Venture capital firm Andreessen Horowitz (a16z), like Coinbase, has also utilized the OP Stack, and they plan to release their own layer 2 rollup called Magi. Even before its public launch, over $68 million worth of ether has already been bridged to the Base network. Notably, companies like Coca-Cola, Atari, and OpenSea are among the participants. The announcement coincides with Coinbase’s upcoming second-quarter earnings report and the launch of “Onchain Summer,” a series of events that enable creators and developers to build applications and create artwork on Base. Base was made available to developers in July for testing purposes, and now users will have the ability to bridge their ether (ETH) to the Base network. Coinbase, the largest publicly-traded crypto exchange in the US, has announced that its layer-2 blockchain, Base, will be open to the public on August 9th.
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