Coinbase's Base Enhances NFT Indexing with The Graph

The Graph Foundation collaborates with Coinbase to improve NFT transfer indexing on Base, an Ethereum Layer 2 platform, deploying services in just ten minutes.

The partnership fosters rapid adoption of decentralized applications, enhances Ethereum scalability, and bolsters The Graph’s indexing protocol, though no immediate market shifts are documented.

The Graph and Base Forge NFT Indexing Alliance

The Graph Foundation and Coinbase are key players in this integration, enhancing NFT indexing on Coinbase’s Base. The Graph’s past success with multi-chain support sets a precedent for Base’s swift deployment. Developers from Coinbase and the core team are focused on deploying subgraphs and dApps. There’s no recent CEO or founder statements, but community channels indicate positive reception. Official updates highlight new capabilities.

“With Base on testnet, developers can now build applications, deploy smart contracts, and record data emitted by those smart contracts using subgraphs. This integration enables fast and seamless indexing of NFT transfers and other on-chain events.” — The Graph Foundation, Official Blog

Base Scaling Spurs Developer Engagement and Growth

The Graph’s integration with Base has no immediate funding impact but offers long-term scalability benefits. Developer activity on Base is increasing, showing potential gains in dApp adoption and ecosystem growth. While GRT and ETH remain stable without significant liquidity changes due to Base’s launch, historical data shows a trend of increased demand following past integrations. This may boost on-chain data services over time.

Layer 2 History Paints Rosy Outlook for Adoption

Like previous multi-chain undertakings, The Graph’s support of Layer 2 solutions like Arbitrum and Optimism led to heightened GRT utility and subgraph deployment. This integration with Base is poised for similar success. Kanalcoin notes that the historical pattern of new network indexing often leads to increased adoption. Expert opinions suggest that Base’s integration could replicate such successes, leveraging data and historical trends for future gains.

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