Tieshun Roquerre Raises $40 Million for Blur Ecosystem
In addition, Blur founder Tieshun Roquerre raised $40 Million to contribute to the Blur ecosystem.
If you’re an NFT enthusiast, you could be frustrated by high transaction costs when trading digital collectibles. Tieshun Roquerre, the founder of NFT marketplace Blur, feels your pain. He’s launching Blast, a new layer-2 network to address this issue. The network will provide native yield for DApps and reduce transaction costs for non-fungible tokens. To fund this deal, Roquerre raised $20 Million from Paradigm, Standard Cryptocurrency, and others. In addition, he raised another $40 Million to contribute to the Blur ecological system, which will be used to build DApps on Blast and advance NFTs on Ethereum (ETH). Following this news, Blur’s native token BLUR surged 12% to $34.
Hot Take: Blur Founder Tieshun Roquerre Tackles High Transaction Costs With Blast Layer-2 Network
Tieshun Roquerre, founder of NFT marketplace Blur, is addressing the high costs associated with trading digital collectibles with the launch of the Blast layer-2 network. This new network intends to provide native yield for DApps and reduce transaction costs for non-fungible tokens, bringing relief to NFT enthusiasts. Roquerre’s efforts have been supported by whole lot of funding, including $20 Million from Paradigm and Standard Cryptocurrency, along with an extra $40 Million for the Blur ecological system. These developments have caused Blur’s native token BLUR to surge 12% to $34, marking an exciting moment for the NFT community.
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