With Africa’s Web3 developments rising with new-gen developers building Africa-centric solutions with blockchain technology, Base blockchain has become a particular favourite for many.
In Brief
- Base blockchain’s Ethereum-based Layer 2 design enables scalable, low-cost dApps and stablecoin remittances, ideal for Africa’s high-inflation economies.
- Coinbase’s Base Batch Workshops and $1M funding empower African developers to build solutions for SMEs and cross-border payments.
- Partnerships like Yellow Card’s USDC adoption (covering 52% of Africa) highlight Base’s role in democratizing global financial access.
Developed by Coinbase as a Layer 2 blockchain, Base addresses Ethereum’s shortcomings in scalability while fostering innovation in high-growth markets: Nigeria, Kenya and South Africa.
This article illuminates what exactly makes Base a prized option for decentralized creators throughout Africa, highlighting key Coinbase collaborations that have fueled its growth.
What Is the Base Blockchain?
The Base blockchain is an Etherum-based Layer 2 solution designed to enhance transaction speed, reduce costs and improve accessibility for users and developers.
The initiative leverages roll-up technology to process transactions off-chain before finalizing them on Ethereum’s main net.
This approach guarantees security while slashing fees, a prime honey pot for many developers and crypto traders within Africa.
Furthermore, Base’s architecture makes it ideal for dApp development, cross-border payments and stablecoins, aligning its very setup with Africa’s remittance needs.
As a Coinbase Layer 2, Base significantly profits from the exchange’s reputation, vast global reach and services, offering a seamless bridge between centralized and decentralized finance.
Its open-source, Ethereum-compatible architecture enables scalable solutions, fostering a new generation of developers.
Why Africa? Why Base? The Perfect Synergy
Coinbase, a titan within the crypto space, has hinted, severally, on its border mission to democratize finance and Web3 development.
Base blockchain is a vial piece within the jigsaw puzzle. The platform inherently addresses Ethereum scalability solutions, providing faster and cheaper transactions.
CHECK OUT:Coinbase Crypto Services: Powering Africa’s Financial Inclusion Revolution
This tugs on Africa’s growing crypto trading culture, especially in Nigeria and South Africa, where 47% and 22% of adults own cryptocurrencies.
However, the most vital aspect Base offers is aligning with Coinbase’s blockchain developer support initiative.
Currently, leading markets in Africa have realized the true power of Web3 doesn’t lie with Crypto but in decentralized applications.
By leveraging and building Africa-centric dApps, economies can profit from their talent, offering employment alongside technological advancements, all from the power of blockchain technology.
As a result of this realization, many organizations have opened their doors to educating new-gen developers on Web3 technology, and the Base community is no different.
The Layer 2 cultivated its unique community through programs like the Base Batch Workshops, which transform ideas into funded products via education, incubators and global demo days.
Coinbase’s Initiatives in Africa: Bridging Gaps with Base
Africa’s high inflation rates, growing Human Capital, low employment rate and reliance on remittances have each factor in developing a hunger for financial freedom among its youth.
Coinbase Africa initiatives have centred their focus on the growing demographics by partnering with local startups, funding young innovators and localized programs.
In 2024, Coinbase partnered with Yellow Card to expand USDC adoption in Africa. The partnership provided low-fee, instant USDC transfers across 20 countries, covering 52% of the continent’s population.
It was a game changer for SMEs, freelancers and developers who opt for stablecoins for payments, global transfers and services payments, providing a shield against currency evaluations.
The Base Batch Workshop is a four-part program that guides developers from ideation to funding.
Base official site.[Photo:Base]
This initiative is a game-changer for SMEs and individuals in high-inflation economies, enabling them to hedge against currency devaluation while accessing global financial systems.
For instance, the 2024 Based Africa buildathon awarded 25 ETH in prizes and provided marketing support to winners, amplifying their reach through Base’s social channels.
With 72% of global crypto owners under 34, Coinbase’s focus on youth-driven innovation is both timely and strategic. Accompanied by Base’s attributes, fostering dApp developments is overhauling Africa’s Web3 Economy.
The Future of Bases in Africa
Base blockchain presents immense potential in fostering Africa-centric dApps, solving several issues plaguing our growth and success.
Its developer programs, hinging on Coinbase’s already growing community in Africa, fuel the decentralized economy even further.
CHECK OUT:Coinbase Data Breach and SEC Investigation Trigger 7% Stock Drop Amid Growing Security Concerns
Although various challenges like regulatory uncertainty and infrastructure gaps continue to gatekeep a vast number of talented minds, its focus on building next-gen developers is unmatched.
Coinbase’s investments in localized infrastructure—such as supporting Mara, an African crypto exchange—and its emphasis on stablecoin adoption in Africa position Base as a leader in the region’s web3 transition.
Base is not just participating in Africa’s crypto story; it’s actively helping to write it, accelerating the continent towards a more inclusive and innovative financial system powered by the possibilities of blockchain.
The journey of building Africa’s on-chain future is well underway, with Base serving as a critical accelerator.
1 comment
[…] CHECK OUT: Base by Coinbase: Accelerate dApps and Stablecoin Remittances in Africa […]