Layer 2 network Blast completes $20 million in financing

On November 21st, Blast, a Layer 2 network based on Optimistic Rollup, completed a $20 million financing round. This round of financing was co-founded by Paradigm, Standard Crypto, eGirl Capital, and Mechanism Capital, with several angel investors including Andrew Kang, co-founder of Lido, Hasu, strategic advisor of Blur, and Larry Cermak, CEO of The Block.

According to reports, Blast was jointly created by Pacman, founder of Blur, and a team with rich experience in MakerDAO, MIT, Yale University, and Seoul National University.