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RE: LeoThread 2023-08-10 01:24

in LeoFinance • 2 years ago

🧵 1. Coinbase launches Ethereum layer-2 network Base, aiming to drive development of decentralized apps. Already $142M locked in ecosystem. #crypto

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🧵 2. Base's launch event, Onchain Summer, showcases its ambition to bring millions of new users on-chain. Over 100 decentralized apps available.

🧵 3. Coinbase's Base focuses on incubating developers and avoids introducing native tokens like Arbitrum and Optimism. Promotes growth and expansion.

🧵 4. By not issuing a token, Coinbase side-steps regulatory challenges amidst legal pressure. SEC lawsuit unlikely to derail Base development.

🧵 5. Jesse Pollak, Coinbase’s senior director of engineering, highlights Base's potential beyond cryptocurrencies. Building for a new world.