PeckShieldAlert has reported that Vitalik Buterin’s labeled address, vitalik.eth, recently bridged 32 Ethereum ($ETH) to the Base network. Apart from this particular transaction, the address created 400 PatronNFT tokens using the transaction.
Vitalik Bridges ETH to Base, Sparks Community Interest in Lower Fees
The transfer to Base, an Ethereum Layer 2 scaling solution, is important as it shows that even Vitalik is involved in scaling solutions. This transaction is attracting a lot of attention from the community since Base has begun to attract users for the following reasons. It has lower transaction fees and faster settlement than Ethereum mainnet.
The minted PatronNFTs are also deserve attention. NFTs remain relevant for further development of web3 technologies and strengthening people’s interest in digital assets. This could be because of a large round of tokens minted, which may be a deliberate action, likely to stress test or market the Base network or its NFT market place.
Vitalik Tests New Blockchain Possibilities, Boosts Base and Ethereum Layer 2
This transaction also continues to show Vitalik’s continued backing of decentralised technologies and Ethereum and its system. As the founder of Ethereum, Vitalik has been constantly trying out different platforms and projects in an attempt to test out new possibilities of blockchain.
Such actions could attract more attention to Base and can even affect the usage of the Ethereum Layer 2 in the future. If Vitalik continues to be involved in such projects, Ethereum could maintain its dominance, which would be beneficial to the projects.
