Tag: news
Coinbase’s Base Layer 2 Explores Native Token Issuance
The post Coinbase’s Base Layer 2 Explores Native Token Issuance appeared on BitcoinEthereumNews.com.
Key Points: Base explores native token issuance; Brian Armstrong confirms early-stage plans. Token could drive ecosystem growth and decentralization. Potential token valuation between $20 billion and $50 billion. Coinbase’s Layer 2 network, Base, is exploring issuing a native token, marking a change from its earlier stance, as reported by Unchained on September 19th. This exploration could substantially impact Base’s ecosystem, potentially boosting development and user engagement while reflecting a strategic shift in Coinbase’s approach to decentralization. Base Token: A Shift Towards Decentralization and Growth Base’s exploration of issuing a token suggests a departure from its original approach, denoted by its emphasis on ecosystem utility without a proprietary currency. Initially averse to tokens, Base is now considering their potential benefits, with Jesse Pollak and Brian Armstrong leading the initiative. Should Base proceed, it could enhance its ecosystem by introducing liquidity and developer incentives. An initial market cap prediction ranges from $20 billion with possible growth influenced by strategic distribution. Community involvement, including potential airdrops, remains under consideration, aligning with decentralized finance strategies similar to Ethereum. “Initially, considering launching a token wasn’t a priority for us, because we felt we needed to focus on the core product first…now…we’re exploring a network token to further decentralize and make the ecosystem more open, accessible, and community-driven.” — Jesse Pollak, Creator, Base, Coinbase Experts like Ryan Ye predict that a native Base token would significantly impact the DeFi landscape, similar to ETH’s current role. The market’s anticipation is palpable, as Brian Armstrong’s acknowledgment of exploring tokens has generated robust discussion, although the timeline and specifics remain indeterminate. Potential Market Impact: From Valuation to Ecosystem Changes Did you know? Exploring a native token for Base reflects a strategic move similar to how other Layer 2 solutions like Arbitrum and Optimism saw increased liquidity and user activity…
King Princess calls JK Rowling a “demon” & says Harry Potter is “very queer”
The singer seems to believe it is possible to separate the art from the artist.
Right-of-way law seen boosting critical infrastructure projects
MANILA, Philippines — The new right-of-way law that President Marcos signed recently is expected to accelerate the development of infrastructure projects nationwide. These include roads, bridges, energy and water systems and schools. Frederick Go, Special Assistant to the President for Investment and Economic Affairs, said the Accelerated and Reformed Right-of-Way Act will hasten the
Dodgers icon Clayton Kershaw to retire after 18th MLB season
Los Angeles Dodgers pitching great Clayton Kershaw tearfully insisted he was “not sad” as he announced Thursday he will retire after the Major League Baseball season. Kershaw, a two-time World Series champion and three-time Cy Young Award-winner, has spent all of his 18 seasons with the Dodgers. READ: MLB roundup: Dodgers’ Kershaw wins again He
Gilas Pilipinas drops to No. 37 in latest Fiba world rankings
MANILA, Philippines–Gilas Pilipinas dropped to 37th in the latest rankings released on Thursday by world governing body Fiba. The national squad fell three spots based on the tabulations that came out at the conclusion of all continental competitions under the world governing body. Its slip-up had to do with the performance in last month’s Fiba
UST opens UAAP Season 88 with Olympic-inspired spectacle
MANILA, Philippines — University of Santo Tomas opened UAAP Season 88 with a large-scale celebration across its España campus on Friday, welcoming 36,629 attendees in an Olympic-style ceremony. The Thomasian community staged the kickoff at the Main Building and Open Field, marking its first hosting since Season 79 in 2016. This year’s theme is “Strength
India unveils AI governance plan with focus on safeguards, accountability and global alignment
Allots ₹10,300 crore to build sovereign AI models and sector-specific solutions
Ayala acquires majority stake in Cebu Velez General Hospital
MANILA, Philippines — The healthcare arm of the Ayala Group has expanded its presence in the country’s second-largest metropolis. AC Health on Friday announced it had acquired a majority stake in Cebu Velez General Hospital (CVGH). This was done through the Zobel family-led company’s provider arm Healthway Medical Network, in an agreement with the Velez family. READ: Temasek
F1: Kimi Antonelli takes Toto Wolff criticism as ‘fuel’ to do better
BAKU, Azerbaijan— Kimi Antonelli says he has extra motivation to iron out mistakes at the Azerbaijan Grand Prix after Mercedes team principal Toto Wolff branded his performance “underwhelming” at the last Formula 1 race in Italy. “I think it was mainly related to the race, which I agree wasn’t the best. But I took it
Watch: Rory McIlroy and Shane Lowry get into chip competition during Ryder Cup prep
Shane Lowry and Rory McIlroy got into a chip competition as they buckled up for the upcoming Ryder Cup.