Coinbase launches blockchain Base to help developers build dApps onchain

News Summary

  • Base has had conversations with teams building Solana, Avalanche, Polygon and others to work on that vision, Pollak added.Base is also launching an ecosystem fund in partnership with Coinbase Ventures to make mainly pre-seed investments in builders developing on Base across the crypto ecosystem, Pollak said.
  • “Our goal is to bring about phase 4 of Coinbase’s master plan: to bring a billion users into the crypto economy.”The L2 is a “secure, low-cost, developer-friendly” chain that aims to help builders create dApps on-chain, the company stated.
  • The chain is currently in its testnet phase and doesn’t have a specific launch date for mainnet, but expects it to transpire during Q2 of this year, Pollak said.While Base is incubated inside of Coinbase, its plan is to decentralize it “in the years ahead,” Pollak said.
Coinbase, the second largest crypto exchange by trading volume, has launched Base, an Ethereumfocused layer2 (L2) blockchain, Jesse Pollak, lead for Base and head of protocols at Coinbase, told Tec [+3498 chars]