Coinbase: Introducing Base

Coinbase has launched a testnet for Base, an Ethereum Layer 2 network that aims to offer a secure, low-cost, and developer-friendly way to build decentralized apps.

Base is incubated within Coinbase and will be progressively decentralized over time. It offers full EVM equivalence at a fraction of the cost, and easy access to Coinbase's products and tools.

According to Coinbase, Base is committed to being interoperable with other chains and is built on the OP Stack, a toolkit available to everyone. Coinbase is also launching the Base Ecosystem Fund to invest in early-stage Base projects.

>>Developers can get started building on Base today at base.org.