Base, the Ethereum L2 solution on Coinbase, made a clear statement on November 30 regarding their future plans. They confirmed that they have no intention of launching a native token and instead will focus on dApp development and empowering developers. The platform is seeking feedback on how to enhance its services moving forward.
Jesse Pollak, the founder of Base and Head of Protocols at Coinbase, emphasized the importance of dApp building in a recent post. He stated that their main goal is to solve real problems and improve the overall development experience on the platform. Pollak highlighted the platform’s strengths, such as being open source, having open standards, and open markets, which he believes lead to faster innovation. He encouraged developers to take advantage of these strengths and build on the platform.
Although Base has no plans to introduce a native token, some products on its blockchain are thriving. The VIRTUAL Token and aixbt have seen significant growth recently. The Virtual Protocols Ecosystem on Base’s platform has seen its market cap increase by over 60%, reaching close to $2.4 billion. The VIRTUAL token’s trading volume has also surged, with a 35% increase in the last 24 hours and a 206% rise in the last seven days. Aixbt’s price has also soared by over 323% in the past week.
Analysts attribute the growing interest in the Virtual Products Ecosystem to the rising demand for AI agents and AI-based programs. These technologies are known for their efficiency and speed in completing tasks. Entrepreneur and venture capitalist Greg Isenberg predicts even more revenue growth for AI agents like Aixbt, suggesting that the market for AI agents could potentially reach a trillion dollars. He envisions a future where AI agents replace human workflows in various industries.
Overall, Base’s commitment to dApp development and empowering developers sets a solid foundation for future growth and innovation on the platform. The success of products like the VIRTUAL Token and aixbt showcases the potential for AI-based technologies in the market. As Base continues to evolve and improve its services, it will be interesting to see how developers and users leverage these advancements to create innovative solutions on the platform.