New Coinbase-Incubated Layer-2 Network Revealed Mainnet for Builders

Recent reports reveal that the new layer-2 network incubated by Coinbase, known as Base, has launched its mainnet for builders. This Ethereum (ETH) chain is set for a general release in early August.

Builders can now deploy their products on the chain and receive support from the development team to prepare for the official roll-out.

A press release from the project notes this new phase as a crucial step towards bringing their product to the public.

Base is powered by the blockchain-scaling solution Optimism (OP), and its testnet launched in February.

The project aims to work with Ethereum, Ethereum layer-2s, and other layer-1 blockchains. Base conducted comprehensive internal and external security audits earlier this month.

The project team is pleased to report that no serious bugs were discovered during the audits, providing them with the necessary confidence to move forward with the mainnet launch.

Base is requesting that developers refrain from publicizing their integrations until the official launch of the chain next month.

The project is rewarding Base’s early developers with a non-fungible token (NFT) called the “Genesis Builder NFT.” To earn this NFT, builders must deploy a decentralized application (DApp) on Base and finish an on-chain application.

An Ethereum (ETH) layer-2 chain incubated by Coinbase has just opened up its mainnet for builders ahead of a general launch in early August.

The project, known as Base, notes in a press release that this new phase will enable builders to deploy their products on the chain and receive hands-on support from the development team in preparation for the official roll-out.

Base is powered by the blockchain-scaling solution Optimism (OP), and its testnet launched in February.

The project is designed to be compatible with Ethereum, Ethereum layer-2s, and alternative layer-1 blockchains.

Base completed internal and external security audits earlier this month. The project says the audits didn’t reveal any critical severity bugs, which gives the team behind the project “confidence to proceed towards mainnet launch.”