Investor Takeaway:Base is part of Coinbase’s ambitious plans to evolve from a crypto trading platform to a Web3 services provider. The Base L2 blockchain is central to Coinbase's plans for the future growth of the company and the viability of the wider Web3 ecosystem. Perhaps by the end of this year, we will have a clearer picture regarding both.
After months of anticipation, the public launch of Coinbase’s newest project, the Base blockchain, is finally here. Considering that this project comes from the world’s second-largest cryptocurrency exchange (and North America’s largest), expectations for the project are high.
It also comes at a sensitive time for Coinbase and the broader crypto ecosystem, as increased regulatory pressures have hit the industry hard. Base represents a strong push toward the future of DeFi and other Web3 services.
Also, spoiler alert: there is no $BASE token, at least not one that's associated with Coinbase and the Base blockchain. Here's how you can invest instead. |