Coinbase’s Base Blockchain Considers Issuing Network Token

Saying in a Monday (Sept. 15) blog post that it is in the early stages of this exploration, Base added it has not determined the timing, design or governance of a potential network token.

The company said it had not considered adding a network token in the past but is exploring it now because its blockchain and ecosystem have expanded Base’s original goals to become “an open stack that makes it simple for anyone to build, trade and earn on-chain.”

“As we look toward building a global on-chain economy, we believe it should be open and accessible,” Base said in the post. “As the ecosystem has grown and community participation has deepened, it’s made us reconsider our philosophy.

“Exploring a network token is one path toward making our vision of a global on-chain economy real, and a Base…