Coinbase’s Base Plans $2M ‘Onchain Summer II’

May 5: Jesse Pollak, who oversees the crypto exchange Coinbase’s layer-2 network, Base, unveiled a new incentives campaign, “Onchain Summer II,” with more than 600 ETH ($2 million) of prices, grants and gas credits offered by the project and its ecosystem partners. “Onchain Summer will kick off with a month-long online hackathon hosted by Base and partners,” according to the post. “Base is collaborating with teams across the ecosystem, including Coinbase, to enable tools for Onchain Summer builders,” including easier wallet onboarding with Coinbase’s new smart wallet recently launched on Base Sepolia testnet and “seamless user experiences” with account abstraction.