Firstly if that is an accurate figure, then no the engine will not start with that compression unless you can spin it around 1000 rpm.
Fuel and air combust only within specific ratios and these ratios change with pressure.
Second unless you have some real fancy gear that allows the tester to take up the exact same amount of space in the head, the compression figures will be wrong.
This is why we test these engines with a pressure pump and vacuum pump
For most 2 stroke engines you need around 70psi for them to fire .
Pull the muffler off and have a good look inside the engine.
Chances are you will find scoring on the ring or bore.
It takes SFA to drop the compression down to a non functioning level.
Money wise it is not worth the effort of fixing.
Cheap single ring 2 strokes are throw away items.
Most have chrome plated bores and the cheaper they are the thinner the plating.
SO unless this blower has a great sentimental valve, it is now scrap metal.