Floki Hosts Massive Giveaway to Incentivize the Community

Crypto exchange Coinbase has announced to launch of its first-ever quest on Coinbase Wallet with Optimism network.

The Quests on wallet allow anyone to earn onchain crypto by learning web3 using hands-on activities. For the quests on Optimism, you can learn how to swap, delegate, stake, and get rewarded in OP from Coinbase Wallet.

As reported, the quests are mobile-only, first-come, first-served, and OP rewards may be depleted quickly. With the first quest on Optimism Coinbase Wallet, you can earn 2 OP when you swap your ETH for USDC, DAI, USDT, or WBTC on the Optimism network. However,  the quest availability may vary by country. 

To use the quests, you need to download the Coinbase wallet and fund it with ETH on the Optimism network. After that, you can explore the Wallet Quests in the asset navigation menu.

Nevertheless, this is not the first collaboration between Optimism and Coinbase in recent times. Coinbase launched Base, a layer two network, on February 23, utilizing Optimism’s OP Stack to attract millions of new crypto users. 

Base seeks to provide easy and secure access to layer 2 networks such as Optimism and other blockchains ecosystems like Solana.

Further, Alchemy’s NFT Activity Webhook now supports Optimism, allowing users to track all NFT activity on Optimism. When an Optimism NFT transfer is happening that users are interested in, they’ll receive notifications directly to their inbox.

Meanwhile, MetaMask has announced the addition of network and bridge support for Optimism along with Arbitrum.

Optimism is trading at $1.85 at press time, down 9.25% in 24 hours.

‍

What is Optimism:

Optimism was established in 2019 by a team of Ethereum developers and operated as an L2 blockchain that leverages optimistic rollups to process transactions in batches. This technology offers users cost-effective and almost instantaneous transactions. Optimism is also a reliable, scalable, and secure platform for developers seeking to create Ethereum applications quickly.

‍

Learn more about Optimism:

Website | Twitter | Docs | Governance |

‍

What is Coinbase:

Coinbase is one of the oldest cryptocurrency exchanges in the world. The exchange was founded by Brian Armstrong and Fred Eshram back in 2012. While Armstrong remains at the helm of the exchange as the CEO, Eshram left the company in 2017 but still owns 6% of the equity and serves on the board of directors. Coinbase (COIN) became the first cryptocurrency firm and exchange to trade on Nasdaq starting on April 14, 2021. The stock has even briefly surpassed a market capitalization of $100 billion, although its market cap is just over $15 billion at the time of writing.

‍

Find more about Coinbase here:

Website | Twitter | Blog |

‍

Follow us on Twitter and Instagram to keep up with all the latest news for BNB Chain and crypto.

If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.

Want the latest DeFi secrets delivered directly to your inbox every week from a leading industry expert? Instantly learn about strategies that could have you earning APYs of up to 69,000% with DeFi Maximizer. Sign up today and enjoy a 25% discount off of your first month!

Looking for a job in crypto? Check out the CryptoJobsNow listings!