Welcome to the Tso Thoughts newsletter! Every month, I curate my best thoughts, ideas, and observations on crypto and the industry at large.
See you at BaseCamp! 
July 31 - August 1
July 31 - August 1
Who’s ready for BaseCamp?
In just a few days, 350 builders will arrive to the mountains of Idyllwild, California for a summit on the future of our onchain ecosystem
Here's what to expect
basecamp2024.splashthat.com
In just a few days, 350 builders will arrive to the mountains of Idyllwild, California for a summit on the future of our onchain ecosystem
Here's what to expect
basecamp2024.splashthat.com
One based team, one based dream: building a global onchain economy that increases innovation, creativity, and freedom 
400 folks are coming, but there are tens of thousands based builders all around the world.
know this: we see you.
and we will never stop supporting you: trying products, giving feedback, making connections, getting funding, and hyping you up.
one based team, one based dream.
know this: we see you.
and we will never stop supporting you: trying products, giving feedback, making connections, getting funding, and hyping you up.
one based team, one based dream.
Camp is in session 
Leaving BaseCamp as fired up as ever
The @base ecosystem is what it is today because of all of you who have contributed to bringing it to life
So excited to keep building with y’all
The @base ecosystem is what it is today because of all of you who have contributed to bringing it to life
So excited to keep building with y’all
It’s always a great day to build, create, and support others on @base
Feels good to be back at our onchain office
Feels good to be back at our onchain office
5000+ builders created 1255 apps in 30 days, all on @base during the Onchain Summer Buildathon
Never stop building
Never stop building
onchain-summer.devfolio.co
Onchain Summer Buildathon | Devfolio
Build the next generation of the internet
Onchain is a positive sum game
If you spend your time building, you’ll encounter other positive sum builders
And we’ll go further, faster by working together
If you spend your time building, you’ll encounter other positive sum builders
And we’ll go further, faster by working together
Coffee tastes better when you buy it on @base 
Zero fees with $USDC
More money for the local business you love
Zero fees with $USDC
More money for the local business you love
2.5%+ in fees are collected by payment processors. $billions annually.
Instead, stream it directly back to your supply chain. Meet Marco, who runs a coffee farm in Costa Rica.
A new system is possible. We are building it.
Check out @base Cafe at Eth CC and see it in action.
Instead, stream it directly back to your supply chain. Meet Marco, who runs a coffee farm in Costa Rica.
A new system is possible. We are building it.
Check out @base Cafe at Eth CC and see it in action.
Everyone in the @base ecosystem is a part of one big team
We welcome everyone, we support one other, and we all win together
This is the Base way
We welcome everyone, we support one other, and we all win together
This is the Base way
Everyone is a builder on @base
Everyone can be a part of Onchain Summer
There’s a reason we say Base is for everyone
Everyone can be a part of Onchain Summer
There’s a reason we say Base is for everyone
Onchain Summer is for everyone, and we want to showcase what you've built
Submit your projects to the Onchain Summer Registry
base.org/registry
Submit your projects to the Onchain Summer Registry
base.org/registry
Base builders…
Collaborate
Lead the way
Think long term
Tune out the noise
Go above and beyond
Stay relentlessly positive
Collaborate
Lead the way
Think long term
Tune out the noise
Go above and beyond
Stay relentlessly positive
Get a 360° view of all of your onchain activity – all in one unified platform
Onchain Summer on @base is just getting started with @CoinbaseWallet!
Onchain Summer on @base is just getting started with @CoinbaseWallet!
Meet the new Coinbase Wallet web app.
All of your crypto. All of your wallets. All in one place.
Your new home for everything onchain.
→ wallet.coinbase.com/ocs
All of your crypto. All of your wallets. All in one place.
Your new home for everything onchain.
→ wallet.coinbase.com/ocs
Our belief at @base: so much more can be achieved when we build together
Base is for builders and creators everywhere who share a common vision:
Building a global onchain economy that increases innovation, creativity, and freedom
Building a global onchain economy that increases innovation, creativity, and freedom
Base is nothing without the people who build on @base 
Higher together ↑
b̶l̶o̶c̶k̶c̶h̶a̶i̶n̶ w̶e̶b̶3̶ c̶r̶y̶p̶t̶o̶ o̶n̶-̶c̶h̶a̶i̶n̶ O̶n̶C̶h̶a̶i̶n̶
onchain
onchain
Base is bringing the world onchain
d̶A̶p̶p̶s̶ d̶a̶p̶p̶s̶ d̶e̶c̶e̶n̶t̶r̶a̶l̶i̶z̶e̶d̶-̶a̶p̶p̶s̶
apps
apps
as of today, it's just "apps" on @CoinbaseWallet
it was dApps, then dapps but the reality is simple: we're building world-class apps, they just use onchain to be 10x better, 10x cheaper, & 10x more accessible to everyone.
let's show the world how incredible onchain apps are.
it was dApps, then dapps but the reality is simple: we're building world-class apps, they just use onchain to be 10x better, 10x cheaper, & 10x more accessible to everyone.
let's show the world how incredible onchain apps are.
Onchain is…
Open
Global
For everyone
A new system
The next online
And you’re a part of it
Open
Global
For everyone
A new system
The next online
And you’re a part of it
Base continues to scale
Fees
Adoption
Fees
Adoption
The state of @base: avg tx fees , adoption
1. ~$2.3 billion has been bridged from the Ethereum L1 to the Base L2
2. There's close to $3 billion of natively minted USDC on Base
3. In June '24, ~290k unique EOAs deployed contracts on Base
4. The avg tx fee on Base has…
, adoption 1. ~$2.3 billion has been bridged from the Ethereum L1 to the Base L2
2. There's close to $3 billion of natively minted USDC on Base
3. In June '24, ~290k unique EOAs deployed contracts on Base
4. The avg tx fee on Base has…
Base is far greater than just the core team
You bring @base to life by building and creating, no matter where you are
You bring @base to life by building and creating, no matter where you are
Build on @base → get distribution
Now easier and more accessible than ever through our new Onchain Content Network across 10+ platforms
Our team will keep pushing relentlessly to help builders generate more distribution
Now easier and more accessible than ever through our new Onchain Content Network across 10+ platforms
Our team will keep pushing relentlessly to help builders generate more distribution
We want to share what you're building with millions of people
Introducing the Onchain Content Network: @coinbase, @coinbasewallet, @cymbalxyz, @daylight, @floor, @foragexyz_, @layer3xyz, @magiceden, @mintify, @opensea, @rainbowdotme, @roam_xyz
base.mirror.xyz/fD9-3Bl_3PLoUw…
Introducing the Onchain Content Network: @coinbase, @coinbasewallet, @cymbalxyz, @daylight, @floor, @foragexyz_, @layer3xyz, @magiceden, @mintify, @opensea, @rainbowdotme, @roam_xyz
base.mirror.xyz/fD9-3Bl_3PLoUw…
Great to see @base quickly become the home for creators and collectors
This Onchain Summer, we want your help bringing more people onchain
Go build or find something cool onchain and share it with a friend
Aim to onboard a new person onchain every day
Go build or find something cool onchain and share it with a friend
Aim to onboard a new person onchain every day
On @base:
- Everyone, everywhere has access to world-class money
- Creators are earning more with their creativity, art, and music
- People are playing games that are actually fun and enjoyable
Nothing like building the global onchain economy together
- Everyone, everywhere has access to world-class money
- Creators are earning more with their creativity, art, and music
- People are playing games that are actually fun and enjoyable
Nothing like building the global onchain economy together
One of @base’s core values is building in public
Building in public is one of the best ways to get better as a builder, validate your ideas, and create products people love
Based builders build in public
Building in public is one of the best ways to get better as a builder, validate your ideas, and create products people love
Based builders build in public
You can now transfer assets to @base in the @coinbase app for free
Base is the cheapest and fastest way to get onchain
Base is the cheapest and fastest way to get onchain
Getting onchain is now free. Zero fees to transfer assets from Coinbase to Base in seconds. Money moves faster and cheaper onchain.
coinbase.com/send
coinbase.com/send
Calling all students and student blockchain organizations!
@CUBlockchain @PennBlockchain @BlockchainatCU @NYUBlockchain @HBSCryptoClub @Voxchain @BrownUCrypto @YaleBlockchain @MITBitcoinClub @CalBlockchain @wlooblockchain @ubcblockchain_ @camblockchains
@base is for everyone
@CUBlockchain @PennBlockchain @BlockchainatCU @NYUBlockchain @HBSCryptoClub @Voxchain @BrownUCrypto @YaleBlockchain @MITBitcoinClub @CalBlockchain @wlooblockchain @ubcblockchain_ @camblockchains
@base is for everyone
Are you a student interested in @base and opportunities in the ecosystem? Come join us on Telegram! t.me/+-ucX6ACpa0E0Y…
Base is for everyone
@moshicamera is for everyone
@moshicamera is for everyone
since everyone loved sharing their moshis so much...
we are now OPEN TO EVERYONE!
and to kick things off, we're partnering with @base's Touch Grass campaign to give away 3 ETH in rewards this week
see instructions at end of thread for how ↓
we are now OPEN TO EVERYONE!
and to kick things off, we're partnering with @base's Touch Grass campaign to give away 3 ETH in rewards this week
see instructions at end of thread for how ↓
Paris 2024 @Olympics is celebrating on @base with two commemorative pins 
Own a piece of the Paris 2024 Olympics
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ
@nWayGames is bringing the @Olympics onchain with two unique digital collectibles
Secure a piece of history with one of two pins featuring the Paris 2024 mascot on @MagicEden
magiceden.io/launchpad/base…
Own a piece of the Paris 2024 Olympics
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ @nWayGames is bringing the @Olympics onchain with two unique digital collectibles
Secure a piece of history with one of two pins featuring the Paris 2024 mascot on @MagicEden
magiceden.io/launchpad/base…
Legendary collab between:
My favorite artist @DanielArsham
My favorite sport @usabasketball
My favorite company @coinbase
So based
My favorite artist @DanielArsham My favorite sport @usabasketball My favorite company @coinbaseSo based
We're teaming up with renowned artist @DanielArsham to celebrate 50 years of @usabasketball.
Own a piece of art & sports history—for free.
Because fandom moves forward onchain.
→ seasonalerosion.xyz
Gas fees may apply. Save with Smart Wallet, available on the site.
Own a piece of art & sports history—for free.
Because fandom moves forward onchain.
→ seasonalerosion.xyz
Gas fees may apply. Save with Smart Wallet, available on the site.
Another legendary artist, @takashipom, just dropped a trading card collection on @base today
Which cards will you pull? ✿
Which cards will you pull? ✿
Onchain Summer
@takashipom's 'Murakami․Flowers' first appeared in April 2022. Among the 11,664 NFTs generated, 108 secret images were hidden.
Those '108 Flowers' were reimagined as onchain collectible cards and are available for 48 hrs on @base.
→ wallet.coinbase.com/ocs/play?refer…
@takashipom's 'Murakami․Flowers' first appeared in April 2022. Among the 11,664 NFTs generated, 108 secret images were hidden.
Those '108 Flowers' were reimagined as onchain collectible cards and are available for 48 hrs on @base.
→ wallet.coinbase.com/ocs/play?refer…
To celebrate Spain and Argentina winning the EURO 2024 and Copa América 2024, @adidas launched their second mint on @base
Vamos!
ᔑᑌᗰᗰEᖇ ᔑᑭOTLIGHT
The onchain Summer of Sports continues as @adidas commemorates Spain & Argentina’s victories
Owners of all 3 collectibles from adidas’ debut mint have been gifted these new editions, displaying each team’s signature colors
wallet.coinbase.com/ocs/play?chall…
Vamos!
ᔑᑌᗰᗰEᖇ ᔑᑭOTLIGHT The onchain Summer of Sports continues as @adidas commemorates Spain & Argentina’s victories
Owners of all 3 collectibles from adidas’ debut mint have been gifted these new editions, displaying each team’s signature colors
wallet.coinbase.com/ocs/play?chall…
"onchain" /[ɒn.tʃeɪn]/ (n.): an internet by creators, for creators, that rewards the creators who create the creative creations we love
"onchain" /[ɒn.tʃeɪn]/ (n.): an internet by creators, for creators, that rewards the creators who create the creative creations we love.
With @crowdmuse, any creator in the world can unlock their creativity through:
- Selling onchain + physical products via $USDC on @base or Credit Card
- Collaborating with other creators, attributing them, and sharing revenue
- Owning their design assets and IP and getting…
- Selling onchain + physical products via $USDC on @base or Credit Card
- Collaborating with other creators, attributing them, and sharing revenue
- Owning their design assets and IP and getting…
x 
Another slam dunk from @DanielArsham, @usabasketball, and @coinbase 
Building a championship team takes time.
And this @usabasketball piece just entered its second season.
Collect any of the four NFTs in the series and you could win a very special prize from @DanielArsham.
→ seasonalerosion.xyz
And this @usabasketball piece just entered its second season.
Collect any of the four NFTs in the series and you could win a very special prize from @DanielArsham.
→ seasonalerosion.xyz
We collaborated with @AtariX and @stackdotso to let you relive your childhood memories in the new Onchain Arcade
Brb playing Asteroids…
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ
@AtariX is bringing arcade classics like Asteroids and Breakout onchain
Built with @stackdotso, @msenyil, and @mx1000m, mint proceeds are distributed to the developers, artists, and builders behind each game
arcade.fun/asteroids
Brb playing Asteroids…
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ @AtariX is bringing arcade classics like Asteroids and Breakout onchain
Built with @stackdotso, @msenyil, and @mx1000m, mint proceeds are distributed to the developers, artists, and builders behind each game
arcade.fun/asteroids
Massive!! Couldn’t be more stoked for @darylX24, @viktoriya0x, and the @npclabs_org team
@b3dotfun is making mass-market onchain gaming a reality, and you’ll be hearing a lot more about them in the future, I’m sure of it
@b3dotfun is making mass-market onchain gaming a reality, and you’ll be hearing a lot more about them in the future, I’m sure of it
Huge kudos to @ljxie and team for telling the story of @VitalikButerin and the world coming onchain
This decentralized, crowdfunded, and community-made @EthereumFilm documentary will go down in the history books
This decentralized, crowdfunded, and community-made @EthereumFilm documentary will go down in the history books
Excited that our @Ethereumfilm feature documentary trailer for “Vitalik: An Ethereum Story” is live!!
3 years in the making, funded by the Ethereum community, and a full crypto-native distribution to release it
Watch and mint the full trailer at ethereumfilm.xyz
3 years in the making, funded by the Ethereum community, and a full crypto-native distribution to release it
Watch and mint the full trailer at ethereumfilm.xyz
Fire an onchain recipe book – yes, chef!
The @base community has been cooking
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ
COOKBOOK is an onchain community cookbook created by award-winning chef and restaurateur, @jeremyfall
Minting grants access to a token-gated recipe site that anyone can contribute to
wallet.coinbase.com/ocs/play?chall…
The @base community has been cooking
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ COOKBOOK is an onchain community cookbook created by award-winning chef and restaurateur, @jeremyfall
Minting grants access to a token-gated recipe site that anyone can contribute to
wallet.coinbase.com/ocs/play?chall…
There’s so much energy, creativity, and fun happening on @base right now
Love to see consumer apps like @nftarot_xyz
ᔑᑌᗰᗰEᖇ ᔑᑭOTLIGHT
NFTarot is an onchain tarot card app from @taramoves that mints a personalized reading based on your selection and your wallet address
Breathe deeply, focus on your intentions, and pull a card onchain
wallet.coinbase.com/ocs/play?chall…
Love to see consumer apps like @nftarot_xyz
ᔑᑌᗰᗰEᖇ ᔑᑭOTLIGHT NFTarot is an onchain tarot card app from @taramoves that mints a personalized reading based on your selection and your wallet address
Breathe deeply, focus on your intentions, and pull a card onchain
wallet.coinbase.com/ocs/play?chall…
This is what mainstream adoption looks like
The incredible @doodles team leading the way, on @baseᴗ
The incredible @doodles team leading the way, on @base
ᴗ
officially presenting Doodles Records and its first project, the 'Dullsville and the Doodleverse' soundtrack
produced by @pharrell
featuring @LilTunechi @SwaeLee @LilYachty @coi_leray + kyle richh
details ↓
produced by @pharrell
featuring @LilTunechi @SwaeLee @LilYachty @coi_leray + kyle richh
details ↓
Ddlesᵗᵛ Super Pass
Now live exclusively on @base and @CoinbaseWallet
dlesᵗᵛ Super PassNow live exclusively on @base and @CoinbaseWallet
Doodlesᵗᵛ Super Pass (Season 1) is here
be first to experience the digital debut of our animated special ‘Dullsville and the Doodleverse’ and the accompanying soundtrack, featuring music by @Pharrell
minting exclusively on @CoinbaseWallet
be first: wallet.coinbase.com/nft/mint/doodl…
be first to experience the digital debut of our animated special ‘Dullsville and the Doodleverse’ and the accompanying soundtrack, featuring music by @Pharrell
minting exclusively on @CoinbaseWallet
be first: wallet.coinbase.com/nft/mint/doodl…
What if you were rewarded for eating at your favorite restaurants?
What if your favorite restaurants could cut out high-fee credit card companies?
That’s exactly what @blackbird_xyz’s Flynet enables, built on @base
What if your favorite restaurants could cut out high-fee credit card companies?
That’s exactly what @blackbird_xyz’s Flynet enables, built on @base
Flynet from @blackbird_xyz, the new L3 built on Base, brings a new way to pay that lets diners leave when they're ready without waiting for a check
Plus, restaurants save big with lower fees
This is what bringing real-world businesses onchain looks like
Plus, restaurants save big with lower fees
This is what bringing real-world businesses onchain looks like
Did somebody say onchain commerce?
Shop onchain this summer, powered by @slice__so
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ
The Coinbase Summer Shop is an onchain marketplace featuring 100+ unique items from talented creators
Powered by @slice__so, this is a new hub for onchain physical goods
wallet.coinbase.com/ocs/shop
Shop onchain this summer, powered by @slice__so
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ The Coinbase Summer Shop is an onchain marketplace featuring 100+ unique items from talented creators
Powered by @slice__so, this is a new hub for onchain physical goods
wallet.coinbase.com/ocs/shop
Onchain is a new technology changing the world for the better
Mint the world’s first digital plants that absorb carbon on @base
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ
plant-based is a (re)generative art series by @cyrusclarke that evolves, grows, and stores carbon via verifiable credits developed by @toucanprotocol
Mint to support climate action
wallet.coinbase.com/ocs/play?chall…
Mint the world’s first digital plants that absorb carbon on @base
OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ plant-based is a (re)generative art series by @cyrusclarke that evolves, grows, and stores carbon via verifiable credits developed by @toucanprotocol
Mint to support climate action
wallet.coinbase.com/ocs/play?chall…
We’re making smart accounts the new default on @base, and we’re giving developers world-class tooling to do it
If you’re building this, please reach out
If you’re building this, please reach out
The @base core protocol team is relentlessly focused on shipping upgrades like Fjord that will continue to make transactions on Base cheaper and cheaper
Onward and onchain
Onward and onchain
pretty epic to see the impact of the fjord upgrade yesterday on blobspace
@base now publishes way fewer blobs, which means lower fees for users AND more blobspace for everyone else
@base now publishes way fewer blobs, which means lower fees for users AND more blobspace for everyone else
ICYMI: @Onchainkit is the best toolkit to build apps onchain
Oh, and it’s completely free, fully open source, and available for anyone to use
Oh, and it’s completely free, fully open source, and available for anyone to use
Our landing page just got an upgrade
We're not stopping until we become the best toolkit to build apps onchain.
Get started now: onchainkit.xyz
npm install @ coinbase/onchainkit
We're not stopping until we become the best toolkit to build apps onchain.
Get started now: onchainkit.xyz
npm install @ coinbase/onchainkit
This is how every onchain app should work
Fault proofs allow anyone to permissionlessly make or challenge a proposal about the state of an L2
Fault proofs are now live on @base testnet, paving the way for bringing fault proofs to mainnet and getting to Stage 1 decentralization soon
Fault proofs are now live on @base testnet, paving the way for bringing fault proofs to mainnet and getting to Stage 1 decentralization soon
We’re taking a step towards the next stage of decentralization
Fault proofs are live on Base Sepolia testnet
base.mirror.xyz/Odr64Blt1YLjR2…
Fault proofs are live on Base Sepolia testnet
base.mirror.xyz/Odr64Blt1YLjR2…
We’re working hard to make every transaction on @base under 1 second and 1 cent to bring in the next wave of adoption
on the path towards consumer-friendly UX!
One based profile, every onchain app 
ICYMI during today’s livestream at BaseCamp, Basenames are now in early access
Get a unique name powered by ENS, build a based profile showing your skills,and discover other based builders that you want to work with
base.org/names
Get a unique name powered by ENS, build a based profile showing your skills,and discover other based builders that you want to work with
base.org/names
And that’s my monthly roundup! Subscribe for free to receive new posts and follow me to stay in the loop.