- Base hits 1 billion transactions in record time, becoming the fastest-growing Ethereum Layer-2 network.
- NFT release celebrating Base’s milestone sparks copyright concerns after artist claims lack of attribution.
- Base apologizes, transfers NFT proceeds to artist, and commits to preventing future creative ownership issues.
On November 15, Base announced completing one billion transactions since its launch in August 2023. This goal was achieved in just over a year of platform operation, which shows its dynamic development. It took Bitcoin more than 15 years to achieve the same level of success.
Base is currently the fastest-growing Layer-2 solution for Ethereum, outpacing others such as Optimism and Arbitrum. In the most recent CoinGecko report, it was listed as the 2nd most popular blockchain in 2024. It also stated that Base receives nine times as much attention as Arbitrum, its closest contender.
The network relies heavily on the sustainability of Coinbase, which serves as its primary support. For Base, Coinbase has been a key player given its standing and capabilities as the biggest cryptocurrency exchange in the United States.
NFT Release Sparks Backlash
To commemorate the one billion transaction milestone, Base released a celebratory NFT. However, the artwork came under scrutiny after digital artist Chris Biron accused the network of copying his work. Biron claimed the network profited over $36,000 from the NFT without crediting him.
The artist expressed frustration over the lack of attribution. “When a $76 billion corporation uses my work and earns significant profits without credit, it feels unfair,” Biron stated.
Apology and Resolution
Base lead developer Jesse Pollak issued a public apology following the backlash. He clarified that the incident was unintentional and acknowledged the resemblance to Biron’s artwork. In a statement, Base promised to transfer all NFT proceeds to Biron. The team also committed to improving its processes to avoid similar incidents in the future.
Biron responded positively to the apology by calling it a class act. He praised Base for addressing the situation respectfully and taking corrective action. Base’s milestone reflects its prominence in the blockchain space, though the NFT controversy serves as a reminder of the challenges tied to creative ownership.
The post Base Celebrates Milestone While Addressing Accusations of NFT Misuse appeared first on Crypto News Land.
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