Coinbase’s BASE ecosystem has announced the confirmation of seven upcoming airdrops in 2024 that have the potential to bring substantial financial rewards based on a post by Philanthrop . With a time commitment of just 15 minutes, participants have the opportunity to farm these airdrops simultaneously, with each airdrop estimated to offer between $15,000 and $20,000 in value.
BASE, an Ethereum Layer 2 network, has gained recognition for its secure, low-cost, and developer-friendly environment that enables the building of decentralized applications. Created by Coinbase in collaboration with Optimism, BASE is built on an open-source OP Stack, and it aims to expand the possibilities of decentralized applications on the Ethereum network, making them accessible to users from all over the world.
One of the notable projects participating in the upcoming airdrops is ourZORA, a framework dedicated to the creation and trading of NFT (non-fungible token) collections. In addition to its marketplace, ourZORA has decided to release its L2 network on the Optimism stack. This strategic move is expected to significantly reduce the costs associated with minting NFTs, making them more accessible to a wider audience. To support its mission, ourZORA has secured an impressive $60 million in funding from Tier-1 venture capitalists, including Coinbase.
Another participant in the airdrops is AvantisFinance, a decentralized finance (DeFi) protocol designed specifically for leverage trading in cryptocurrencies and forex. AvantisFinance has successfully raised $4 million in funding from Coinbase and other prominent Tier-1 venture capitalists, highlighting its potential to revolutionize the world of decentralized finance.
SeamlessFi Protocol, a decentralized lending and borrowing platform on the BASE network, is another project participating in the airdrops. Leveraging Integrated Liquidity Markets for permissionless borrowing, SeamlessFi offers a community-governed platform without the need for fundraising. While investment details are undisclosed, the fact that the official BASE account is following SeamlessFi indicates a promising partnership.
SatoriFinance, a decentralized financial derivatives trading platform on BASE, has raised $10 million from notable venture capitalists such as Coinbase. With its focus on decentralized derivatives trading, SatoriFinance aims to provide users with sophisticated financial instruments while operating within a decentralized ecosystem.
Bungee, an innovative bridge aggregator, plays a crucial role in facilitating optimal asset transfers between different chains and on-chain swaps. The project has successfully raised $12.82 million in funding from Tier-1 venture capitalists, including Coinbase. By enabling seamless interoperability between various blockchain networks, Bungee aims to enhance the efficiency and accessibility of cryptocurrency transactions.
Last but not least, Compound Labs, a decentralized protocol operating on Ethereum, is actively involved in incentivizing computers to facilitate a fully decentralized financial market. With an $18.2 million funding round from Coinbase and other Tier-1 venture capitalists, Compound aims to revolutionize the traditional financial landscape through decentralized solutions.
The upcoming airdrops on Coinbase’s BASE ecosystem present an exciting opportunity for crypto enthusiasts to engage with these pioneering projects. With the potential for substantial financial gains and the promise of innovative decentralized solutions, these airdrops are set to capture the attention of the cryptocurrency community in 2024. Participants are encouraged to seize this chance to farm the seven airdrops simultaneously and explore the possibilities presented by the BASE ecosystem and its diverse range of projects.
