October 03 , 2026
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Day: October 3, 2026

Blast to Close Its Doors: Ethereum L2 Economics Fail to Meet Expectations

By Harper SmithIn NFT NewsPosted

Highlights Ethereum layer-2 network Blast announces its closure due to unsustainable operating costs outpacing revenue. Users have until October 26 to withdraw their assets; after that, withdrawal process will change significantly. Blast, launched by NFT marketplace founder Tieshun โ€œPacmanโ€ Roquerre, experienced rapid success before facing a steep decline amidst the...