The new firm says it will build out-of-protocol infrastructure for Ethereum transaction pipelines and recycle ETH income from staking and operations back into staking.
Blockspace has formally launched as a for-profit Ethereum infrastructure company focused on building out-of-protocol infrastructure, or services that operate outside the core Ethereum protocol, to improve the economics, performance and resilience of transaction pipelines and related services. The company said its business model is entirely tied to the Ethereum ecosystem, generating ETH income through staking (locking crypto to earn rewards) and infrastructure operations, then redeploying that income into additional staking. It also said it has completed a funding round led by BlueYard, with participation from etherfi Ventures, Sharplink, Breed VC, Luganodes and Stakely, although the amount raised was not disclosed.