Coinbase hits the headlines this week with its latest Layer 2 scaling network, Base. To celebrate the launch, the team released a free open edition of NFT. The new collectible is only available through Zora, a new NFT marketplace, and you can also mint it until this Sunday. Now, the community has a question in mind: is the new L2 solution really good?
Why did Coinbase launch a new NFT?
One of the leading crypto exchanges, Coinbase, has partnered with the Optimism network to create a new Ethereum Layer 2 solution. The new feature titled Base aims to help users develop decentralized applications faster and cheaper than their alternatives.
The exclusive release came with a new Coinbase NFT available for free until next Sunday. The collectible is an open-edition digital asset, which means an unlimited number of users can mint it and use it however they see fit.
The NFT had been minted more than 24,000 times in less than 24 hours. Contrary to these success figures, many members of the NFT community are not satisfied with Base, but why?
For starters, the free “Base, Introduced” NFT was launched via Zora, a popular NFT marketplace. However, Coinbase already has its own dedicated marketplace, and some users claim that it would have been easier to mint the NFT there.
Then there is the matter of Base itself as an L2 solution. For example, many users complained that the new concept does not offer enough decentralization, an essential aspect of the Web3 world.
However, many users also see a future use for the Base solution, so we can only wait and see how it evolves.
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