According to CoinMeta, Ethereum infrastructure company blockspace has officially been established, positioned as a for-profit company focused on building infrastructure outside of the Ethereum protocol (out-of-protocol) to enhance the economy, performance, stability, and related services of the transaction pipeline. blockspace stated that its business model is entirely dependent on the Ethereum ecosystem, generating ETH revenue through operating staking and infrastructure, and using that revenue to continue staking. The company announced that it has completed a round of financing led by blueyard, with participation from etherfi, ventures, sharplink, breed, vc, luganodes, stakely, and other institutions; the amount of financing has not yet been disclosed.