Welcome to Blast Beat.

If you’re reading this, know that it’s not too late to farm some Blast Gold. Season 2 runs until June 2025, so strap in buddy.

Nothing in the newsletter or on my Twitter account should be considered financial advice. This is my own opinion and I’m just writing about what I see out there. You are responsible for what you do with your money and crypto.

Notable Numbers

Current $Blast Price: $0.01972

Current $Blast FDV: $1.95

Remaining Gold Waves: 12

Jackpots Distributed: 23

Days Since TGE: +7

Blast Beat | July 2

I was waiting all morning for this, and it finally came!

Blast Phase 2 details were released at 5pm ET, and caused a rather aggressive sell-off on the market. This may have also been caused by several short liquidations occurring on Wasabi.

Not to fear though, as this is classic “sell the news” behavior. In hindsight, we should have expected it!

After all, it’s not like the Phase 2 announcement was going to send the token to the moon, unless it had some type of grandiose bull mechanic (i.e. token burn or staking rewards).

Instead, Phase 2 has delivered relatively mild details that clearly puts the onus on the dapps to deliver the goods this coming year.

Here are the highlights from the blog:

And for those who love spending time on LinkedIn, here’s a helpful infographic from BREAD:

What it all means

Well for starters, we can finally get going on Phase 2.

Many dapps have already announced their plans for points and gold, despite not knowing how much of the latter they will receive:

• Wolf Game: Cracked Cave return tomorrow with Gold Points.

• Blastr: Reminded users their points are being accumulated in the background and will be reflected in gold post-distribution.

• IKB: Announced last week that gold will be rewarded retroactively to MLB contest/pick em participants.

And of course it gives much-needed clarity on what Phase 2 will look like, even if its very similar in structure and nature to Phase 1.

As noted above, there’s a huge emphasis on the Dapps to develop A) new ponzis that involve $Blast tokens, and B) mobile apps.

Pacman is betting heavily on there being enough incentive for Dapps to keep innovating and for users to keep playing on Blast.

And when we zoom way way out, we realize that it might just work.

With 10B tokens up for grabs in the next 12 months, that’s technically $200m that will be distributed this coming year (assuming the price holds).

That’s $16,666,666 up for grabs each month. Yowza!

I’ll be back soon with more Blast news. This newsletter won’t be daily like it was in Q2, but I’ll hit you guys up when there’s good and exciting developments to go around.

Stay sharp out there friends!

Thanks everyone for reading! Feel free to drop questions and feedback in the comments or on twitter.