Ethereum infrastructure company Blockspace establishes and completes a new round of funding, led by BlueYard Capital

In comparison, the Ethereum infrastructure company Blockspace announced its establishment to improve infrastructure outside the protocol under the Ethereum chain and promote access to the Ethereum blockchain space for more applications around the world. Blockspace said that the core business of Ethereum is to provide blockchain space. Currently, more than 90% of the world's Ethereum block space traffic depends on infrastructure other than the protocol, and there are still gaps in this infrastructure in terms of economic model, reliability, performance and service capabilities.

Blockspace recently completed a round of financing, led by BlueYard Capital, with participation from ether.fi Ventures, Quasar, SharpLink Gaming, etc. In the future, Blockspace said it will cooperate with the Blockspace Forum and the broader Ethereum community to accelerate the construction of non-protocol infrastructure in the Ethereum transaction process, and its business model depends entirely on ETH. The company will operate and support the Ethereum infrastructure, including the staking business, and receive transaction fee rewards by staking ETH to generate blocks, and then continue to use the proceeds for staking.

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