Venture capital firm Paradigm’s Researcher, Dan Robinson, has expressed enthusiasm for Blast but has criticized the project’s marketing and communication approach.
“We at Paradigm think the announcement this week crossed lines in both messaging and execution,” the statement noted.
Robinson from Paradigm Asserts Flaws in Blast’s Marketing Campaign
According to Robinson, Paradigm believes that too much of Blast’s “marketing cheapens the work of a serious team.”
“We’ve been discussing our concerns with the team and appreciate their willingness to engage with us, but there are still many points of disagreement.”
However, Robinson commends the team’s technical ability, making it clear that his main issue is with how the communications have been carried out.
“I got to witness their exceptional technical talent firsthand when I collaborated with them on the design of a new NFT-collateralized lending protocol called Blend,” the statement noted.
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Paradigm Acknowledges Blast Founder’s Strong Reputation
Robinson explains that the VC firm backed Pacman, the founder of Blast, because he has developed a solid reputation in recent times.
“We backed Pacman and his cofounder because they demonstrated an ability to build great products over many years, starting with Namebase, one of Paradigm’s first investments,” he stated.
Meanwhile, he asserts transparency with Pacman regarding his concerns, noting receptiveness on Pacman’s part but revealing ongoing disagreements on numerous points.
“We still think they are world-class builders who can deliver an L2 that brings value to the ecosystem.”
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