NiftyNoon: Coinbase's Secret L2 Revealed
Coinbase launches Base, a layer 2 built on top of the Optimism tech stack (February 24, 2023)
Nifty Thought
Coinbase’s launch of its own layer 2 is huge news for the crypto world that also has strong ramifications for NFTs as well. Base, the Coinbase Layer 2 built on top of Optimism’s tech stack, will serve as the literal on-chain base for all of Coinbase’s millions and millions of users. Notably, the gas token for this chain is not proprietary but rather the same ETH the NFT market transacts with. In the long run, this could lead to broader adoption of decentralized apps and NFTs which would be strong upward pressure on asset prices across the board. With all of this being said, Base is unlikely to significantly impact NFT values in the near future. However, Coinbase is laying a strong foundation to support its future success and the success of all things crypto moving forward. This is a big deal.
Project News
Coinbase announces BuildOnBase, an ETH L2 offering a developer-friendly secure way for building decentralized apps:
Blur and LooksRare will no longer show third-party stolen flags in the UI by default:
Momoguro, one of the most highly anticipated NFT mints for 2023, shares their broader vision and background:
PROOF announces artist profiles feature for their ecosystem of creatives:
1️⃣ Introducing the newest PROOF product: Artist Profiles proof.xyz/artists 🎨 Browse all the artists in the PROOF ecosystem 🎨 Learn more about each artist’s background 🎨 Discover all their PROOF artworks, Artist Spotlights and other content, including external mediaCollabLand faces issues with heavy traffic during $COLLAB token claim:
Worldwide Webb raises $10 million in a round of financing led by PanteraCapital:
Community News
Blur founder revealed as 24-year-old Thiel Fellow and MIT dropout:
Quick Stats:
OpenSea ETH Daily Volume: 7,929 ETH (▼ 5.54%)
Blur ETH Daily Volume: 41,057 ETH (▼ 34.15%)
BTC: $23.849.63 (▼ 2.4%)
ETH: $1,652.18 (▼ 1.02%)
Solana: $23.97 (▼ 2.42%)
Polygon: $1.35 (▼ 3.53%)
NFT Daily Winners:
🦧 Bored Ape Yacht Club: 75.50 ETH (▲ 9.6%)
🧝🏼♀️ DigiDaigaku: 9.00 ETH (▲ 5.88%)
🌈 Doodles: 5.59 ETH (▲ 3.52%)
🐈⬛ VeeFriends: 4.80 ETH (▲ 1.05%)
⛩️ Azuki: 15.19 ETH (▲ 0.26%)
🧟 Mutant Ape Yacht Club: 16.19 ETH (▲ 0.25%)
🐧 Pudgy Penguins: 5.38 ETH (▲ 0.02%)
🚬 CryptoPunks: 63.95 ETH (► 0.00%)
🥃 Proof Collective: 15.25 ETH (► 0.00%)
NFT Daily Losers:
🦉 Moonbirds: 6.35 ETH (▼ 0.73%)
🧬 Clone X: 5.18 ETH (▼ 1.22%)
🏳️🌈 Chromie Squiggles: 12.50 ETH (▼ 3.85%)
Notes:
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