transition process will handover control over the Blast Twitter account, the Blast website, and Blast protocol governance from Arcade Research (Blast’s developer) to the Blast Foundation.

Bankless Take:

Although today’s introduction of the Blast Foundation revealed little about the role this group will play in the Blast ecosystem going forward, it will likely receive a substantial BLAST allocation to conduct grants programs, institute token incentive initiatives, and steward the community in achieving the “Blast Vision.”

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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.