Blast Testnet Goes Live, Launches Big Bang Competition
The controversial rollout of Ethereum layer-2 scaling network Blast has not deterred users from flocking to the project. In fact, users have now pumped over $1.3 billion into Blast in search of yield and airdrop rewards. Despite its rocky start, Blast has recently announced the launch of its test network, with the hopes of attracting developers to its ecosystem through a new competition.
Developers Can Earn Token Rewards in Blast Airdrop
Blast’s testnet is officially live, and the project is calling on developers to start building with its launch of the “Big Bang” competition. By entering their Blast apps into the competition, developers will have the opportunity to earn token rewards in an upcoming airdrop. The winning apps will also be promoted to the mainnet when it goes live in late February.
Blast Founder Pacman to Judge “Big Bang” Contest
The “Big Bang” competition will be judged by Blast founder Tieshun “Pacman” Roquerre, along with representatives from investors Paradigm and Standard Crypto, among others. Pacman and the Blast team will also provide guidance and mentorship to developers throughout the competition. This support from experienced figures in the industry adds to the allure of the competition for developers looking to make an impact in the rapidly expanding ecosystem.
Blast Follows Blur Strategy with Token Incentives
Blast is taking a page out of the playbook of Blur, the leading NFT marketplace also founded by Pacman. Just as Blur offered sizable token incentives to NFT traders, Blast plans to distribute a substantial part of its airdrop to users and developers. This strategy proved successful for Blur, which handed out over $800 million worth of BLUR tokens in 2023. By following a similar path, Blast aims to attract attention and demonstrate its ability to leapfrog over existing Ethereum layer-2 networks.
Blast Aims to Attract Dapp Creators with Airdrop Rewards
Blast’s rising deposits and user tally are a result of its recent push to attract developers and users in the crypto community. Over 100,000 wallets have already locked up over $1.3 billion worth of cryptocurrency to earn “Blast points,” which will convert to airdropped tokens once the Blast mainnet is live. With the “Big Bang” competition and future initiatives, Blast seeks to entice decentralized app (dapp) creators to join its ecosystem and earn a share of the airdrop rewards.
Despite controversy surrounding its initial launch, Blast has not only weathered the storm but has emerged as a promising layer-2 scaling network in the Ethereum ecosystem. With a growing user base and airdrop incentives, Blast aims to make a name for itself by attracting both developers and users who are eager to participate in this exciting new venture.
Analyst comment
Positive news. With over $1.3 billion invested and a growing user base, Blast’s testnet launch and “Big Bang” competition are expected to attract developers to its ecosystem. Token rewards and mentorship from experienced figures increase the allure for developers. Blast aims to make a name for itself in the Ethereum ecosystem.
