Coca-Cola Released A New Series Of NFTs On The Layer 2 Base

Key Points:

• Coca-Cola has released a series of NFTs on the Grassroots blockchain through its Onchain Summer celebration.
• Mining is open and will end in 2 days, with prices ranging from 0.0011ETH to 0.014ETH.
• Onchain Summer is a multi-week series of Web3 activities in art, games, and music that promote how NFT can be leveraged as a technology and not just a speculative asset.

In Layer 2 Base’s Onchain Summer Program, a prominent appearance will be the Coca-Cola “Masterpiece” NFT set, with a mint expiration date of August 16 and a price from 0.001 – 0.014 ETH/NFT.

After a long period of testing and development, Coinbase also officially launched the mainnet layer 2 Base blockchain through a month-long launch event titled “Onchain Summer”.

The Onchain Summer program, which celebrates the launch of the Base mainnet, is a series of Web3 events related to art, games, and music. Between now and the end of August, more than 50 brands, including Coca-Cola, Friends With Benefits – a social decentralized autonomous organization (DAO), and NFT creation platform Zora, will hold the launch NFT on the Base network.

In a year where NFT trading volume has fallen almost 50% since January, Web3 projects are struggling to scale. Jesse Pollak, Protocols Lead at Coinbase, told CoinDesk that Onchain Summer aims to showcase how NFTs can be leveraged as a technology rather than just a speculative asset.

To boost community engagement around Base, Coinbase is encouraging users to connect their ether to Base for free minting of NFT to celebrate the launch of the Base mainnet.

Since the announcement was made, Base has received quite a bit of public attention. Typically, the total locked value (TVL) of this layer2 exceeded $118 million, ranking 19th in the rankings. Currently, there are over 100 dApps on Base, some of which are created by developers who received early access last month.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.