Blast, the Ethereum Layer 2 network created by the founder of groundbreaking NFT marketplace Blur, said Monday that it is creating a Foundation to help govern the protocol.
The announcement comes two days ahead of the protocol’s token airdrop, which is scheduled to take place later this week.
“Until now this account and website are managed by Arcade Research, Blast development company. As part of the transition to a decentralized governance structure, this Twitter account, website and Blast protocol administration are being transferred to Foundation control.”
Until now this account and website were managed by @ArcadeResearcha Blast development company.
As part of the transition towards a decentralized governance structure, this Twitter, the website, and governance of the Blast protocol are being transitioned to Foundation control.
— Blast (@Blast_L2) June 24, 2024
Blast said the Foundation was “created to support the community in achieving the Blast Vision, which will be shared publicly on June 26.”
Blast tokens will be divided into different categories, although the names are still unclear. According to the breakdown of Blast tokens posted to X by user IcoBeast.eth, based on the division into different wallet addresses, there can be up to four to five types. Perhaps Blur farmers will also receive tokens, the post speculates.
Breakdown of Blast tokens by address
33bn probably locked for vesting
14bn we bet for BLAST farming (points/gold)
3bn HOPING for Blur farmers
Everything below that seems to be tested. pic.twitter.com/VlUoIxT4Gz
— IcoBeast.eth🦇🔊 (@beast_ico) June 23, 2024
The Blast project has announced its intention to distribute half of the airdrop tokens to developers via Blast Gold, while the other half will be distributed to early adopters via Blast Points based on wallet and dapp balances. their.
Annie
According to The Block
