- ChainGPT integrates with Coinbase’s Base blockchain.
- Hopes to boost transaction speed and reduce costs for users.
- Follows previous integrations with Solana.
Blockchain interoperability is becoming one of the main focuses for how the technology can move forward. Protocols that can span various chains can access more users and offer a better experience to their user base. Most recently, ChainGPT, an AI-focused Web3 protocol, announced its latest integration: Ethereum Layer 2 Base.
ChainGPT will leverage Base’s high-speed and low-cost transactions for decentralized applications (dApps). This integration is the latest in efforts to support popular chains, including Solana.
ChainGPT Integrates with Base for Faster Speeds
In July, ChainGPT, a blockchain with a set of AI-powered tools and services in the Web3 space, announced an integration with Base, an Ethereum Layer-2 network developed by Coinbase. Specifically, Base projects will now be available on ChainGPT Pad.
The integration with ChainGPT Pad will enable the launch of Initial DEX Offerings (IDOs) of Base applications on its platform. This will enable Base projects to access ChainGPT’s users while enabling ChainGPT to take advantage of Base’s low cost and high speeds.
“This integration marks a significant step forward in empowering projects to launch IDOs on the Base blockchain,” says Ilan Rakhmanov, CEO and Founder of ChainGPT. “By leveraging Base’s efficient and cost-effective network, we are providing creators and developers with the tools they need to fund and scale their projects swiftly and effectively.”
ChainGPT’s Latest Integration Comes After Solana
The latest integration can come after a similar integration with Solana and ZkSync. In June, ChainGPT enabled Solana projects to access its launchpad, letting them conduct IDOs directly on the Solana blockchain. ChainGPT Pad also unveiled support for Phantom Wallet, the most popular wallet on Solana.
The move came shortly after the ZKsync integration, enabling its users to use the ChainGPT pad as well. Both integrations enabled users to invest in IDOs directly on the respective blockchains, enabling faster and cheaper transactions. While Solana promotes itself as a high-performance layer-1 blockchain, Zksync is another Ethereum layer-2.
On the Flipside
- While integrating with multiple blockchains enhances functionality, it also introduces security risks, as each blockchain has its own vulnerabilities.
- Managing scalability across multiple blockchains can be challenging and may affect performance and user experience.
Why This Matters
The integration of ChainGPT Pad with Base and other blockchains like Solana and ZKsync signifies a growing trend of blockchain interoperability. It also expands ChainGPT’s potential user base and improves the overall user experience.
Read more about ChainGPTs other integrations:
ChainGPT Now Supports New Solana Projects with Its IDO Pad
Read more about BlackRock’s view on Bitcoin:
BlackRock CEO Reverses on Bitcoin: ‘I Look At it as Digital Gold’
