Tso Thoughts | Aug 2024, The Global Economy Moving Onchain

Buy your coffee with $USDC on @base

Close to instant confirmations and zero fees

Credit card fee savings back to local coffee growers

(Will be even easier soon with just a tap)

That’s the power of onchain

Tecmo Bo ☕️🫂🐧

@tecmo_bo

This is a coffee shop in Montgomery, Alabama that I opened up several years ago with my wife and our friends. It sits in between the church that Dr. King used to pastor and the bus stop where Rose Parks got on the bus.

Today we officially started accepting USDC on @base w/ a…

David Tso (dave.base.eth) 🛡️

Coffee with $USDC on @base = real world utility and a delightful way to onboard users

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

Help us bring a billion users onchain and support small businesses, one cup of coffee at a time

Mint a Coffee Days collectible and sponsor someone else’s purchase at one of the participating coffee shops taking payments onchain…

David Tso (dave.base.eth) 🛡️

You can now buy coffee with $USDC on @base at 10 coffee shops around the world

Easy, fast, and no fees

Base

Want to buy a cup of coffee onchain? Visit one of the 10 participating coffee shops and pay with @coinbasewallet and @slice__so:

@bicyclecoffeeco (Oakland’s 2nd Street location)
@CompassCoffeeDC (DC’s Half Street location)
@lionsmilk_eth (Brooklyn)
@Menottis (LA’s Culver City…

David Tso (dave.base.eth) 🛡️

Accept $USDC

Any business, anywhere

Chintan Turakhia🛡️

@chintanturakhia

We made acceptusdc.com

Since last week, inspired by Coffee Days, we've heard from many small biz owners who want to do the same. And not just for coffee.

Sign up today for a free "USDC Accepted Here" starter kit!

David Tso (dave.base.eth) 🛡️

Paying with $USDC on @base is cheaper, faster, and better than any system that exists today

jesse.base.eth

want to bring the world onchain?

we've built a toolkit for small businesses to accept USDC on @base.

onboard a biz you own, onboard your local coffee shop, onboard anyone (link below).

David Tso (dave.base.eth) 🛡️

We’re bringing cheaper, faster, and better payments to small businesses around the world

Sign up today for a free starter kit:

acceptusdc.com

USDC for Merchants

Join the growing network of merchants who accept USDC.

jesse.base.eth

a 3 minute video to onboard your friend who runs a small business to USDC, @base, and the onchain economy

RT for reach and help get your small biz friends onboard

David Tso (dave.base.eth) 🛡️

Let’s show people how easy onchain is

1. Get coffee
2. Create video
3. Get rewarded

@base

creators

Base

Create videos about Coffee Days or your visit to one of the 10 participating coffee shops — and post them on TikTok, Instagram, YouTube, or X

Then, share the link in the /base-creators channel on @farcaster_xyz between August 17 - 26. Posts will be eligible to win a slice of the…

David Tso (dave.base.eth) 🛡️

Dogfooding your own product is a superpower

We do this at @base and @coinbase not only because it helps us improve our products but also because it helps us feel our users’ biggest pain points and fix them

Chintan Turakhia🛡️

@chintanturakhia

We partner with local SMBs like @phinbarcoffee that popup in our @coinbase office. It's the perfect way to dogfood our products, so we got them to accept USDC.

10 min and onboarded. The owner was thrilled to accept USDC while literally being at Coinbase.

All smiles, no fees.

David Tso (dave.base.eth) 🛡️

Bought my coffee with $USDC from @revolver_coffee this morning

One-click checkout and free transactions powered by @base, @CoinbaseWallet, and @slice__so

Perfect way to start the week

David Tso (dave.base.eth) 🛡️

Couldn’t visit an onchain coffee shop IRL?

You can now also get onchain coffee from @RaposaCoffeeCo in the @base Summer Shop!

Base

Coffee Days continues with Onchain Summer Cold Brew from @RaposaCoffeeCo

Paying onchain is fast, easy, and supports farmers directly

Now available in the Summer Shop

wallet.coinbase.com/ocs/shop/1430/…

Tweets of the Month

David Tso (dave.base.eth) 🛡️

The jet engine of @base – @AerodromeFi

jesse.base.eth

in the last 24h, @base has the #1 onchain pair by volume

David Tso (dave.base.eth) 🛡️

The euro is on @base and growing fast

Just the next step in our mission to bring the top 100 currencies in the world onchain

Token Terminal

The fastest growing EUR stablecoin is on @base.

David Tso (dave.base.eth) 🛡️

The global onchain economy is built on @base

Build with us

Token Terminal

A Distribution Platform for Onchain Applications

Uniswap, Aave, and Morpho on @base

David Tso (dave.base.eth) 🛡️

The holy trinity of @coinbase’s broad distribution, @circle’s stablecoin products, and @base’s L2 tech

Further together →

Token Terminal

Distribution, product, and tech.

@coinbase has the distribution.
@circle has the product.
@base has the tech.

Monthly USDC & EURC senders on Base has quickly grown to ~510k.

Base is Circle's fastest growing transport layer at the moment.

David Tso (dave.base.eth) 🛡️

To create a successful crypto startup:

01. Make something people want
02. Build dead simple experiences
03. Bring new people onchain

Base

Make something people want

David Tso (dave.base.eth) 🛡️

Happy birthday @base!

As we celebrate this huge milestone, we’re also keeping in mind our favorite @jessepollak mantra: it’s still day one, and our job’s not finished

We won’t stop until the entire world is onchain

David Tso (dave.base.eth) 🛡️

Get hundreds of transactions for free on @base every month with @coinbase One

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

@Coinbase One is making it easier to go onchain by giving members $10 in gas on Base every month

With fees under a penny, that's hundreds of transactions every month. Get a free trial:

wallet.coinbase.com/ocs

David Tso (dave.base.eth) 🛡️

If you’re interested in building on @base or want feedback on your consumer or DeFi app, come meet us for office hours!

Sign up below:

Base

Have questions about building on Base?

Connect with the ecosystem team during Office Hours

lu.ma/base-officehou…

David Tso (dave.base.eth) 🛡️

Anyone who needs a faster, cheaper, and globally accessible euro can leverage $EURC on @base for payments, borrowing, lending, trading, etc.

Safe, compliant stablecoins are critical to updating the global financial system and creating more economic freedom for the world

Base

It's been less than two weeks since EURC from @circle launched on Base and it's already supported by:
- @coinbase
- @AerodromeFi
- @mavprotocol
- @Uniswap
- @tokenterminal
- @crossmint

Onchain DeFi, powering a global economy

David Tso (dave.base.eth) 🛡️

Let’s cook

Coinbase 🛡️

@coinbase

cbBTC.

David Tso (dave.base.eth) 🛡️

Are you...

A developer looking to build on @base?
A marketer looking to GTM on Base?
A BD looking to connect with Base?
A founder looking to grow on Base?

Look no further :)

Get all the help you need with our Builder Resource Kit today!

Base

Introducing the Builder Resource Kit: An all-in-one launchpad for building on Base

Everything you need to start building and growing your project, in one place

Just build it

base.org/getstarted

David Tso (dave.base.eth) 🛡️

Base is a bet on builders, which then downstream creates more onchain experiences, which then downstream creates more cool things for everyday people to do onchain

It’s always been and always will be about supporting the incredible builders on @base

David Tso (dave.base.eth) 🛡️

This is only the tip of the iceberg

@coinbase and @base are just starting to cook

Viktor Bunin 🛡️🇺🇸

@ViktorBunin

Iykyk

David Tso (dave.base.eth) 🛡️

The level of talent, energy, and ambition at @base right now is mindblowing

Every corner of our org shows up with 10x focus and drive every single day

It’s an awesome feeling and no doubt the best team I've ever worked with

David Tso (dave.base.eth) 🛡️

The onchain economy @base is building is global

Open, permissionless, and accessible to everyone, everywhere

Nael

@Nathana3lCh

Very happy to see the enthusiasm from the @base

community for the onchain activities

Onchain is for everyone

Thank you to @charisma_nft @hypersoundNFT @0xwildanr @phant0m_ga and the sponsors @indrawxyz @PundiXLabs @GoPlusSecurity @HybridXOfficial who have made this all…

David Tso (dave.base.eth) 🛡️

The largest onchain hackathon ever just happened on @base:

- 1,250+ final projects
- 7,500+ builders around the world
- All using the latest onchain tooling

And it’s still only day one

Base

Onchain Summer doesn't stop

We're announcing an additional 40 ETH in rewards for Buildathon participants who successfully integrated the Smart Wallet, OnchainKit, Verifications, and Paymaster

…and because we were so blown away by the quality of projects submitted, we’re…

David Tso (dave.base.eth) 🛡️

The plan?

A million developers
A billion people

Onchain

Nemil Dalal

@nemild

Last week, @brian_armstrong and I spoke to all Coinbase employees about our vision for @CoinbaseDev (CDP):

"Making it easier to build onchain than online, and supporting a million onchain developers building for a billion users."

David Tso (dave.base.eth) 🛡️

The @base philosophy of building:

jesse.base.eth

what based builders are focused on for the rest of this year

David Tso (dave.base.eth) 🛡️

Crypto will become “web2” faster than the world becomes “web3” – @WilsonCusack

David Tso (dave.base.eth) 🛡️

Onchain is the next online – a better internet where:

- Artists get paid in currency not likes
- Audiences own what they buy
- The people who make things, make the rules

Proud to be building toward this Onchain Vision at @base and @coinbase

Coinbase 🛡️

@coinbase

What if the internet was different?
onchainvision.art

David Tso (dave.base.eth) 🛡️

Why based builders build in public

𝔪

@estmcmxci

People connect with people, not products—let your story become the heartbeat of your brand.

dtso.org/startups/perso…

David Tso (dave.base.eth) 🛡️

Using $USDC on @base is now a mass market user-friendly experience

The world needs stablecoins like @circle’s to help increase economic freedom globally

Token Terminal

BANKING: 1 million $USDC holders on @base

David Tso (dave.base.eth) 🛡️

Paying with @circle’s $USDC on @base is a no-brainer

Instant confirmations, close to free, and globally accessible

Token Terminal

blockchains make micropayments a reality

example: on sunday, @base facilitated ~365k onchain payments for an avg transaction fee of $0.008

David Tso (dave.base.eth) 🛡️

Pick a company where you can play long term games with long term people

@base led by @jessepollak is another case in point

Brian Armstrong

@brian_armstrong

Joining Coinbase is one of the best ways to learn how to start a startup.

We've invested in ~40 startups founded by former employees.

A lot of great founders launch products internally at Coinbase as well (and benefit from the distribution). Startup founders with sufficient…

David Tso (dave.base.eth) 🛡️

So incredibly based

Fired up to keep building the global onchain economy with @MoonwellDeFi and everyone in @base’s open ecosystem

LukeYoungblood.eth 🛡️

@LukeYoungblood

It was an honor to be featured in @Yueqi_Yang's excellent article in @TheInformation about @Coinbase's strong alumni network.

You should read it if you can: theinformation.com/articles/coinb…
One common theme I noticed about many of the Coinbase alumni featured in the article that went on…

David Tso (dave.base.eth) 🛡️

BaseCamp 001/

️

The first of many @base builder gatherings

Base

One month ago, BaseCamp brought builders together from all over the world

Over 350 builders, gathered in the mountains of Idyllwild, to create an onchain future

Still day one

David Tso (dave.base.eth) 🛡️

This is what we mean by @base is for everyone

jesse.base.eth

the @base brand is yours, ours, the world's

David Tso (dave.base.eth) 🛡️

The EUR/USD FX market is the biggest in the world and it’s coming onchain

Onchain with @circle + @AerodromeFi + @base demonstrably beats legacy systems on speed and cost

jesse.base.eth

onchain FX with EURC<>USDC is:

- 10-100x faster
- 2-10x cheaper

the global economy is moving onchain

David Tso (dave.base.eth) 🛡️

The future of money, finance, and payments is onchain, on @base

Faster: instant sends, swaps, and settlement for counterparties

Cheaper: lower fees for everyday users, traders, and investors

More accessible: 24/7 global access for everyone, everywhere

Brick by brick,…

jesse.base.eth

we're building faster, cheaper, easier, global money on @base

David Tso (dave.base.eth) 🛡️

Build on @base

Get rewarded

Repeat

Base

What are you building on Base this weekend?

Share a post with the hashtag #basebuilds to be eligible to earn a slice of the 2.3 ETH prize pool via @roundswtf

rounds.wtf/base-builds/ba…

Consumer Apps / Experiences I Liked

David Tso (dave.base.eth) 🛡️

If you like Monopoly, you’re going to love @CityVerseTycoon on @base

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

@CityVerseTycoon is a strategy game where players can buy, sell, and trade properties in a virtual city

Mint 5 free treasure chests and start playing with extra dice rolls, in-game gold, and rare items

wallet.coinbase.com/ocs/play?chall…

David Tso (dave.base.eth) 🛡️

Come work out with the @base community

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

@Receiptsxyz is an app for you to work out, compete, and earn points

This week, join the community to log 50,000 minutes for a chance to win prizes distributed by @Garmin, @Othership_us, @Barrys, @On_Running, and more

apps.apple.com/us/app/receipt…

David Tso (dave.base.eth) 🛡️

The creator of the Twitter Whale and

emojis, @Yiyinglu, is now also a creator on @base

Base

ᔑᑌᗰᗰEᖇ ᔑᑭOTLIGHT

It’s been 15 years since @YiyingLu's art became the Twitter Fail Whale

Now she's back with the Yes Whale — a symbol of optimism, creativity, and inspiration, minting as part of @opensea's 'Get Based' series

wallet.coinbase.com/ocs/play?chall…

David Tso (dave.base.eth) 🛡️

Onchain media is simultaneously abundant and valuable

More and more media is coming onchain, on @base

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

@EICquarterly released their second onchain magazine — 156 pages of essays, stories, and onchain summer

Mint proceeds go towards the magazine’s contributors and Ethereum developers

wallet.coinbase.com/ocs/play?chall…

David Tso (dave.base.eth) 🛡️

Reliving my childhood memories with @Atari’s Onchain Arcade

Only on @base

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

The Onchain Arcade is back with @Atari Breakout®

Compete for a top spot on the leaderboard and get the chance to win weekly prizes, all summer long

Built with @stackdotso, @msenyil, and @mx1000m, mint proceeds are distributed to the developers…

David Tso (dave.base.eth) 🛡️

Create @nounsdao art

Mint on @CoinbaseWallet

Earn

Base

ᔑᑌᗰᗰEᖇ ᔑᑭOTLIGHT

@nounsdao is a community-owned brand that makes a positive impact by funding ideas and fostering collaboration

For its 3rd anniversary, create your own nounish art with signature noggles and earn for each edition minted

wallet.coinbase.com/nft/gallery/no…

David Tso (dave.base.eth) 🛡️

Remember playing Miniclip and Addicting Games as a kid?

A new immersive, central place for onchain games will be powering on tomorrow on @b3dotfun, a gaming L3 built on top of @base

Get ready for BSMNT DOT FUN

David Tso (dave.base.eth) 🛡️

Broadcast your @base memes to the world

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

Create culture and compete onchain with the @STIXprotocol Meme Competition

Mint the open edition from @andreoshea to join, then create memes about your favorite communities in weekly competitions starting August 26th

The winning memes will…

David Tso (dave.base.eth) 🛡️

Study @doodles:

- Building onchain IP on @base
- Partnering with your favorite artists
- Becoming a mainstream media franchise
- Merging the onchain and offchain worlds

This is the way

Julian

@jholguin

Not in the Store
Performed by Coi Leray
Produced by Pharrell Williams
Written by Uzi, Coi and Pharrell

Available on all streaming platforms, NOW! Go bump…

open.spotify.com/track/0Yucu5is…

David Tso (dave.base.eth) 🛡️

We’re literally going to the moon

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

Want to go to space?

@seraspaceage has reserved six seats on an upcoming Blue Origin flight, and you have a chance to join the crew

Mint to gain access to SERA’s astronaut selection program when it goes live

wallet.coinbase.com/ocs/play?chall…

David Tso (dave.base.eth) 🛡️

You can now mint any @DuneAnalytics dashboard on @base

Dune

@DuneAnalytics

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

Turn Your Data into Digital Collectibles!

Meet "Mint Moment", our new initiative built on @base and @zora, designed to reward onchain creators and analysts!

Get ready to mint, collect, and keep a piece of history.
#OnchainSummer

David Tso (dave.base.eth) 🛡️

Oᑎᗩ↑ᖇ ᔑᑌᗰᗰEᖇ

The @ufo__club radio station has arrived on @base

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

On Air Summer by @ufo__club is a generative collection that captures memories from onchain radio episodes with artist collectives like @RefractionDAO, @songcamp_, @thepark, and @higheronchain

Now minting on @Highlight_xyz

wallet.coinbase.com/ocs/play?chall…

David Tso (dave.base.eth) 🛡️

If you’re a social builder on @base, you won’t want to miss this

jakub rusiecki

@jakub_rusiecki

1/ When markets are choppy, it’s best to focus on building

@1kxnetwork and @socialgraphvc are launching the Onchain Bear Cage in partnership with @base and @Livepeer! A show where social builders can pitch to get the chance to win a grant!

The prizes are:

$5k

$3k

$2k

David Tso (dave.base.eth) 🛡️

We

the @sofamon_xyz

Sofamon 🐰

@sofamon_xyz

Sofamon Gacha Machine, powered by @Base, is live!

Mint a cat-themed wearable for just 0.007 ETH per pull.

More details on Telegram mini app.

Available for 48 hours only.

Heal the world with cats @CatizenAI

David Tso (dave.base.eth) 🛡️

If you have travel plans this summer, you know what to do

Welcome to @base, @MintPassTravel!

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

Bring your beloved travel memories onchain with @MintPassTravel

Create a personalized postcard and get a chance to touch sand by winning a free cruise from @VirginVoyages

(All prizes distributed by MintPass and subject to any applicable terms and…

David Tso (dave.base.eth) 🛡️

Pay with $USDC on @base

Faster, cheaper, and borderless

Crypto is the native form of money on the internet

Sarah Wolf

@sarahzorah

This juice stand at the San Rafael Farmer’s market accepts payment in cash or crypto only. No credit cards. I paid 10 USDC on @base; the merchants were onboarding customers in line. It’s happening.

David Tso (dave.base.eth) 🛡️

Game recognize game

@juicy_adventure x @gram_voyage x @iskra_world x @base

Base

ᔑᑌᗰᗰEᖇ ᔑᑭOTLIGHT

Juicy Adventure is a casual shooter by @gram_voyage, published by @iskra_world

Select your three favorite fruit and mint a free Juice Pack for @juicy_adventure

wallet.coinbase.com/ocs/play?chall…

David Tso (dave.base.eth) 🛡️

Media companies are continuing to come onchain

Mint on @base for a 6-month free subscription to @Forbes

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

Inspire is a free soulbound collectible from @ForbesWeb3 for the dreamers and doers

Mint to enjoy benefits including a 6-month subscription to @forbes and a $100 digital gift card in partnership with @Sleap_io

wallet.coinbase.com/nft/mint/forbe…

David Tso (dave.base.eth) 🛡️

A based ERC-404 experiment by @creatureworld

Live for 24 hours only on @base

Base

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

Creature Cubes is a collection of digital sculptures from @creatureworld

Grow your cube collection and build structures with them inside a token-gated 3D gallery

wallet.coinbase.com/ocs/play?chall…

David Tso (dave.base.eth) 🛡️

Love seeing more anime onchain

@base is for everyone, every culture

Harvest Hall

@HarvestHall_io

MINT IS LIVE!

OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ

Available now on @MagicEden (mint link below)

Open Edition 0.003 ETH

After mint, connect your wallet to the Onchain Summer website and earn +1500 @base points

Stay based.

Infrastructure Updates

David Tso (dave.base.eth) 🛡️

Blown away every time by how fast and easy it is to use onchain apps that support Smart Wallets on @base

<10s to onboard, 10x more seamless than traditional login methods

@coinbase Smart Wallet is truly a game changer

David Tso (dave.base.eth) 🛡️

Even more creator rewards on @zora

You can now earn on mints during the minting window AND on every secondary trade via @Uniswap LP pools

Zora

@zora

When the mint ends, the magic begins.

Introducing a new era for secondary markets and secondary rewards for creators, powered by Uniswap.

David Tso (dave.base.eth) 🛡️

Soon, every user’s first onchain experience will be on mobile

@OnchainKit makes building onchain mobile apps super easy so you can onboard the next billion users

Tina He

@fkpxls

The long-awaited Smart Wallet React Native SDK for Mobile is finally here.

DM for access.

We're looking for partners creating mobile-native experiences to bring mainstream audience onchain.

David Tso (dave.base.eth) 🛡️

Here are the three most powerful tools if you’re thinking of joining the @base ecosystem or building on Base

Remember: Base is for everyone, and everyone is a builder on Base

jesse.base.eth

top three tools for a based builder

1. /base-builds on @farcaster_xyz - universal builder income
2. basename - your onchain builder identity that makes onchain easy
3. style guide - an easy guide to help you speak with a shared voice

learn and use them!

David Tso (dave.base.eth) 🛡️

Dumb universal wallets → embedded wallets → smart universal wallets

jesse.base.eth

a universal onchain wallet will be 10x better for builders and users by providing everything:

- info (email, phone, shipping, socials)
- funding (balance, card, ach)
- verification (KYC, humanity)
- onchain activity (addresses, social)

10x better than web2 or embedded wallets

David Tso (dave.base.eth) 🛡️

The entire @chainlink product suite is now available to @base builders

What will you build?

Chainlink

@chainlink

Chainlink Data Streams and VRF are now officially live on @base.

With these latest integrations, all #Chainlink services are now live on Base, making the Chainlink Scale partner incubated by @coinbase fully platformed on Chainlink.
prnewswire.com/news-releases/…

David Tso (dave.base.eth) 🛡️

Basenames powered by @ensdomains = the easiest way for anyone, anywhere, to build their identity and reputation onchain

Base

Basenames are now live

Claim a unique base.eth username to make it easier to connect, collaborate, and contribute onchain

base.org/names

David Tso (dave.base.eth) 🛡️

Fully based

jesse.base.eth

if you're based, quote tweet this with a pic of your basename.

not fully based yet? register yours at base.org/names

David Tso (dave.base.eth) 🛡️

At @base, we’ve built a bunch of tooling to make it easier for you to build better apps:

- @CoinbaseWallet Smart Wallet
- @OnchainKit Components
- @coinbase Verifications
- @CoinbaseDev Paymaster

We’re builders at heart, and we want to help you do the same

David Tso (dave.base.eth) 🛡️

In less than a week, ~165K Basenames have already been registered

Here is why your @base name is going to become the center of your onchain identity

Register yours:

base.org

Basenames

Basenames are a core onchain building block that enables anyone to establish their identity on Base by registering human-readable names for their address(es). They are a fully onchain solution which...

jesse.base.eth