Coinspeaker
Coinbase-backed Base Set August 9 for Mainnet Launch after Successful Test with Dapp Developers
The mainnet launch of Coinbase Global Inc (NASDAQ: COIN)-backed Ethereum layer two (L2) scaling solution built on Optimism’s OP Stack has been set for next week, August 9, 2023. According to the announcement, the mainnet launch will enable the integration of the Coinbase application and Wallet to the Base platform in a bid to onboard millions of Web3 users to the Ethereum network. As a result, the crypto exchange announced that it will be conducting an event dubbed Onchain Summer with over 50 leading brands led by Coca-Cola, Atari, and OpenSea. Notably, the Onchain Summer event will enable users to mint unique NFT releases from August 09.
Meanwhile, Coinbase shares have gained about 156 percent YTD to trade around $89.88 on Friday. Notably, the company reported second-quarter earnings results above Wall Street expectations with a revenue of $773 million, down from $1.2 billio
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