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Blast to Launch Mainnet on Feb 29, Aims to Boost dApp Ecosystem

Blast, a layer-2 scaling solution for Ethereum, has announced that it will launch its Mainnet on February 29th, 2024. The launch date coincides with the leap day, a rare occurrence that happens once every four years.

Blast is a decentralized platform that enables fast, cheap and secure transactions for dApps (decentralized applications) on Ethereum. Blast uses optimistic rollups, a technique that aggregates multiple transactions into a single proof that is periodically submitted to the Ethereum blockchain. This reduces the congestion and fees on the network, while preserving the security and compatibility of Ethereum.

Big Bang Competition and Airdrop

Prior to the Mainnet launch, Blast has successfully completed its Big Bang competition, a hackathon that invited developers to build innovative dApps using Blast. The competition ran from January 15th to February 15th, and attracted more than 3,000 teams from around the world.

The winners of the Big Bang competition were announced on February 22nd, and received a share of $1M in prizes. The winning projects covered various categories such as gaming, social media, finance, art and more. Some of the notable winners include:

  • Blaze, a decentralized social network that rewards users for creating and sharing content.
  • BlastSwap, a decentralized exchange that allows users to swap any ERC-20 tokens with low fees and high liquidity.
  • BlastArt, a platform that enables artists to create and sell digital art as NFTs (non-fungible tokens).
  • BlastFi, a protocol that offers lending, borrowing and staking services for crypto assets.

In addition to the prizes, Blast has also allocated 50% of the future $BLAST airdrop to the protocols that participated in the Big Bang competition. The $BLAST token is the native token of Blast, and will be used for governance, staking and paying fees on the platform. The airdrop will be distributed to the users of the protocols, as well as the developers, in proportion to their activity and contribution.

Backed by Prominent Investors

Blast was founded by the co-founders of Blur, a popular NFT marketplace that has conducted massive $BLUR tokens airdrops for its users. Blur has been one of the leading platforms for NFTs, which are unique digital assets that represent ownership of various forms of art, collectibles, gaming items and more.

Blast has also raised $20M in a funding round backed by some of the most prominent investors in the crypto space, such as Paradigm, Standard Crypto and eGirl Capital. These investors have expressed their confidence and support for Blast, and its vision to boost the dApp ecosystem on Ethereum.

“Blast is one of the most promising layer-2 solutions for Ethereum, and we are excited to see how it will enable new possibilities for dApps and users. We believe that Blast will play a key role in scaling Ethereum and making it more accessible and usable for everyone,” said Matt Huang, co-founder of Paradigm.

You can join Blast airdrop here.

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