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Blast Launches Foundation Ahead of Airdrop

The L2 team had little to say about its structure, but we'll be getting more details by Wednesday.
Jack Inabinet Jack Inabinet Jun 24, 20241 min read
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Blast Launches Foundation Ahead of Airdrop

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

What’s the scoop?

  • New Foundation: 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.
  • Handover of Control: 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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Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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