Coinbase introduced a function on Nov. 9 that permits customers to attest their account and nation credentials on-chain and entry extra advantages.
Coinbase’s help pages point out that issued verifications are supposed to function a “trusted badge” that grants entry to on-chain apps and advantages. Coinbase stated 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 collaborating apps on the Base community. These upcoming apps embody three DeFi platforms: Index Coop, Perennial, and Volmex.
Neighborhood knowledge 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 assist web page gives extra particulars. It notes that verifications could 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 could be related to as much as three addresses, together with MetaMask and Coinbase Pockets addresses.
Coinbase stated that testifying one’s nation of residence is non-compulsory however famous that getting access to sure apps could also be vital. It additionally assured customers that their info is not going to be printed on-chain with out their consent.
To confirm an account on-chain, customers should have a Coinbase account that’s not topic to purchasing, promoting, and buying and selling restrictions, Coinbase stated.
Coinbase added that it in the end goals to permit third events to situation verifications using the service and broaden the methods by which customers could be verified.
Verifications are issued by means of the Ethereum Attestation Service (EAS), an Ethereum neighborhood undertaking additionally utilized by different tasks, together with Optimism.