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Coinbase's Blockchain Launches Successfully, Attracts Millions in Investments

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Source: CoinDesk
Coinbase's Blockchain Launches Successfully, Attracts Millions in Investments
Photo: CoinDesk
TL;DR

Coinbase has officially launched its Base blockchain, allowing public companies to run their own distributed networks. The move could generate fees for Coinbase and open up new revenue streams from applications built on the blockchain. The Base network is a layer 2 blockchain built on top of Ethereum, and it already has $139 million in deposits locked into apps and protocols, making it the fifth-largest layer 2 blockchain. Coinbase plans to promote the new project's capabilities through its "Onchain Summer" promotion with corporate partners, including Coca-Cola.

Topics:businesscryptocurrencyblockchain#base-blockchain#coinbase#cryptocurrencyblockchain#decentralized-apps#layer-2-blockchain#public-companies
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  1. Coinbase Officially Launches Base Blockchain in Milestone for a Public Company  CoinDesk
  2. Investors Sent Millions to Coinbase's Blockchain Ahead of Official Launch  The Wall Street Journal
  3. Coinbase Ethereum L2 Launches Mainnet With $142M Already on Its Network  Decrypt
  4. Coinbase Exec: ‘There’s No Playbook’ for Public Company Launching Blockchain  CoinDesk
  5. Can Coinbase's Blockchain Fix Its Losing Streak?  The Wall Street Journal
  6. View Full Coverage on Google News

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