The base network’s “Onchain Summer” promotion in August resulted in more than 700,000 non-fungible tokens (NFTs) being minted by more than 268,000 unique wallets, according to a Sept. 6 announcement from the team.
Coinbase launched Base, its Ethereum tier-2, on August 9. To help drive adoption, the network’s team hosted a month-long launch event. It partnered with over 50 companies, artists and creators to release new digital art NFTs exclusively on Base. Each art set was released on a different date, requiring users to repeatedly return to the network to collect each piece.
Over $242 million worth of crypto was bridged to Base during the first two weeks of the promotion, with more than 130,000 unique wallets using each day.
The final NFT set was released on August 31; it will remain available until September 7. Meanwhile, the Base team released more detailed information about which digital art sets collectors were most interested in.
According to the announcement, the Coca-Cola Collection, available August 13-16, was the most active, with more than 80,000 units minted during the period.
Vermeer, ‘Girl with a pearl earring’, from the Coca-Cola ‘Onchain Summer’ collection. Source: Onchain Summer.
Other highly successful collections include those from Web3 gaming platform Iskra (71,000 mints), social media platform Friends With Benefits (71,000 mints), layer-2 network Zora (70,000 mints), and music rights marketplace anotherblock (55,000 mints).
Related: USD Coin is officially expanding to Base and Optimism networks
During this period, Base also saw a steady increase in the amount of cryptocurrency tied up in its contracts, peaking at over $402 million on Sept. 3, according to data from DefiLlama.
Base network locked total value (TVL). Source: DefiLlama.
Despite these achievements, Base’s launch was not entirely smooth. The network suffered an outage on September 5 when the sequencer stopped producing blocks. Multiple scams have also been promoted on the network, including $6.5 million worth of Magnate Finance.
