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Blast is an EVM-compatible Ethereum Layer 2 network that offers users native yield staking of Ethereum (ETH) and stablecoins on its chain.
During its first private round, Blast has managed to raise over $20M from prominent funds and investors, including Paradigm, Standard Crypto, eGirl Capital, The Block CEO Larry Cermak, and Lido strategy advisor Hasu. The raised funds will be used for further development of the Blast ecosystem.