Author: William M. Peaster, Bankless; Translated by: Wuzhu, Golden Finance
Blast is currently the only Layer 2 that offers native yield through ETH staking and real-world assets (RWA).
ETH and stablecoin holders on Blast automatically earn interest simply by holding their assets on the network.
BLASTR is a project that has built an interesting path for creator monetization around this model, with a platform that makes it easy to create and collect NFTs.
This is because BLASTR integrates with Blast’s yield system to provide a safe and profitable environment for NFTs. Here’s how it works:
Collection Settings: Creators can set up their NFT collections by defining the minting price, supply, and time lock duration. Each collection launches its own ERC721 smart contract, ensuring DIY control of funds and decisions.
Minting process: When an NFT is minted, the ETH used is locked in a smart contract for a specified period of time. This ETH generates income through Blast's native income system.
Refundable NFT: After being locked, the NFT can be returned. If the holder chooses a refund, the NFT will be destroyed and the ETH will be returned.
Revenue generation: Creators earn BLAST native revenue from the ETH locked in the contract, not to mention Blast Points and Blast Gold. For example, BLASTR estimates that the annual revenue for 5,555 collectibles minted at 0.1 ETH per mint is approximately 22.22 ETH.
That said, collectors can also earn points and rewards by collecting NFTs on BLASTR. Simply browse the existing collections, find the one with the right price and offer for you, and mint it.
As mentioned earlier, the ETH you use for minting will be locked, and over time, the NFT creator will receive the benefits. After the lock-in period is over, you can keep your NFT or get a refund, ensuring a risk-free collection experience.
On the other hand, creating an NFT collection on BLASTR is also simple. It only takes a few steps:
Start Your Collection: Connect your wallet at blastr.xyz/create and start a new collection by filling in key details such as name, description, mint price, and supply.
Customize: Stylize your collection with images, banners, and social media links as you see fit.
Prepare your contract: Define your smart contract details and prepare your artwork. If you need help, BLASTR has created a helpful guide on uploading artwork to IPFS.
Finalize: Customize your public and private foundry stage settings and press the Deploy button.
Launch: After deployment, your collection page will go live. From here you can edit your collection as needed, or press "Launch Public Mint" to begin your minting. Please note that the first 5 minutes will be reserved for BLASTR key holders.
Going forward, if BLASTR continues to be successful, it could inspire more platforms to adopt a similar model of integrating native Blast into their apps.
In the meantime, BLASTR’s use cases are wide open, from DAO memberships to on-chain subscription services, so keep an eye on it as a novel on-chain way for creators to monetize their work.