shuichen

@shuichen

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Coinbase Ventures has invested $1 million in a strategic funding round for Ampleforth Foundation’s decentralized low-volatility commodity money, SPOT. SPOT is set to launch on the Coinbase-incubated Ethereum Layer 2 Network Base as part of the deal. Flatcoin technologies like SPOT, designed to track the cost of living, have been described by Coinbase CEO Brian Armstrong as the “next iteration of stablecoins.”

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Have a nice day

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A beautiful day

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The backing of Coinbase brings several key advantages that set Base up for success. Trust: As one of the most recognized and trusted names in the industry, Coinbase lends it credibility to the chain, aiming to ensure prospective users that the chain will be operated with integrity. This is not only essential to attracting Coinbase’s 110 million users by providing them a friendly and safe place to venture onchain, but also in allowing Base to field major partnerships like their most recent one with Stripe. developer platforms.

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Mint Farcaster: Kangaroo

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Don't get excited. This is just the beginning.

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Enjoy your life in the moment

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Launching in July 2023, Base is built on the OP Stack and is designed to enable cheaper and faster ethereum transactions, a key feature that has been instrumental in its success.Since launch, Base has built a vibrant ecosystem across DeFi, NFT, and user-friendly apps, placing it at the forefront of all on-chain trends.It partnered with Stripe to launch a stablecoin service, has been a hub for launching Layer 3 (L3) solutions, and has been at the center of a liquidity rotation that continues to generate cries of 'Base season', even surpassing Optimism in terms of on-chain TVL!

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https://warpcast.com/saintonfrack/0x0dfee79f

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