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BLAST: The L2 with Native Yield | Pacman

Bankless

Bankless

Technology, News, Tech News

4.71.2K Ratings

🗓️ 25 March 2024

⏱️ 90 minutes

🧾️ Download transcript

Summary

✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-pacman-blast-l2  

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Pacman is one of the most interesting builders in crypto right now. After creating Blur, a disruptive NFT exchange, the crypto wonder kid is targeting the L2 space with his new yield bearing L2 called Blast.

In this episode, we cover Pacman’s story, how he built Blur, how he pioneered Points and finally, we get into Blast, the already third largest L2 in TVL.

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TIMESTAMPS

0:00 Intro
6:45 Pacman’s Story
24:40 Blast’s Perception
29:36 Blur
34:45 Points
47:55 Blast Genesis
54:35 Blast’s Native Yield
1:19:05 Yield Risks
1:23:15 Net Gas Revenue
1:26:00 Projects on Blast
1:30:12 Is Blast a Multisig?
1:32:51 Blast’s Vision
1:34:10 Blast on OP Superchain?
1:36:53 Closing Thoughts

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RESOURCES

Pacman
https://twitter.com/PacmanBlur 

Blast
https://blast.io  

Pacman Blur’s Episode
https://www.youtube.com/watch?v=KBKRrKtGTY8 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here:
https://www.bankless.com/disclosures  

Transcript

Click on a timestamp to play from that location

0:00.0

We want to build the L2 that provides the most value to developers and users. The most value of any L2, that's our goal. And we see the path to getting there is,

0:10.0

you know, you have this L2 with native yield where everyone's just earning that by default, but also now you're enabling new types of applications.

0:16.0

Robin Hood, for example, right? Like them charging zero fees, that's actually providing more value to the market than if they charge no fees.

0:22.0

So it's like these business model unlocks, it's not just like, oh So it's like these business model unlocks.

0:23.3

It's not just like, oh, it's a new business model.

0:25.0

It's like, no, this is actually providing more value to the market.

0:27.6

This is why these like disruptive business models get adopted in the first place.

0:31.0

So the only thing driving us is that we want to build the

0:33.2

L2 that provides the most value to end users and developers.

0:37.0

Welcome to Bankless, where we explore the frontier of Internet money and Internet

0:46.7

finance. This is Ryan Sean Abbots. I'm here with David Hoffman and we're here

0:50.0

to help you become more bankless.

0:53.0

Pac-Man is one of the most interesting builders in crypto right now.

0:57.0

He created Blur, which is an NFT exchange that came out of basically nowhere in 2022,

1:02.0

and now has over 70% of the NFT market and it almost seems like he's about to do the same thing with layer 2s.

1:08.4

He's got a project called Blast which has blasted its way to number three in terms of total locked value of all layer two's.

1:16.4

We get into the conversation with Pac-Man today.

1:18.8

You do not want to miss this fascinating conversation with this crypto builder.

1:22.6

Number one, we talk about who is Pac-Man?

1:25.1

This crypto wonder kid.

1:26.3

Where did he come from?

1:27.3

What's he about?

...

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