Ethereum infrastructure company Blockspace has announced its launch, aiming to improve off-protocol infrastructure for Ethereum and bring more applications into Ethereum blockspace. The company recently completed a funding round led by BlueYard Capital, with participation from ether.fi Ventures, Quasar and SharpLink Gaming. Blockspace's business model relies entirely on ETH, and it will operate staking operations, using rewards from transaction fees generated by staked ETH to continue staking.
Ethereum infrastructure firm Blockspace has launched, with a focus on improving off-protocol infrastructure and onboarding more applications into Ethereum blockspace.
Blockspace noted that Ethereum's core business is providing blockspace. Over 90% of Ethereum blockspace traffic currently relies on infrastructure outside the protocol, and these infrastructure layers still have gaps in economic models, reliability, performance and service capabilities.
Blockspace recently completed a funding round led by BlueYard Capital, with participation from ether.fi Ventures, Quasar and SharpLink Gaming.
The company said it will work with the Blockspace Forum and the broader Ethereum community to accelerate the development of off-protocol infrastructure for Ethereum transactions. Its business model relies entirely on ETH.
Blockspace will operate and support Ethereum infrastructure, including staking. It earns transaction fee rewards by producing blocks with its staked ETH, and reinvests those rewards back into staking.
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