Introduction to BLASTR | Without a bank

Blast is currently the only layer 2 (L2) that offers native yield via ETH staking and real-world assets (RWA).

The idea? Holders of ETH and stablecoins on Blast automatically earn interest simply by holding their assets on the network.

One project that has built an interesting path to creator monetization around this model is BLASTERa platform that makes it easy to create and collect “unbreakable” NFTs.

via BLASTER

Indeed, BLASTR integrates with Blast’s yield system to provide a secure and profitable environment for NFTs. Here’s how it works:

1. Collection setup: Creators can configure their NFT collections by setting mint prices, supply, and lock durations. Each collection launches its own ERC721 smart contract, ensuring autonomous control over funds and decisions.
2. Typing process: When an NFT is created, the ETH used is locked in the smart contract for the specified duration. This ETH generates yield thanks to Blast’s native yield system.
3. Redeemable NFTs: Post-lockdown period, NFTs can be redeemed. If a holder opts for a refund, the NFT is burned and the ETH is returned.
4. Revenue generation: Creators earn native BLAST yield from ETH locked in their contracts, not to mention Explosion Points and Explosive Gold. For example, BLASTR’s calculator estimates annual revenues of approximately 22.22 ETH for a collection of 5,555 coins minted at 0.1 ETH per coin.

via BLASTER

That said, collectors can also earn points and gold rewards by collecting NFTs on BLASTR. Simply browse existing collectionsfind one whose price and benefits suit you, then mint the amount you want.

As mentioned previously, the ETH you use for coinage will be locked, increasing the yield over time for the creator of the NFT. Once the lock-up period is over, you can keep your NFT or get a refund, ensuring a risk-free collecting experience.

On the other hand, creating an NFT collection on BLASTR is also simple. It only takes a few steps:

1. Start your collection: Connect your wallet to blastr.xyz/create and start a new collection by filling in the main details such as name, description, mint price and supply.
2. Personalize: Style your collection with images, banners and social media links however you see fit.
3. Prepare your contract: Define the details of your smart contract and prepare your illustration. BLASTR created a useful guide about uploading artwork to IPFS if you need help here.
4. Finalize: Customize your public and private typing phase settings, then tap the “Deploy” button.
5. Launch: Once deployed, your collection page will be live. Here you can edit your collection as needed or tap “Launch Public Mint” to start your deposit. Please note, the first 5 minutes will be reserved for BLASTR keychain.

via BLASTER

In the future, if BLASTR sees continued success, it could encourage more platforms to adopt similar models, i.e. integrate Blast’s native performance into their applications.

In the meantime, the use cases for BLASTR are very open, from DAO memberships to on-chain subscription services, so keep an eye out for this as it’s a new on-chain way for creators to monetize their work.

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