Coinbase’s help pages point out that issued verifications are supposed to function a “trusted badge” that grants entry to on-chain apps and advantages. Coinbase stated that verification will initially present customers with a badge in Base’s Guild — the membership program for its second-layer network, Base — plus entry to a non-public Discord channel.
Coinbase added that verification will quickly present entry to gasless (i.e., feeless) transactions, plus entry to different collaborating apps on the Base community. These upcoming apps embrace three DeFi platforms: Index Coop, Perennial, and Volmex.
Group information from Dune Analytics means that Coinbase has issued over 9,700 attestations to greater than 6,200 distinctive recipients since late October.
Coinbase explains participation necessities
The rest of the assistance web page offers extra particulars. It notes that verifications will be tied to any self-custodial Ethereum (EVM) pockets deal with however can’t be transferred to different addresses. A separate part notes that the verification will be related to as much as three addresses, together with MetaMask and Coinbase Wallet addresses.
Coinbase stated that testifying one’s nation of residence is non-obligatory however famous that having access to sure apps could also be mandatory. It additionally assured customers that their info is not going to be revealed on-chain with out their consent.
To confirm an account on-chain, customers will need to have a Coinbase account that isn’t topic to purchasing, promoting, and buying and selling restrictions, Coinbase stated.
Coinbase added that it in the end goals to permit third events to challenge verifications utilizing the service and broaden the methods through which customers will be verified.
Verifications are issued by means of the Ethereum Attestation Service (EAS), an Ethereum neighborhood challenge additionally utilized by different tasks, together with Optimism.