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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.
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Jun 24, 2024 • 1 min read

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.”

 

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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