Ethereum infrastructure firm Blockspace launches and completes a new funding round led by BlueYard Capital.

Huo Xing Finance reports that Ethereum infrastructure company Blockspace has been launched with the mission of improving off-protocol infrastructure for Ethereum and enabling more global applications to access Ethereum blockspace. Blockspace notes that Ethereum’s core business is providing blockspace, and over 90% of Ethereum blockspace traffic currently relies on off-protocol infrastructure, which still has gaps in economic models, reliability, performance, and service capacity. Blockspace recently completed a funding round led by BlueYard Capital, with participation from ether.fi Ventures, Quasar, SharpLink Gaming, and others. Blockspace plans to collaborate with the Blockspace Forum and the broader Ethereum community to accelerate the development of off-protocol infrastructure for Ethereum transaction flows. Its business model is entirely ETH-dependent. The company will operate and support Ethereum infrastructure, including staking services, earning transaction fee rewards by producing blocks with its staked ETH, and reinvesting those earnings back into staking.