Masa Finance has announced that its soulbound tokens will soon be available on Coinbase’s Base network, enabling users to link identifying and reputational characteristics to their wallet addresses. The new tokens will allow credit underwriting to be conducted on the blockchain. Masa had previously released its Soulbound Token protocol for Ethereum and Celer, which can be used for a wide variety of applications, including decentralized captcha bots, membership badges, loyalty programs and achievement badges. In the upcoming weeks, a Base SBT Developer Toolkit will be launched by the company, comprising a quickstart guide, Masa command line interface, software development kit, REACT developer tools, and application building examples using Masa soulbound tokens.
Coinbase launched its Base Network testnet in February, planning to implement it as an optimistic rollup layer 2 for Ethereum. On March 23, Coinbase issued a Request for Builders asking developers to create several protocol types for Base, including an on-chain reputation system. Masa began developing a Base version of its soulbound protocol in response to the request.
