Coinbase Hints At Native Token For Base Network – ‘We’re Just Updating Our Philosophy,’ Says CEO Brian Armstrong
Synopsis
Base creator Jesse Pollak said the network may issue its own token to strengthen Ethereum ecosystem integration during the BaseCamp conference.
Coinbase’s Ethereum-based Layer 2 network, Base, is exploring the launch of a native token, according to Base creator Jesse Pollak.
“Base is a bridge, not an island,” Pollak said during Monday’s live-stream of the BaseCamp conference, emphasizing the network’s goal of integrating more closely with the broader Ethereum ecosystem. The announcement marks a shift from Coinbase’s prior position, in which company representatives repeatedly stated there were no plans to issue a token for the network.
Coinbase CEO Brian Armstrong confirmed the exploration in a post on X, noting that while the company is considering a native token, “there are no definitive plans” at this stage. Base currently uses Ethereum (ETH) as its gas token, and any token launch would represent a significant expansion of the network’s economic infrastructure. “We’re just updating our philosophy. As of now, we’re exploring it,” he wrote.
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