Does Coinbase’s new base blockchain make it an infrastructure provider?

Picture a blank canvas waiting to be painted. This is what Base is; an Ethereum Layer 2 (L2) blockchain that is more than simply code. It is a canvas for innovation. Coinbase itself has collaborated with Optimism leveraging Coinbase's wealth of experience in crafting crypto products. Base represents another step towards the CEO of Coinbase, Brian Armstrong’s, aspiration of decentralisation. But, as of the moment, there have been no plans for a new network of tokens to help power and monetise Base, which one suspects is because Coinbase is keen to not incur further scrutiny from the SEC or, indeed, other regulators. Here are some of Base’s features:

·      fortified security and boundless scalability

Base integrates security with the ability to scale, empowering developers to create dApps confidently.

·      empowered by Coinbase

Developers gain unprecedented access to Coinbase's suite of products, seamlessly integrating fiat onramps and joining a vibrant user community.

·      provides inn…