Coinbase all in on L2
Coinbase has introduced the launch of Base, an Ethereum Layer 2 community constructed utilizing Optimism’s OP Stack, with a purpose to make on-chain the following on-line and onboard 1 billion plus customers into the crypto economic system. The platform goals to grow to be the on-chain dwelling for Coinbase and an open ecosystem the place anybody can construct dapps, a bridge that brings customers on-chain and permits them to go wherever, together with L1, different L2s, and ecosystems like Bitcoin and Solana. The announcement additionally included the launch of a “free” mint commemorative NFT known as “Base, Launched,” as part of the Base launch.
The NFT is successfully fungible in addition to serial numbers and has been delivered through a “free” airdrop, which prices 0.000777 ETH (~$1) and is mintable on Zora till midnight EST on Sunday. Nearly 100,000 of those NFTs have already been minted, and speculators have paid up for low serials, with serial #7 at present holding the excessive sale at 2.5 WETH, with #420 catching 2 ETH together with just a few others. In whole, there has already been 400 ETH traded on this assortment, which is overtly minting for one more three days. The Coinbase group has gone out of their option to declare that they’re NOT issuing a brand new token for Base, however some analysts have prompt that this NFT could possibly be Coinbase’s de facto new token. The announcement is massive for Coinbase, Ethereum, and sure all of Web3. The transfer additionally underlines Coinbase’s ambition to develop past simply an change for getting and promoting crypto property to grow to be a extra built-in participant within the general blockchain and cryptocurrency ecosystem.
In the meantime, Spotify is making an attempt out a brand new use case with their token-gated playlists, permitting holders of particular NFTs to entry unique audio content material solely accessible for these of their NFT group. The function will probably be launched with KINGSHIP and Overlord. Holders of those NFTs will comply with particular steps to realize entry to the unique playlists, which will be accessed through the Spotify app.
Different NFT Information
Within the bidding for the Dookey Sprint golden key, the UPDAO from Pixel Vault made the very best bid of 690 ETH $1,131,655.20.
Blur and LooksRare, that are two marketplaces that compete with OpenSea, have determined to not present OpenSea’s flagged objects by default.
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— PROOF (🥃,🦉) (@proof_xyz) February 23, 2023