Gather round, dear crypto enthusiasts, and let us behold a spectacle more dazzling than a peacock at a masquerade: Coinbase, that digital cathedral of coins, is about to release wrapped incarnations of Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) upon Base—its own Ethereum Layer-2 network. Truly, the world has not seen such audacity since Dorian Gray commissioned his portrait.
This gallant leap comes hot on the crisp heels of cbBTC, Coinbase’s noble wrapped Bitcoin, now living its best life on Base. As with cbBTC, these new tokens will be swaddled in what must be exceptionally intelligent smart contracts—backed 1:1 (though, unlike most friendships, entirely void of drama), making them flawless doppelgängers of their blockchain forebears.
Why, you might ask, would one wish to wrap a coin? Are the original blockchains chilly? Alas, no! The answer is utility, darling—users will soon prance into DeFi ballrooms and dApp soirées with ADA and XRP in tow, delightfully oblivious to ecosystems gone by. Should a user tire of the party, a few magical clicks (and smart contracts, naturally) will restore their tokens to the original chain, no regrets and no walk of shame required.
But wait! Before you go galloping into the digital garden, wallet out and wit unguarded, let’s recall Coinbase’s solemn (and terribly unglamorous) admonition: The tokens are not live—scoundrels and fake tokens abound! Avoid impostors as you’d avoid a dinner invitation from a tax collector. The official release date remains a mystery, but as Wilde would sigh, anticipation is half the pleasure. 🍾🧐
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2025-05-14 03:58