KOL Revelation: The Plasma team is composed of the original L2 project Blast members, and their relationship with Tether is not very close

BlockBeats News, September 23rd, according to Crypto Fearless, the Plasma team is the original L2 project Blast team. Plasma is not closely related to Tether, Tether co-founder Paolo Ardoino, during Plasma's $24 million valuation round, personally invested only $50,000.

He stated that the main driving force behind Plasma is Framework Ventures, which used information asymmetry to portray Plasma as the "beloved child of Tether," but the entire team has almost no experience in payments or stablecoins.

At the same time, he emphasized that Pacman (Tieshun) had a falling out with the original Blast team, and except for Tieshun, the other key members of the original team came out to work on Plasma.

Crypto Fearless also stated that during communication with a key figure from Tether in South Korea, the other party stated that Plasma has no direct relationship with Stable or Tether.