Base Mainnet Bridge Opens to the Public
Coinbase’s layer-2 scaling solution, Base, has announced the opening of its Mainnet Bridge to the public. This move is part of Coinbase’s goal to onboard a million builders and users to the blockchain. The Base Mainnet Bridge will allow users to access the platform and its features.
Key Points:
- Base officially debuted on July 13, but only developers could use the network initially due to the lack of a user interface for its bridge from Ethereum.
- The Bridge UI is now running, making Base accessible to anyone. However, some Web3 apps may not be available until the official launch on August 9.
- The “Onchain Summer” festival, organized by Base, aims to showcase the platform’s potential and foster innovation in the blockchain space. The festival will feature various events such as art exhibitions, music concerts, gaming tournaments, and advocacy campaigns.
- Base is offering grants worth over 100 ETH to developers and creators who contribute to the growth and utility of the platform.
- Users can bridge assets to Base through six different methods, including using the Onchain Summer festival, the dedicated “Base Bridge,” participating in “Quests on Coinbase,” utilizing “Galxe,” connecting through “Layer3,” or using “Mint.fun.”
Hot Take:
Base’s Mainnet Bridge opening to the public is a significant milestone in Coinbase’s efforts to onboard more users to the blockchain. The “Onchain Summer” festival and grants provided by Base aim to showcase the platform’s potential and encourage innovation in the blockchain space. However, the DeFi sector’s increased scrutiny from regulators and recent security concerns in the Base ecosystem highlight the challenges and risks associated with this emerging technology.
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