Coinbase introduced a characteristic on Nov. 9 that enables customers to attest their account and nation credentials on-chain and entry further advantages.
Coinbase’s assist pages point out that issued verifications are supposed to function a “trusted badge” that grants entry to on-chain apps and advantages. Coinbase mentioned that verification will initially present customers with a badge in Base’s Guild — the membership program for its second-layer community, Base — plus entry to a personal Discord channel.
Coinbase added that verification will quickly present entry to gasless (i.e., feeless) transactions, plus entry to different taking part apps on the Base community. These upcoming apps embody three DeFi platforms: Index Coop, Perennial, and Volmex.
Neighborhood information from Dune Analytics means that Coinbase has issued over 9,700 attestations to greater than 6,200 distinctive recipients since late October.
Coinbase explains participation necessities
The rest of the assistance web page supplies extra particulars. It notes that verifications may be tied to any self-custodial Ethereum (EVM) pockets tackle however can’t be transferred to different addresses. A separate part notes that the verification may be related to as much as three addresses, together with Metamask and Coinbase Pockets addresses.
Coinbase mentioned that testifying one’s nation of residence is non-compulsory however famous that it could be needed to take action to achieve entry to sure apps. It additionally assured customers that their data is not going to be printed on-chain with out their consent.
To be able to confirm an account on-chain, customers will need to have a Coinbase account that isn’t topic to purchasing, promoting, and buying and selling restrictions, Coinbase mentioned.
Coinbase added that it finally goals to permit third events to concern verifications utilizing the service and develop the methods wherein customers may be verified.
Verifications are issued by means of the Ethereum Attestation Service (EAS), an Ethereum group challenge additionally utilized by different tasks, together with Optimism.
