Key Takeaways
- Coinbase’s Base network is set to have a full public access launch on August 9, representing a significant milestone in the onchain ecosystem.
- The platform aims to attract millions of new users, including both builders and individuals, into the world of blockchain technology and cryptocurrencies.
- The introduction of the Ethereum bridge is a pivotal aspect of the Base network’s launch.
Coinbase, the renowned cryptocurrency exchange, is gearing up for a significant milestone with the full public access launch of its Base network on August 9. This eagerly anticipated event marks a pivotal moment in the onchain ecosystem as it aims to bring millions of new users into the world of blockchain technology. The Base network is geared towards attracting both builders and users to the onchain space, creating an open, global economy with increased economic freedom.
Main Objectives of Base Network:
The primary objective of the Base network is to serve as a gateway for millions of builders and users to enter the onchain space. Coinbase intends to make it easier for individuals and teams to engage with blockchain technology, develop decentralized applications (dApps), and explore the potential of cryptocurrencies. This move is expected to drive widespread adoption of blockchain technology and expand the horizons of the digital economy.
Pivotal Role of Ethereum Bridge:
A key feature of the Base network’s upcoming launch is the introduction of an Ethereum bridge. This bridge will enable seamless connectivity between Ethereum and the Base network, allowing users to easily transfer assets and data between the two platforms. The Ethereum bridge is a crucial component in promoting interoperability and expanding the scope of decentralized finance (DeFi) and other onchain activities.
Onchain Summer Festival
In celebration of the Base network’s launch, Coinbase has organized the “Onchain Summer” festival. This month-long extravaganza is a collaborative effort involving 50 builders, brands, products, artists, and creators, showcasing a diverse array of onchain activities. The festival’s offerings will include art exhibitions, music events, gaming competitions, advocacy initiatives, and much more, all designed to highlight the immense potential of blockchain technology and its impact on various industries.
Grants Encouraging Participation
Coinbase, in partnership with PropHouse, is actively encouraging individuals and teams to participate in the various onchain activities during Onchain Summer. The platform is offering grants in different categories to support creative endeavors. These categories include art projects, website creation, protocol deployment, and more. The grants are aimed at fostering innovation and creativity within the builder community, thereby contributing to the growth of the onchain future.
Bridging ETH to Base
To ensure seamless integration and accessibility, Coinbase has introduced multiple ways for users to bridge Ethereum to Base. Among the options available are the Base Bridge, Coinbase Quests, Galxe, Layer3, Mint.fun, and other popular wallets. This diversity of bridging solutions allows users to choose the most convenient and efficient method to interact with the Base network and its associated functionalities, facilitating broader adoption and usage.
Coinbase’s Base network, with its upcoming full public access launch and the introduction of the Ethereum bridge, is poised to revolutionize the onchain ecosystem. As more individuals and teams embrace blockchain technology, the transformative power of the builder community is set to shape the onchain future.
Source
https://base.mirror.xyz/h028XVTdP7QtZZfWAHuJ9OYmMNs0Fyi4e4fJZH_5ik4
