crypto's blue ball era

sorry it was just right there

gm,

The happenings.

Love,

The Boys

Writer: Rachlol

Editor: Deana

Another win for bald men. Coinbase dropped their own chain this week called “Base”, built on the Ethereum network. The launch filled the timeline with blue balls. This is obviously a huge dill for Coinbase and zaddy Armstrong as it pushes the company towards greater decentralization, while also creating an onramp for 110 million Coinbase users to the decentralized world. It’s also a win for the Ethereum and Optimism communities, since Base is being built on an Ethereum/Optimism stack. One thing we know for sure, Base is based.

The future is gated. Spotify teased token-gated playlists this week. A handful of NFT projects have joined the pilot, allowing their holders to test out the integration. Unlocking exclusive access has been the promise of many (most?) NFT communities, so this will be an interesting use case. Overall, the reviews have been mixed, but adoption is adoption bb.

This week on Judge Judy. A hacker just got rugged by a judge in the UK. Last summer, 120,000 ETH (a bajillion doll hairs) was stolen from the Wormhole bridge. The hacker then deposited the ETH into Oasis. Yesterday, on orders of a judge, Oasis took control of the deposit. This story draws a line between protocols that have upgradeable smart contracts (like Oasis) vs. ones that are immutable, like Uniswap. Recovering stolen funds, good. But what’s the cost?