Base

Bitcoin

cbBTC is onchain.

cbBTC is an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase.

This means millions of BTC holders can now securely access DeFi apps on Base and Ethereum ecosystems—with more chains coming soon.

So … I bought 1005 of these, thinking I was buying cbBTC. Everything Coinbase does is confusing with other products. 😆

I agree.  They don’t need to mint an NFT everytime they have a bowel movement. It’s disingenuous at best.

Would be nice if they used some of their cash to reward buyers/holders, but they never do. Same with Farcaster. We buy and support these things with nfts, but airdrops are dead.