Masa announces soulbound ID tokens for Coinbase’s Base Network

Masa Finance’s soulbound tokens will quickly be accessible on Coinbase’s Base community, based on an April four announcement from Masa Finance. The brand new tokens will permit customers to hyperlink figuring out and reputational traits to their pockets addresses, making credit score underwriting attainable on the blockchain, the corporate mentioned.

@getmasafi to Launch Soulbound Token Protocol & Developer Toolkit on @Build0nBase

Blockchain With the Base SBT Developer Toolkit Masa will help the seamless deployment and interplay with SBTs on Basehttps://t.co/MA9RDWYBAA#SBT #web3 #Masa #Soulbound #nft #identity pic.twitter.com/bGRxTXxYqb

— Wartask (,) (, ) (@Wartask1) April 4, 2023

Masa had beforehand launched its Soulbound Token protocol for Ethereum and Celer.

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

It should launch a Base SBT Developer Toolkit throughout the coming weeks that “will help the seamless deployment and interplay with SBTs on Base,” which can embody a quickstart information, Masa command line interface, software program improvement equipment, REACT developer instruments, and examples of learn how to construct functions utilizing Masa soulbound tokens.

Associated: Coinbase desires devs to construct inflation-pegged ‘flatcoins’ for ‘Base’ community

Coinbase is the most important centralized crypto change in North America. It launched its Base Community 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 repute system.

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

The announcement of Base Community’s creation has contributed to bullish sentiment throughout the Ethereum neighborhood, with some customers expressing hope that it’s going to 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 might want to implement some type of id verification for customers.