Base confirms no plans for a network token and prioritizes building solutions for real-world problems

by Ron Effertz

On November 30, Infamous, the Ethereum L2 resolution on Coinbase, clarified that it had no plans for a native token. Alternatively, the L2 community stated it would possibly perchance focal level on dApp building and developer empowerment transferring forward. It even asked for enter on how fully to make stronger its services.

Infamous’s focal level is on dApp vogue and attractive builders

Jesse Pollak, founding father of Infamous and Head of Protocols at Coinbase, published in a put up on X that they’d no map of launching a native token; instead, the platform will prioritize dApp building.

He stated:

And within the spoil, there are no plans for a Infamous community token. We are centered on building, and we desire to clear up exact concerns that allow you to originate better. I desire your feedback on what we would possibly perchance perchance be doing better.

~Jesse Pollak

In a single other put up, Pollak tagged the platform’s “greatest strengths” as its commence provide, commence standards, and commence markets, which, in step with him, breed faster innovation and further relaxing. He gave the instance of Clanker on the platform.

He’s even encouraged builders to originate on the platform, saying, “Procedure, and we would possibly perchance perchance be rewarded.”

Infamous’s VIRTUAL is in surprisingly high inquire, with its market cap rising by over 60%

Although the L2 community does now no longer intend to liberate a native token on its community anytime soon, just some of the merchandise on its blockchain are doing exceedingly smartly, collectively with the VIRTUAL Token and aixbt.

In accordance with Coingecko, by November 29, Digital Protocols Ecosystem on Infamous’s platform’s market cap had soared by over 50.4%, reaching $1.78 billion. Currently, it is shut to surpassing $2.4 billion, rising by 61%.

The token VIRTUAL‘s 24-hour trading volume is at $498,352,940. It’s miles for the time being trading at $1,seventy nine, a 35% upward push within the closing 24 hours and up by 206% within the closing seven days.

Aixbt’s designate has moreover risen by over 323% within the closing week, trading at $0.201. Pollak even commented on Aixbt’s upward push, saying the AI agent ranks first in on-chain mindshare.

Analysts like attributed the rising hobby within the Digital Products Ecosystem to the escalated inquire for AI agents and AI-based fully mostly programs, that are ambiance pleasant and rapid at finishing tasks.

Greg Isenberg, an entrepreneur and venture capitalist, initiatives extra special extra income growth for AI agents savor Aixbt. He believes the marketplace for AI agents would possibly perchance perchance without concerns develop to at least one trillion-greenback market, saying the arena will soon change human workflows with AI agents.

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