Paradigm, a leading crypto venture capital firm, openly criticized the marketing and execution strategy of Blast, a startup in which the former is a seed investor.
Dan Robinson, Paradigm’s Head of Research, voiced his concerns over Blast’s approach, stating it sets a troubling precedent for other projects in the blockchain space.
Dan Robinson’s Critique of Blast
In a statement released on X, Robinson expressed Paradigm’s disagreement with Blast’s decision to launch a bridge before its Layer-2 (L2) network and the choice to restrict withdrawals for three months.
There are a lot of components of Blast that I’m excited about and would be interested in engaging with people on. That said, we at Paradigm think the announcement this week crossed lines in both messaging and execution. For example, we don’t agree with the decision to launch the…
— Dan Robinson (@danrobinson) November 26, 2023
“We think it sets a bad precedent for other projects,” Robinson remarked, highli
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