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:

  Coinbase @coinbase

  1/ 🔵 We’re excited to announce @BuildOnBase. Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy.

• Blur and LooksRare will no longer show third-party stolen flags in the UI by default:

  Blur @blur_io

  1/2 Starting today, Blur and @LooksRare will no longer show third party flags in the UI by default. We've found that flags hurt end users more than they help.

• Momoguro, one of the most highly anticipated NFT mints for 2023, shares their broader vision and background:

  Momoguro @MomoguroNFT

  Our vision for Momoguro 🧵

  

• PROOF announces artist profiles feature for their ecosystem of creatives:

  PROOF (🥃,🦉) @proof_xyz

  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 media

  

• CollabLand faces issues with heavy traffic during $COLLAB token claim:

  🦾 Collab.Land 🤖 @Collab_Land_

  $COLLAB: All the members, all at once!! We are facing extremely heavy traffic at this time. We appreciate your patience (and ps the claim window is 3 months - no need to rush!)

  

• Worldwide Webb raises $10 million in a round of financing led by PanteraCapital:

  Worldwide Webb @Worldwide_WEB3

  1/ We are thrilled to announce that Worldwide Webb has raised $10 million in a round of financing led by @PanteraCapital.

  

  coindesk.comPantera Invests $10M in Metaverse Game Worldwide WebbThe Web3 game allows players to use their existing NFT collections as avatars.

Community News

• Blur founder revealed as 24-year-old Thiel Fellow and MIT dropout:

  Pacman | Blur.io @PacmanBlur

  Web2 me vs Web3 me A thread 🧵

  

  

  whalechart @WhaleChart

  JUST IN: Blur founder 'Pacman' revealed as 24-year-old high school, 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:

• If you find quick daily NFT updates helpful, please feel free to subscribe:

• The content on this site is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

• Managed by @AxuETH, @SSPxLEO, @xhuewa, and @SpeedyGonzale87