Blast and Blur Shut Down: How Pacman's $850M Airdrop Playbook Ran Out of Money
One man, one playbook, two exits. On October 2, the Ethereum Layer 2 network Blast posted a short announcement: operating costs exceeded revenue, so it would shut down [1]. Ten days later, the NFT marketplace Blur announced it would take its site offline on November 12 [2]. Both projects came from the same person — Pacman, whose legal name is Tieshun Roquerre. At its peak, Blur’s monthly trading volume reached $1.43 billion. DefiLlama puts the protocol’s cumulative revenue at $2.26. ...