Base will increase Coinbase’s investment in core crypto infrastructure.

With Coinbase's investment in Base, they now have an even larger motivation to help scale the underlying platforms that Base builds on. They’ve started this with their work on EIP4844 and they expect that investment to only increase. They’re excited to contribute back to the core infrastructure that has made their business possible over the last decade.

Base will bring our customers into the cryptoeconomy.

By creating an environment that is in the #Coinbase orbit, has Coinbase-grade security, and is fully onchain, we will be able to bring much more of our activity onchain. We see bringing users and their assets to Base as a stepping stone to them accessing the broader cryptoeconomy. Importantly, we do not want Base to be an island or silo — we want it to be a bridge that is deeply connected to Ethereum L1, other L2s, and even other L1 ecosystems like #Bitcoin, #Solana, and #Cosmos.

#Base will accelerate the development of #Coinbase’s onchain products.

By creating more certainty in where we build, we eliminate the questions that have been stopping our teams before they start. And we create a foundation that we can layer other developer tools around to make building onchain incredibly easy. With Base, we are committing to make it easier for our teams to build onchain rather than off-chain.

What's the reason behind building @buildonbase?

From Coinbase’s start, the secret master plan has been clear and consistent: create an open financial system that increases economic freedom globally.

Over the last decade, its been progressed through the first three stages of what Coinbase envision takes to get there: the protocols (#Bitcoin, #Ethereum), building the exchange (Coinbase Exchange) to serve as a bridge to digital currencies, and creating a mass market interface for #decentralized apps or “#dapps“ (Coinbase & Coinbase Wallet).

And over the last year, alongside continuing Coinbase investments in the first three phases, they have been increasingly focused on how to unlock the final stage: the apps of the open financial system. In particular, what is required to create an environment where thousands of actually useful dapps emerge that can bring 1B+ users into the global #cryptoeconomy?

#base #buildonbase