All Eyes On The Base Blockchain

The Base Blockchain has been slowly going about its business over the last few months and the eagle eye early adapters are busy buying NFT's swapping tokens and being active on the new blockchain in a hope the Base NFT holders will be awarded with base tokens when the blockchain does issue its own token. Many of my crypto enthusiasts have put funds aside and bridged from Ethereum main net to Base Ethereum just to cover fees of free NFTs that are coming down the line. Rumour has it that if you hold certain NFT's then this will go towards your total airdrop so it is safe to say that the Base Blockchain is becoming more active day by day.

Now what is it about Base that is different from the others. Not much really bar one exception. It is Coinbase's blockchain for all the world and it will be integrated with the app. Now Coinbase are saying they are incubating the L2 Ethereum and they have no plans to issue a Base token but the crypto community does not believe them. The blockchain has fees albeit lower than Ethereum but they are still hefty enough but it seems people do not care about these if the end result gives them more rewards. Something we could learn on the Hive Blockchain. Being free is not always all it is cracked up to be. Hype beats free all day long.

Let us have a look at their original mission to see where Coinbase are on the journey to launch Base. They say they have been developing their company for ten years to finally be in a place to launch their blockchain. Interesting stuff. Coinbase is the big boy in crypto and has seen off many competitors to make it the company that other big businesses use as a stepping stone into crypto. Every day you see the big financial companies use Coinbase for this reason so this is where the big money is.

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So say for example if they do launch a Base token then you are looking at quite a valuable token straight from the word go so is it any wonder people are spending 1000's of dollars just to validate the current chain and get as much of a stamp on the blockchain as possible. I myself have been buying a few NFT's here and there that I think are going to influence an airdrop if it comes. There are also certain NFT's that become available just for a limited time which are also considered gold dust by some crypto treasure hunters. Below are a few NFT's from my Coinbase wallet that I have collected lately that may help in my airdrop attempt in the future. Even if I was airdropped one token that may become more expensive than Ethereum then that is a complete success for me.

So Base looks to be the new kid in town. The blockchain that will most likely move crypto away from the Memecoin craze. This I reckon is the next shift and they larger this blockchain is getting the more demand for a token there will be. Coinbase deny it but there will be a need for one. So we are in very early to this one. A few pound in fees may go a long way here. I have been with Coinbase from the beginning. I missed many boats in the crypto career and I ain't gonna miss this one.

This is not financial advice for all the claimers out there.

Posted Using InLeo Alpha