Coinbase Announces Revolutionary Base App: Social Network in Wallet with Earning Potential and Possible Token

Coinbase, one of the leaders in the cryptocurrency market, is preparing to launch a new version of its wallet called Base App. This is not just an update, but a full-fledged platform that combines elements of a social network, asset trading, and mini-apps, similar to X or Farcaster, but integrated directly into the Coinbase wallet. According to the official website, Base App will allow users to create content and earn from it, trade tokens, send payments, and even earn up to 3.85% APY on USDC.

How to Get Access?

Currently, Base App is in beta version, and entry requires a special NFT, which is issued as access to the platform. Users can get an invite through Farcaster or search for invitations on X. Alternatively, join the waitlist, where they promise to send product updates.

What Can You Do in Base App?

The platform offers a wide range of possibilities:

1. Users can publish posts, videos, or other content, receiving rewards for audience interactions - likes, reposts, etc.
2. As part of the wallet, the app supports trading millions of tokens, fast transactions, and payments to anyone in the world without fees.
3. From games (like Road Racer or Fantasy) to tools for productivity and health (like RevU or Morpho). Users can open them without downloads, including popular ones like Farville or Coop Records.

Additionally, there are encrypted chats, group conversations, and even AI agents for integrating finances with communication. However, the question arises: why create a separate app when Farcaster already offers similar features and integrates with Base? Experts suggest that Coinbase aims to create a closed ecosystem for maximum monetization and user engagement directly in its wallet.

CEO's Stance on "Farmers" and Sybils

Recently, Base CEO Jesse Pollak published a post on X, where he spoke positively about "farmers" - users who actively farm airdrops. He considers them part of the new global economy, deserving respect and help in developing skills to contribute to the ecosystem.

"If you're a farmer, we'll help you become a builder, creator, or trader. We win together" Pollak wrote.

He emphasized that even low-quality tasks from sybils (multi-accounts) contribute to development, and called for "upskilling" from farmers to builders. This sparked discussions: some see sybils as a plus, others as just click-farms exploiting labor.

Mysterious Announcement for December 17

Coinbase added intrigue by updating its bio on X to "December 17" and announcing a "System Update" - a live stream on December 17 at 2:00 PM Pacific Time. Expected are "exciting product announcements, key business updates, and much more." The community is speculating: could this be the launch of the Base token, public release of Base App, or something related to asset tokenization? Some posts on X hint at a TGE (Token Generation Event) for $BASE or integration with Coinbase-acquired Echo for ICO. Others believe it's the official launch of Base App for all users.

Base App is already attracting attention as a potential hub for onchain activities, with a strong focus on startup builders and creators. Given the growth of the Base ecosystem, this launch could become a catalyst for a new boom in DeFi and blockchain-based social networks.