Base, the official L2 public chain of cryptocurrency exchange Coinbase, was officially launched on the mainnet on the 9th last week. At the same time, it specially held "Onchain Summer", a several-week celebration of on-chain art, culture, music, and games, inviting more than 50 brands , platform, creator participation, including: Coca-Cola, OpenSea, game publisher Atari..

It is understood that the Onchain Summer event started on the 9th and ended on the 31st of this month. Today, the well-known beverage brand Coca-Cola debuted, collaborating with emerging artists such as Aket, WonderBuhle, Fatma Ramadan, etc., and integrating with the brand story carried by the Coca-Cola bottle to create a unique and meaningful on-chain collectible.

Coca-Cola combines Van Gogh’s works to launch NFT!

According to the Onchain Summer website, the on-chain collectibles launched by Coca-Cola integrate iconic artworks and new works from emerging talents, all of which will be integrated with the Coca-Cola bottle and become an innovative way for Coca-Cola to participate in the new digital era and expand globally. Influence methods.

At present, Coca-Cola has launched a total of 8 on-chain collectibles. The classic works with historical significance are Edvard Munch's "The Scream", Johannes Vermeer's "Girl with a Pearl Earring" and Vincent van Gogh's "In Al's Bedroom". These NFT The minting price is 0.014 ETH.

The other 5 are works by emerging artists, including Aket's "Sacred Pastoral", Wonder Buhle's "You Can't Curse Me", etc., with a minting price of 0.0011 ETH. As of press time, there are 2.5 days left until the casting deadline for Coca-Cola Series NFTs.

Base’s TVL surged 70% in the past seven days, reaching $197 million

It is worth mentioning that Base’s TVL continues to soar, reaching US$197 million as of press time. Another L2Beat data shows that TVL has skyrocketed by 70% in the past seven days, reaching fifth place among all Layer 2s in a short period of time.

As the cryptocurrency market revolves around the tonality of "speculating on the new, not the old", the Base chain has experienced an explosion in the first two weeks of its ecology, and even created a meme coin that is said to be a thousand times a day and is known as the Bald King$ BALD, and when the developer's mainnet is online, because users can only deposit funds into L2 through the Portal Proxy Contract, but cannot get the funds back to L1, it becomes a constant inflow of funds and The key to the crazy hype of meme coins.

Although there are only relatively basic ecological projects and assets on Base at present, according to L2BEAT data, as of press time, the Base chain ranks fifth among all Layer2s, and the locked volume (TVL) has soared by 70% again in the past 7 days, and is close to breaking through 200 million US dollars, reaching 197 million US dollars.

The oracle project Chainlink also announced last night that it has completed the price feed connection with Base. Base will be able to interconnect with external DeFi projects, and developers can already transfer existing applications to the Base chain.

Base Founder: Make money through apps

Before the mainnet goes online, Coindesk also held an interview with Base founder Jesse Pollak on Tuesday. Issues such as Base's strategy, revenue potential, and regulatory environment were discussed. Regarding the revenue part of Base, Jesse Pollak's imagination is to add more applications and projects.

Base is an investment in innovation, and I can say that Coinbase has always been profitable by making complex cryptocurrency things simple and easy to use, and then charging fees. As the number of things that can be done with cryptocurrencies increases, our view is that this will be very beneficial for Coinbase because the number of customers using the Coinbase interface will also increase, and we will have the opportunity to become profitable!

Regarding bearing the brunt of the SEC’s regulatory punch, Jesse Pollak revealed his helplessness in his words, believing that current cryptocurrency companies need to spend too much effort and resources on facing legal and regulatory issues.

The regulatory environment in many countries around the world right now is very unclear. If you talk to entrepreneurs building on Base or any of the other space, what you'll hear is that they're spending more money on legal counsel and regulatory defenses than they are on hiring engineers and building product. So at Coinbase, we've been very consistent in thinking that this needs to change.