Coinbase Releases Bridge for Its Ethereum Layer-2 Solution, Sets Launch Date for the Mainnet

Top US-based crypto exchange platform Coinbase is announcing the launch of a bridge for its Ethereum (ETH) layer-2 scaling solution.

The project, called Base, is powered by the blockchain-scaling solution Optimism (OP) and is also slated to launch its mainnet on August 9th.

To help kick off the launch of the bridge, Base is throwing the first ever on-chain summer festival.

“Base is now open for bridging. Base opens for everything on August 9. We’re helping throw an on-chain festival to celebrate.

We’re working with 50 of the best builders, products, artists, and brands, to showcase emerging on-chain culture every day in August. We’ll bring you something fun to do on-chain – a first-of-its kind on-chain festival.”

According to Base, to bridge to the layer-2 scaling solution, users can go through the project’s official website, take a quiz on Coinbase or the Coinbase wallet app, or use various web3 protocols such as Galxe, Layer3, or to mint a non-fungible token (NFT).

Last month, Base opened up its mainnet to developers and completed internal and external security audits, leading the path to its launch next week.

Previously, Coinbase noted its goal is to onboard over a billion people into the crypto economy, also adding that there are no plans to launch a network token associated with Base.

“Our goal with Base is to make on-chain the next online and onboard one billion+ users into the cryptoeconomy. In pursuit of this goal, Base will serve as both a home for Coinbase’s on-chain products and an open ecosystem where anyone can build.”

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