Coinbase L2 Network Base will cast free commemorative NFT for another week

According to reports, the Coinbase L2 network Base said on social media that it would extend the free casting time of NFT by one week.

Interpretation of this information:

Coinbase’s L2 network Base has announced that it will be extending the free casting time of NFTs (non-fungible tokens) by a week. This decision was made and announced on social media by the platform, which is a subsidiary of Coinbase.  NFTs are digital assets that are globally unique and are stored on a blockchain. NFTs have gained a lot of popularity in recent times, particularly with the rise of crypto art and the use of NFTs to represent ownership of digital art pieces.

In extending the free casting time, Base is giving creators and collectors of NFTs more time to create and cast their NFTs without paying the usual transaction fees. This also means that users who have not yet joined the NFT market can still do so without worrying about the financial barrier to entry. This move might also be seen as a way to increase user adoption of the Base platform as a whole.

It is worth noting that Base isn’t the only platform offering free NFT casting. Other platforms are also offering support for NFTs and some offer free casting services as well. However, the fact that Base has extended the free casting time is a clear indication of their commitment to helping NFT creators and collectors to navigate the current market, and to providing valuable support for the nascent ecosystem.

In summary, the decision by Coinbase’s L2 network Base to extend the free casting time of NFTs by one week is a positive move for creators and collectors of NFTs. This will give them more time to create and cast their tokens without paying the usual transaction fees, which can be a barrier to entry for some users. The move is also a clear indication of Base’s commitment to supporting the NFT ecosystem and increasing user adoption of the platform as a whole.