The Base network’s “Onchain Summer” promotion in August resulted in over 700,000 nonfungible tokens (NFTs) minted by over 268,000 unique wallets, according to a Sept. 6 announcement from the team.
Coinbase (NASDAQ:COIN) launched Base, its Ethereum layer 2, on Aug. 9. To spur adoption, the network’s team implemented a month-long launch event. It partnered with over 50 companies, artists and creators to release new digital art NFTs exclusively on Base. Each art set was released on a different date, requiring users to return to the network repeatedly to collect every piece.