Coinbase’s Base under fire over ‘contentcoin’ experiment

Coinbase’s Ethereum Layer 2 (L2) chain, Base, has faced critism for its content-tokenization initiative after its first auto-converted ERC‑20 token on Zora pumped and dumped. On April 16, Base’s simple “Base is for everyone” post on Zora was auto-converted into an ERC‑20 token. Within minutes, speculative fervor drove the token’s market capitalization to over $17 million, […]