Base Launches The Base App, Transitioning to Web3 Platform Operator

Coinbase's Base App integrates trading, payments, social media, and AI, marking a significant consumer shift in the crypto space.

ETH

USDC

244d ago

Summary

Coinbase has launched the Base App, a multifunctional platform on the Ethereum Layer 2 network, combining trading, payments, social media, and AI functionalities. The app is currently in limited beta, enabling users to earn rewards through content creation and stablecoin payments while aiming to broaden its audience beyond cryptocurrency enthusiasts.

Terms & Concepts

USD Coin (USDC): A stablecoin pegged to the U.S. dollar, used for digital transactions and payments.
Base Layer 2 network: A scaling solution built on top of the Ethereum blockchain to enhance transaction speed and reduce costs.
Farcaster: A decentralized social network protocol that allows users to publish content and interact with others across applications.