Blockfrens
@blockfrens
Coinbase, the popular cryptocurrency exchange, recently announced the launch of Base, an Ethereum Layer 2 (L2) network designed to offer a low-cost, secure, and developer-friendly platform for building decentralized applications (dApps) on-chain. 🧵 https://i.imgur.com/MI4u5sP.jpg
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Blockfrens
@blockfrens
The network aims to be an open ecosystem where anyone can build and serve as a home for Coinbase's on-chain products. According to the company, the goal of Base is to "make on-chain the next online" and onboard one billion users into the crypto-economy. 🧵
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Blockfrens
@blockfrens
Base is incubated inside Coinbase, utilizing the company's decade of experience building crypto products. Coinbase is building Base on Optimism's OP Stack to support the path towards decentralization, with the vision of creating a standard, modular, rollup-agnostic Superchain powered by Optimism. 🧵
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Blockfrens
@blockfrens
Coinbase made clear via the announcement and in their Twitter bio that they have no plans to issue a new network token. Gas fees will be paid in the native $ETH token, unlike many layer-2 scaling solutions. 🧵
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Blockfrens
@blockfrens
The company sees Base as a critical component of its secret master plan - phase 3.5 - creating an open financial system that increases global economic freedom. 🧵
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Blockfrens
@blockfrens
Coinbase is also offering two free-to-mint NFTs following the launch of Base. The first, "Base, Introduced," is a commemorative NFT that celebrates the initial launch of Base. Available on Zora through Sunday at midnight EST. 🧵 Mint here: https://zora.co/collections/0xd4307e0acd12cf46fd6cf93bc264f5d5d1598792
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Blockfrens
@blockfrens
The other is exclusive to Base's Mirror newsletter subscribers to celebrate the historic collaboration between Base and Optimism. The BASEd and Optimistic NFT commemorates the Superchain & the decentralized future of the crypto-economy. 🧵 Mint here: https://base.mirror.xyz/H_KPwV31M7OJT-THUnU7wYjOF16Sy7aWvaEr5cgHi8
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Blockfrens
@blockfrens
To learn more about the launch of Base, visit base.org
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