Recent data shows that Blast, a new layer 2 (L2) blockchain platform, has a significant valuation of $660 million within the decentralized finance (defi) protocol. At the same time, we began looking for an experienced senior blockchain developer while accumulating various cryptocurrency assets.
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L2 Blast project searches for developers as it seeks to raise $660 million.
Recently, explosion It emerged as a point of interest. This project pacmanBlur, the company behind the non-fungible token (NFT) marketplace Blur, is quickly gaining attention. In less than a week, the platform’s total fixed value (TVL) soared to around $400 million.
At the same time, Blast faced allegations that it resembled a Ponzi scheme. During this time, Paradigm, a major investor in the project, acknowledged that the team had overdone itself in certain aspects of communication and implementation.
Pacman also refuted the allegations of a Ponzi scheme and further clarified that Paradigm played no role in shaping Blast’s go-to-market strategy. Just five days after these events, Blast saw its TVL increase to $660 million with an additional investment of $104 million.
Notably, on November 30, when TVL reached $634 million, Blast broadcast its intention to expand its team and announced hiring.
“Recruitment announcement,” Blast said. “Blast reached $634 million in TVL across 67,757 community members. We are hiring a Senior DevOps Engineer and a Senior Protocol Engineer. If you’d like to contribute to Blast, get in touch.”
The hiring announcement was met with skepticism soon after it was made public, with observers questioning the project’s lack of engineering staff. “No mainnet, no testnet, no code, no employees, $634 million TVL.” One critic mocked Pepe the Frog by sharing an image of him.
Skepticism continued to arise on social media platform The doubts persisted, and further comments followed: “Okay, this isn’t going to end well.” The situation was so serious that another individual asked, “Do you need a lawyer?”
Another person jokingly responded:
Does anyone know how to make L2? I need help!
Currently, Blast holds a portfolio consisting of 198,733 Ether, 73,518 Staked Ether (STETH), and a significant amount of stablecoins: 39.56 million USDC, 30.66 million Tether (USDT), and 15.6 million DAI tokens. As outlined in the job specification, the role of the Senior Protocol Engineer is critical.
This individual will significantly contribute to the team’s application of the open source OP stack based on go-ethereum. The OP Stack represents the integrated, shared, and open source development framework that promotes Optimism under the stewardship of the Optimism Collective. Several L2 forks are based on the OP stack.
What do you think about L2 Project Blast? Let us know your thoughts in the comments section below.
Source: Bitcoin.com