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Home»ADOPTION NEWS»Paradigm says the explosive launch ‘crossed a line’ in messaging and execution.
ADOPTION NEWS

Paradigm says the explosive launch ‘crossed a line’ in messaging and execution.

By Crypto FlexsNovember 26, 20232 Mins Read
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Paradigm says the explosive launch ‘crossed a line’ in messaging and execution.
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Following the early access launch of the controversial new Ethereum Layer 2 network Blast, Paradigm, which led Blast’s seed round along with Standard Crypto, has spoken out against the project’s tactics.

Dan Robinson, head of research at Paradigm, wrote in a post on I said I was crazy. “We also believe that much of marketing saves work costs for serious teams,” Robinson added.

Paradigm approached the Blast team with concerns, but “there were still a lot of disagreements,” Robinson said. “We do not support these kinds of tactics and do not take our responsibility to the ecosystem seriously.”

But Robinson also praised Blast founder Tieshun Roquerre, also known as Pacman, for defending the network against critics this week. While working on Blend with Roquerre and his co-founders, Robinson said, “I got to witness firsthand their incredible technical talent.” “We still think they are a world-class builder who can deliver an L2 that provides value to the ecosystem.”

Roquerre, who founded NFT marketplace Blur, said Paradigm asked him to change the protocol after launch and that changes are being considered, but the final decision will be made by the Blast team.

Disclaimer: Larry Cermak, CEO of The Block, is an angel investor in Blast.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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