Coinbase has made changes to its plan and goals for Base, the project it is supporting. Base said in a blog post that they will not only work on making a development platform, but also focus on spreading out the power of that kind of environment. They will also make on-chain apps and bring money flow to their system.
Focus on making a ‘new economy’ in 2024.
Base, a project supported by Coinbase to improve Ethereum, has announced their plans for 2024. The rollup said it will focus on making a really good development platform and the apps that can be made with it, and the money that goes through them.
This promise is part of the new way of thinking about the Base ecosystem. It is now seen as a platform with three layers. These layers include an app ecosystem, a market layer, and a development component. Base wants to become a rollup with a lot of money from different apps on Ethereum and other rollups.
Base wants to bring in more than 1 billion people to use its apps for creativity and innovation.
This means doing a bunch of different things like making sure everything works without any problems, and also making changes to reduce fees and make things work better. We also want to make it easier for people to use Base and make it part of Coinbase.
In simple words, Base said it will keep helping developers with its Grants program and supporting gasless interactions and coding learning programs. L2beat says that Base is now the third rollup with the most money locked up, with over $700 million in its network.
In September, Base had $370 million in TVL, which was more than Solana’s at that time.