Developers are fiercely criticizing Coinbase’s Layer-2 network, Base, over its new "creator coins" initiative. The move has sparked controversy and concern among the developer community.
The initiative aims to allow influencers and creators to launch personalized tokens, enabling community monetization. Analysts are now scrutinizing Base’s infrastructure capacity. They question if the network can handle a potential flood of new tokens without performance degradation.
This controversy unfolds amid broader crypto market sentiment categorized as "Extreme Fear." Due to the New Year's Day holiday closure, U.S. markets have shown no observable stock market reaction to the news.