Coinbase's Base blockchain exploration launches a new cryptocurrency, the network token

ChainCatcher news, according to Jin10, the public blockchain Base initiated by Coinbase is exploring the launch of a new cryptocurrency called "network token." This move could help raise funds for the projects it supports. Network tokens are typically used to pay for the associated fees required for in-app transactions on the blockchain ledger. Coinbase CEO Brian Armstrong stated that this yet-to-be-launched token could help achieve payment decentralization and encourage developer participation, but the idea is still in its early stages.