Crypto
Blockspace Secures Funding, Expands Role in Ethereum Ecosystem
Ethereum infrastructure company Blockspace has secured funding in a new round led by BlueYard, with participation from other teams and individuals.
The revenue model of Blockspace is based on Ethereum (ETH) and it earns the token through staking and restaking. It keeps its ETH holdings at 15% of total staked volume to prevent undermining decentralization.
Blockspace's infrastructure supports blockspace, Ethereum's core product, as usage and demand grow. The company positions itself as a key player in the Ethereum ecosystem.