Former-Base Team Launches Blue-Chip Token Backed by Coinbase Ventures

Last updated: February 10, 2025 16:57 EST

Journalist

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

Author Categories

About Author

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

Last updated:

February 10, 2025 16:57 EST

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B3, a blockchain built on the Ethereum-based Base network by former Coinbase employees, launched a blue-chip infrastructure token on Bybit on Monday and is scheduled to be available on Coinbase soon.

Developed by a team of former Base and Coinbase engineers, as well as strategists, the B3 team is pushing for advancement in the Web3 gaming sector.

Coinbase will add support for B3 (Base) (B3) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.

— Coinbase Assets 🛡️ (@CoinbaseAssets) February 10, 2025

In an X post, Coinbase Assets said: “Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established, trading on our B3-USD trading pair will launch in phases. Support for B3 (Base) may be restricted in some supported jurisdictions.”

Redefining Blockchain Gaming with a Unified Ecosystem

B3 claims the project is stands out for being the first infrastructure token to secure a direct listing on Coinbase at its inception.

B3 said it plans to tackle the prevalent fragmentation in Web3 gaming through its “Open Gaming.” This framework allows game developers to launch their own chains while maintaining shared liquidity and interoperability.

The platform has seen over 6 million wallets created, 140,000 daily active players, and more than 130 million transactions within its first 100 days, according to B3.

Daryl Xu, B3 core contributor and CEO at NPC Labs, told Cryptonews that gaming was the most effective use case for bringing users on-chain.

Xu emphasized that early blockchains were primarily designed for financial applications, which led game developers to focus heavily on tokenomics, often at the expense of player experience.

“We’ve built infrastructure that really supports gameplay and for developers to make use of blockchain’s advantages,” said Xu.

Players can stake B3 to gain exposure to future B3 Gamechains, fund and publish games they believe in to earn rewards, access early game features on BSMNT, and participate in governance to influence its future.

B3 Expands Gaming Ecosystem with B3.Fun’s Mainnet Launch

In August, B3.fun officially launched its game discovery platform, BSMNT.fun. The B3.fun platform has made its debut on the mainnet and reports a high-volume testnet with over 367,000 wallets created so far and 47 million transactions.

B3 initially supports games built on Ethereum, Base, and other Ethereum Virtual Machine (EVM) chains, with plans to easily onboard games from other chains like Solana.

As B3 continues to expand its platform, it encourages developers to explore new on-chain gaming opportunities, potentially shaping the future of blockchain-based gameplay.