Key Takeaways:
- Coinbase’s layer-2 solution, Base, surpassed 4 million active addresses, fueled by its successful “Onchain Summer” campaigns in 2023 and 2024.
- The 2024 campaign relaunched with a $2 million rewards pool for developers and featured a partnership with Atari’s Web3 division to bring classic games to the blockchain.
- Controversy arose after Stackr Labs’ CEO claimed to have manipulated a game’s leaderboard without playing, casting doubts on the platform’s transparency.
Coinbase’s layer-2 solution, Base, recently surpassed 4 million active addresses, driven by its successful “Onchain Summer” campaign.
This event, first launched in 2023, aims to boost adoption by incentivizing developers and engaging users.
last week @base had an ATH of 4m active addresses
— Jesse Pollak (jesse.xyz) 🛡️ (@jessepollak) August 19, 2024
minted this moment on @DuneAnalytics on @base pic.twitter.com/kKCSS3OAl3
The 2023 campaign saw 268,000 wallets mint over 700,000 NFTs and facilitated $242 million in crypto transfers.
Due to its success, Base relaunched the initiative in 2024, offering 600 ETH (around $2 million) in rewards for developers from June to August.
As part of the campaign, Base partnered with Atari’s Web3 division to bring classic arcade games like Asteroids onto the blockchain.
However, controversy emerged when Stackr Labs’ CEO alleged that the blockchain integration was incomplete, as his team manipulated the game’s leaderboard without playing, raising questions about the platform’s transparency.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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