What Happened on Feb. 27th | Two Less Talked Features of the Base Chain
The first one is Account Abstraction (AA) — Coinbase says Base will enable developers to, “set up gasless transactions for your dapps with easy developer APIs for account abstraction”.
Account abstraction aims to simplify the UX in Web3 apps. It moves the complexities of custody, wallets, and blockchains to the background and replaces them with familiar UX. With account abstraction, users don’t need to download wallets and sign transactions every time they want to complete an action. Instead, transactions can be bundled and approved at once. That’s a vast UX improvement for Web3 applications.
The second is Superchain — Optimism’s announcement of the Superchain: “a project that seeks to maximize interoperability and composability between different chains using the OP Stack, and integrate siloed L2s into a single cohesive layer…a shared optimistic rollup bridge with a path towards native cross-chain communications & data availability” .
We are witnessing the booming of various Ethereum Layer 2 chains. However, this brings fractured liquidity, it becomes increasingly important to unifying liquidity that currently resides in different Layer 2s.
Biggest Gainers & Losers
SEC Chairman Gary Gensler Views All Crypto Are Security Except Bitcoin: He asserts that the tokens are securities because there is a group in the middle, and the public anticipates profits based on that group.
GMD Launched a New Launchpad to Onboard Promising Projects into Arbitrum: most of Arbitrum new projects are using Camelot Launchpad, now there is a new competitor.
Hot projects on the market
Lotte Partners with Polygon to Expand Lotte Group's NFT Project Globally
Shibarium Launches New Website and Intake System for Collaborations and Partnerships
BitDAO Community Proposes $200 Million Fund to Develop Mantle Ecosystem
Other news in case you missed it:
Blockchain Game Developer Curio Research Closes $2.9 Million Seed Round
Policy and Regulation