The real "Revolution" of Base: bringing people on chain.

By The Very Confused Martin Babalor | Crypto Gigs | Airdrops | Earners | 1 Sep 2023

Coinbase's Base network officially launched a few days ago and it's primed to absolutely change crypto as we know it. The stated goal of this operation is bringing all 100 million plus of their customers on chain.
Base could be a real game changer, making it easy for non expert users to access de-fi protocols, web 3.0 gaming, NFTs and much more. I don't know if it makes any sense at all, but it seems to me that Coinbase is doing for Crypto what Apple did for technology: you take something that's already working and you make it easy, accessible and sexy for the whole world through a good UX and marketing activities.

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Coinbase, currently the second biggest exchange in the world, has a proved experience in making a working, easy to use, reliable tool to access cryptos. One of the reason why I like Coinbase more than other exchanges is that they normally stay away from the rollercoaster of crypto-trends, which are high speculative and often based on nothing.

If you are into crypto and you have ever tried to interact with a protocol via Metamask or other wallet, you'll know that it's not exactly super easy for non technical users. That's maybe why the whole De-Fi market at the moment sits under 5 million users (BNB Chain, Solana, Cosmos, Optimism Arbitrum and everything you could think of combined toghether). If Coinbase could bring only 10% of its users onchain this means it's going to double the current market. ea7bdc5a5cb1a9d42cdfeffce150aff1ee74172913804eb865fe25c7a8e7511c.png
https://dune.com/rchen8/defi-users-over-time
This is why I'm quite bullish on Base and I strongly believe this could open some good opportunities if you get onboard early enough.

NO TOKEN

One the main aspect of Base is that could really empower Ethereum. In this sense, Base it's no different from every other Layer 2 already in the market.
By cutting gas fees, and at the same time enhancing speed and security, all the layer 2 solutions aims to solve the biggest problems Ethereum had to face in the last years.
Base is built on top of Optimism, an already operating L2 solution: the OP Stack it's an open source development stack that other developers can use to launch their own customizable L2 systems, with an idea of creating a sort of "super chain". Basically it's this idea that developers will build other L2s using the OP Stack and will create an ecosystem with interoperable chains that will share sequencing bridging infrastructure, improving allowing seamless communication between the various networks. Already a ton of other layer 2s have jumped in to utilize the OP Stack including Base.
Coinbase has stated many times (but that could also change in the future) that they have no plan of releasing a token. This means that if you want to speculate on the growth of Base you'll probably have to keep an eye on Ethereum itself and probably OP, Optimism native token (good news for you Publish0x users, OP will now be the main tipping token here!)

ONCHAIN SUMMER

The first marketing campaign, developed for the the launch of the network, is called Onchain Summer. Basically it's a series of daily event, with NFTs mint included, to celebrate artists, culture, gaming, community, and more. New mints happening daily August 9th - 31st. I see this operation as an opportunity for new users to try the protocols, understand what digital property means, and maybe mint their first NFTs.
Some of these minting are 100% free, so they might be a good opportunity to test the decentralized world for many users. To test these protocols all you need is a small amount of ETH on Base network to cover the very low gas fee costs.
I would not surprised to see Base in one of next Coinbase Wallet quests.

ECOSYSTEM

There' a bunch of Dapps that already supports Base as a working network, or least that said they will use it in the future. If you stop for a moment, you'll realize that it's much easier for Coinbase than anyone else to onboard Dapps, Protocols and Insitution onboard, taking advantage from being the second biggest Ce-Fi exchange in the world.
Aave, ANKR, Compund, Harvest, Animoca Brands, ISKRA, OpeanSea are just some of these Dapps. To see full list, please visit https://base.org/ecosystem

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