Soulbound Masa Finance tokens will soon be available on Coinbase’s Base network, according to a statement on April 4. advertisement of Mass Finance. The new tokens will allow users to link identification and reputation characteristics with their wallet addresses, making it possible to subscribe to credits on the blockchain, the company said.
@getmasafi to launch Soulbound Token Protocol & Developer Toolkit on @Build0nBase
Blockchain with Base SBT Developer Toolkit Masa will support seamless deployment and interaction with SBT on Basehttps://t.co/MA9RDWYBAA#SBT #web3 #Time #soulbound #nft #identity pic.twitter.com/bGRxTXxYqb
— WarTask (,) (, ) (@WarTask1) April 4, 2023
Masa had previously released its Soulbound Token protocol for Ethereum and Celer.
In his announcement, Masa stated that the protocol can be used for a wide variety of applications, including human-readable domain names, membership badges, loyalty programs, achievement badges, decentralized captcha bots, and more.
It will release a Base SBT developer toolkit in the coming weeks that will “support seamless implementation and interaction with SBT in Base”, including a quick start guide, a Masa command line interface, a developer kit of software, REACT development tools and examples of how to create applications using Soulbound tokens from Masa.
Related: Coinbase wants developers to build inflation-linked ‘flat coins’ for the ‘Base’ network
Coinbase is the largest centralized crypto exchange in North America. It launched its Base Network testnet on February 23, planning to implement it as an optimistic summary layer 2 for Ethereum. On March 23, Coinbase issued a Builder Request that asks developers to build various kinds of protocols for Base, including a chain reputation system.
In response to this request, Masa began developing a Base version of its soulbound protocol, the company said in its announcement.
The announcement of the creation of the Base Network has contributed to bullish sentiment within the Ethereum community, with some users expressing the hope that it will lead to further onboarding of Coinbase users to Ethereum. In an interview with Bloomberg Radio, Coinbase CEO Brian Armstrong claimed that “centralized players” on Base will need to implement some form of identity verification for users.
