Coinbase’s Base Network Officially Launches, Onboarding Users Now Available
Coinbase’s Base network has officially launched after an “open for builders only” phase. The network is now ready to onboard users, and several Web3 development teams have released apps for Base. Here are the key points:
- Base initially launched in beta version on Feb. 23 and launched its mainnet version “for builders” on July 13.
- Users can bridge Ether (ETH) from mainnet to Base using the official Base bridge, and the cross-chain bridging protocol Wormhole is also available on Base.
- At least two decentralized cryptocurrency exchanges (DEXs) are running on Base, including Uniswap and Maverick Protocol.
- A payment app called Beam is available, allowing users to make payments using U.S. Dollar Coin (USDC) or the app’s native coin, Eco.
- Masa Finance has released its soulbound token protocol for Base, allowing users to register their .masa usernames on Base.
- Aragon has launched its “no-code Aragon app” and “modular Aragon OSx” on Base, enabling the creation of decentralized autonomous organizations (DAOs).
- Multiple brands and projects will allow users to mint NFTs exclusively on Base throughout August and early September.
Despite the initial success, some investors lost money during Base’s phased launch. An estimated $2.2 million was lost in the Pond0x memecoin launch, and $1.9 million was lost during the BALD token launch due to various issues.
By
By
By
By