Blast Launches Foundation Ahead of Airdrop

• Ethereum’s Blast L2 is announcing its foundation launch ahead of its June 26 airdrop.
• The L2 team had little to say about its structure, but we’ll be getting more details by Wednesday.

Ethereum’s Blast L2 is announcing organizational changes ahead of its June 26 airdrop.

Introducing the Blast Foundation.

The Foundation was created to support the community in achieving the Blast Vision, which will be shared publicly on June 26.

— Blast (@Blast_L2) June 24, 2024

A new Blast Foundation has been created to help its community realize the “Blast Vision,” details for which are slated to be released publicly alongside the BLAST airdrop on June 26.

The transition process will handover control over the Blast Twitter account, the Blast website, and Blast protocol governance from Arcade Research (Blast’s developer) to the Blast Foundation.

Bankless Take:

Although today’s introduction of the Blast Foundation revealed little about the role this group will play in the Blast ecosystem going forward, it will likely receive a substantial BLAST allocation to conduct grants programs, institute token incentive initiatives, and steward the community in achieving the “Blast Vision.”

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