Coinbase’s Base network has launched a mainnet bridge UI for end users, marking an important milestone in the platform’s development. With the bridge UI, users can onboard to Base without relying on developer tools, making it more accessible and user-friendly. The team has set August 9th as the official launch date for the platform, and to celebrate, they will be hosting an “Onchain Summer” event, featuring various activities and opportunities for users to engage with the network. Additionally, the team will be awarding grants and tokens to developers and content creators who contribute to the Base ecosystem during this period. This article provides an overview of Base’s latest updates and highlights the significance of these developments for the community.
Base launches mainnet bridge UI for end users
Coinbase’s Base network has launched a user interface (UI) for its official bridge, allowing end users to onboard without relying on developer tools. The team has set August 9 as the official launch date for Base. In addition, the team will be awarding over 100 Ether (ETH) grants, worth approximately $184,000, to developers and content creators as part of a month-long launch event called the “Onchain Summer.”
Release of user interface for official bridge
The Base mainnet was launched for builders on July 13, but it did not have a functioning UI for its bridge from Ethereum. Previously, the only way to use the network was to use command-line developer tools to bridge ETH from Ethereum’s layer 1. However, with the release of the bridge UI on August 3, end users can now start using the network immediately without waiting for the official launch.
Official launch date set for Aug. 9
Base has set August 9 as the official launch date for end users. While the mainnet was already launched for builders on July 13, the official launch will allow end users to fully access and utilize the network. This will provide the opportunity for a wider audience to benefit from the features and capabilities of Base.
Onchain Summer celebration
To commemorate the official launch of Base, the team has organized a month-long celebration event called “Onchain Summer.” This event will feature various activities that highlight art, music, gaming, and advocacy onchain. Each day of the celebration will have scheduled activities to engage and entertain the community.
Availability of network for end users prior to official launch
Although the official launch date is set for August 9, the Base network is available for end users prior to this date. This means that end users can start using the network immediately and explore its features and functionalities. However, it’s important to note that some of Base’s initial Web3 apps may not be available until the official launch on August 9.
Grants and incentives for developers and content creators
As part of the launch event, the Base team will be awarding over 100 Ether grants to developers and content creators. These grants will be given to individuals or groups that create Base-related websites, art, videos, or deploy new protocols to the network. The grant distribution will take place between August 9 and September 13, providing an opportunity for developers and content creators to contribute to the growth and development of Base.
In addition to the grants, the Base team will also be rewarding users who bridge to the network or complete educational quests with Base-related nonfungible tokens and ETH rewards. This incentivizes engagement and participation in the Base ecosystem, encouraging users to explore and utilize the network.
Issues faced by investors during initial launch
During the initial launch of Base for builders, some investors faced significant losses. Certain memecoins, like Pond0x (PNDX) and Bald (BALD), experienced issues that resulted in losses for investors. Pond0x saw its token collapse to near zero in price due to a bug in its transfer function, while Bald resulted in losses of approximately $1.9 million when liquidity was pulled from the exchange it was trading on.
These issues highlight the potential risks and challenges associated with investing in new projects and platforms. Investors should exercise caution and conduct thorough due diligence before participating in any investment opportunities.
Overall, the launch of the user interface for the official bridge on Base’s mainnet is a significant milestone that enables end users to easily onboard without the need for developer tools. With the official launch date set for August 9, the Base network will become accessible to a wider audience, providing new opportunities for developers, content creators, and users alike. However, it’s important to be aware of the potential risks and challenges involved, as demonstrated by the issues faced by investors during the initial launch. As the Base ecosystem continues to evolve and grow, it will be essential for all stakeholders to remain vigilant and informed.