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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 aim to make on-chain the subsequent on-line and onboard 1 billion plus customers into the crypto economic system. The platform goals to develop into the on-chain dwelling for Coinbase and an open ecosystem the place anybody can construct dapps, a bridge that brings customers on-chain and allows 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 referred to as “Base, Launched,” as part of the Base launch.
The NFT is successfully fungible apart from 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 the moment holding the excessive sale at 2.5 WETH, with #420 catching 2 ETH together with a couple of others. In whole, there has already been 400 ETH traded on this assortment, which is overtly minting for one more three days. The Coinbase staff has gone out of their strategy to declare that they’re NOT issuing a brand new token for Base, however some analysts have advised that this NFT might 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 trade for getting and promoting crypto belongings to develop into a extra built-in participant within the total blockchain and cryptocurrency ecosystem.
In the meantime, Spotify is attempting 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 characteristic might be launched with KINGSHIP and Overlord. Holders of those NFTs will comply with particular steps to achieve entry to the unique playlists, which could 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 $1,107,581.10.
Blur and LooksRare, that are two marketplaces that compete with OpenSea, have determined to now not present OpenSea’s flagged objects by default.
PROOF’s new product, Artist Profiles, has been launched, which gives customers the chance to be taught extra concerning the artists and their backgrounds.
1️⃣ Introducing the most recent PROOF product: Artist Profileshttps://t.co/DGDrE2KEg0
🎨 Browse all of the artists within the PROOF ecosystem🎨 Study extra about every artist’s background🎨 Uncover all their PROOF artworks, Artist Spotlights and different content material, together with exterior media pic.twitter.com/dlF2CiBdEA
— PROOF (🥃,🦉) (@proof_xyz) February 23, 2023
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