Paradigm Criticizes Ethereum Layer 2 Network Blast’s Tactics
Following the recent early access launch of the Ethereum Layer 2 network Blast, Paradigm, one of the lead investors in Blast’s seed round, has expressed its disapproval of the project’s approach. In a post on X, Paradigm’s head of research, Dan Robinson, stated that the VC firm disagrees with Blast’s decision to launch its bridge before the L2 network and disable withdrawals for three months. Robinson believes that this sets a negative precedent for other projects and believes that much of Blast’s marketing undermines the work of a serious team.
Concerns and Disagreements
Paradigm has communicated its concerns to the Blast team, but according to Robinson, there are still several points of disagreement. He emphasized that Paradigm does not endorse such tactics and takes its responsibility in the ecosystem seriously.
Praise for Blast’s Founder
Despite their criticisms, Robinson also praised Blast’s founder, Tieshun Roquerre (also known as Pacman), acknowledging his exceptional technical talent. Robinson had previously worked with Roquerre on Blend and witnessed his capabilities firsthand. Paradigm still believes that Roquerre and his team are world-class builders who can deliver an L2 solution that adds value to the ecosystem.
Blast’s Response
Roquerre stated that Paradigm requested post-launch protocol changes, which are being considered by the Blast team. However, Roquerre asserted that the final decision rests with his team.
Hot Take: Paradigm Voices Concerns Over Blast’s Launch Strategy
Paradigm has raised concerns over Blast’s decision to launch its bridge before the L2 network and disable withdrawals for three months. The VC firm believes that this approach sets a negative precedent and cheapens the work of a serious team. Despite their criticisms, Paradigm acknowledges Blast’s technical talent and still sees potential in their ability to deliver a valuable L2 solution. However, there are disagreements between Paradigm and Blast regarding these tactics. It remains to be seen how Blast will address these concerns and whether they will make any changes based on feedback from Paradigm and other stakeholders.
By
By
By
By
By
By