Base, a Layer 2 ecosystem built on Ethereum, offers gasless fees and seamless transactions, making it a key player in driving the onchain economy. With its innovative approach, Base empowers creators by ensuring they are fairly rewarded for their work, unlike traditional platforms that often take a significant portion of their earnings. Base believes that the future is onchain, where creativity can flourish and individuals are compensated directly for their contributions.
Here are some key ways Base is driving the onchain economy:
Gasless Transactions
High transaction fees have long been a barrier on Layer 1 blockchains. Base has effectively lowered these costs, making transactions far more affordable than on the Ethereum mainnet. This reduction in fees has spurred adoption, allowing more people to access and engage with the onchain ecosystem.
Onchain Summer by Base
During the Onchain Summer event, Base recorded over 1,200 project submissions. This Buildathon focused on transitioning people and projects from offchain to onchain platforms. Projects like Onchain Music, ThirdInternet, and AssetScooper have continued to drive onchain adoption, demonstrating how new ventures can thrive in the Base ecosystem.
Based Around the World Buildathon
Base's Based Around the World regional Buildathon calls on builders from Africa, India, Southeast Asia, and Latin America to tackle real challenges in their communities through onchain solutions. Whether it's instant payments or access to financial services, these projects are improving lives by harnessing the potential of the onchain economy.
Universal Basic Income
To support and encourage builders, Base rewards creators weekly for their contributions. This initiative helps foster continuous innovation, ensuring a steady stream of onchain content and platforms. The consistent support from Base has significantly contributed to the growth of both the ecosystem and the builders themselves.
In conclusion, Base is not just a platform but a catalyst for the onchain economy. By reducing barriers to entry, fostering innovation, and supporting creators, Base is building a thriving ecosystem where creativity and technology come together to shape the future.
Base Grants
Base also provides grants to individuals and projects whose missions align with the vision of bringing millions of users onchain. These grants help ensure that projects with high potential have the necessary resources to scale and succeed.
