Free NFT Available on Zora to Celebrate Coinbase’s Base Network Launch

Free NFT Out there on Zora to Rejoice Coinbase’s Base Community Launch

February 25, 2023 Off By lordanime37

Coinbase makes headlines this week with its newest layer-2 scaling community, Base. In an effort to have fun the launch, the staff dropped a free open version NFT. The brand new collectible is simply obtainable by way of Zora, a brand new NFT marketplace, and you may mint it too till this Sunday. Now, the group has one query in thoughts: is the brand new L2 answer truly good?

Free NFT Available on Zora to Celebrate Coinbase’s Base Network Launch
Coinbase launched an open version NFT together with its new Ethereum Layer 2 answer, Base.

Why Did Coinbase Drop a New NFT?

One of many main crypto trade platforms, Coinbase, teamed up with the Optimism community to create a brand new Ethereum Layer 2 answer. The brand new characteristic titled Base goals to assist customers develop decentralized apps sooner and cheaper than its alternate options.

The unique launch got here with a brand new NFT by Coinbase obtainable at no cost mint till subsequent Sunday. The collectible is an open-edition digital asset, which signifies that an infinite variety of customers can mint and use it as they please.

The NFT had been minted greater than 24,000 occasions in lower than 24 hours. Opposite to those profitable figures, many NFT group members aren’t happy with Base – however why?

screenshot from a Coinbase NFT announcement for their new L2 scaling solution Base
Coinbase revealed the brand new Ethereum L2 answer by way of Twitter this week. Credit score: Twitter

How Did The NFT Group Reply?

To start with, the “Base, Launched” free NFT dropped by way of Zora – a well-liked NFT market. Nevertheless, Coinbase already has its personal devoted market, and a few customers declare it could’ve been simpler to mint the NFT there.

Then, there’s the problem of Base itself as an L2 answer. For instance, many customers complained that the brand new idea doesn’t supply sufficient decentralization – a vital facet of the Web3 world.

Nonetheless, many customers additionally see a future use for the Base answer, so we are able to solely wait and see the way it evolves.

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