Coinbase to Launch Blockchain Network

Coinbase Global Inc. is launching a blockchain, expanding the largest US cryptocurrency exchange’s reach deeper into the worlds of decentralized finance and nonfungible tokens. 

Base, as the Ethereum-powered network will be known, is being promoted as a developer-friendly venue for building decentralized applications and is expected to serve as a home for Coinbase’s on-chain products. A testnet of the blockchain, where developers can check for software bugs before the formal launch. 

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