What is Base, Coinbase's "Bridge" to the Cryptoeconomy? - Decrypt
Base's goal, per Coinbase, is to house Coinbase's existing on-chain products and an open ecosystem for millions of new decentralized apps....
- Coinbase released "Base," a bridge for users into the cryptoeconomy, housing its on-chain products and an open ecosystem for decentralized apps.
- Base has gained early success, becoming the ninth-largest blockchain by TVL, with $370.50 million in deposits.
- Coinbase has no plans to release a corresponding token at this time, potentially avoiding regulatory issues.
- Base's growth can be attributed to activity on the Web3 social media platform Friend.tech and the addition of reputable DeFi applications.
- Friend.tech is a social token-driven platform that allows users to create and monetize online communities using blockchain technology.
The article highlights the success and potential of Coinbase's Base platform, as well as the growth of Web3 social media platform Friend.tech. The sentiment is generally positive.