Following the controversial launch of the new Ethereum Layer 2 network Blast, Paradigm, which led Blast’s seed round alongside Standard Crypto, has spoken out against the project’s tactics.
Paradigm’s head of research Dan Robinson said in a post on is a bad precedent for other projects. “We also think a lot of the marketing cheapens the work of a serious team,” Robinson added.
Paradigm has approached the Blast team with their concerns, but “there are still many areas of disagreement,” Robinson said, adding, “We do not endorse these types of tactics and take our responsibility in the ecosystem seriously.”
However, Robinson also praised Blast founder Tieshun Roquerre, also known as Pacman, who defended the network from critics this week. When I worked with Roquerre and his co-founder on Blend, “I was able to witness firsthand their exceptional technical talent,” Robinson said. “We still think they are world-class builders who can deliver an L2 that adds value to the ecosystem.”
Roquerre, who founded the NFT marketplace Blur, has stated that Paradigm has asked him to make changes to the protocol after launch, and that the changes are being considered, but that ultimately the final call will be made by the Blast team.
Disclaimer: Larry Cermak, CEO of The Block, is an angel investor in Blast.