[Base Founder: The Shutdowns of Blast and Abstract Do Not Signal the End of Ethereum L2 Experiments] According to Jinsecai, on October 9, during an interview at Token2049 in Singapore, Base founder Jesse Pollak commented on the shutdowns of Blast and Abstract. He stated that this does not mean the end of Ethereum Layer 2 experiments. Pollak emphasized that today, blockchains must present product solutions and marketing plans to demonstrate their value, much like corporations. Blockchains are, in many ways, business entities, and not all business ventures can succeed.
Base Founder: The Shutdown of Blast and Abstract Does Not Signal the End of Ethereum L2 Experiments
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Summary
At Token2049 in Singapore on October 9, Base founder Jesse Pollak addressed the closures of Blast and Abstract, stating they do not signal the end of Ethereum Layer 2 experiments. He noted that public chains must now operate like businesses, delivering product solutions and market strategies to demonstrate value. Pollak added that not all blockchain projects will succeed. His remarks come amid ongoing developments in the Ethereum ecosystem and underscore the commercial nature of blockchain development.
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