Masa pronounces soulbound ID tokens for Coinbase's Base Community - Greedy Bit

Masa pronounces soulbound ID tokens for Coinbase’s Base Community

Masa Finance’s soulbound tokens will quickly be obtainable on Coinbase’s Base community, in accordance with an April 4 announcement from Masa Finance. The brand new tokens will enable customers to hyperlink figuring out and reputational traits to their pockets addresses, making credit score underwriting potential on the blockchain, the corporate stated.

Masa had previously released its Soulbound Token protocol for Ethereum and Celer.

In its announcement, Masa said that the protocol can be utilized for all kinds of functions, together with human-readable domains, membership badges, loyalty applications, achievement badges, decentralized captcha bots, and extra.

It’ll launch a Base SBT Developer Toolkit inside the coming weeks that “will help the seamless deployment and interplay with SBTs on Base,” which is able to embody a quickstart information, Masa command line interface, software program improvement equipment, REACT developer instruments, and examples of easy methods to construct functions utilizing Masa soulbound tokens.

Associated: Coinbase wants devs to build inflation-pegged ‘flatcoins’ for ‘Base’ network

Coinbase is the most important centralized crypto trade in North America. It launched its Base Network testnet on Feb. 23, planning to implement it as an optimistic rollup layer 2 for Ethereum. On March 23, Coinbase issued a Request for Builders asking builders to create a number of protocol sorts for Base, together with an on-chain popularity system.

In response to this request, Masa started creating a Base model of its soulbound protocol, the corporate stated in its announcement.

The announcement of Base Community’s creation has contributed to bullish sentiment inside the Ethereum neighborhood, with some users expressing hope that it’ll result in larger onboarding of Coinbase customers to Ethereum. In an interview with Bloomberg Radio, Coinbase CEO Brian Armstrong claimed that “centralized gamers” on Base will need to implement some type of id verification for customers.