- Shiba Inu’s lead developer, Shytoshi Kusama, has suggested similarities between Coinbase’s ‘Onchain Summer’ campaign and the ideas initially introduced by the Shiba Inu community.
- Coinbase is set to launch its Ethereum layer-2 solution, Base, on August 9 as part of its ‘Onchain Summer’ initiative, an event drawing parallels with Shiba Inu’s ‘Summer of Shibarium’ campaign.
Shytoshi Kusama, the lead developer of Shiba Inu, has raised eyebrows at Coinbase’s ‘Onchain Summer’ campaign, hinting at resemblances to the concepts initially put forth by the Shiba Inu community. Kusama’s response to a statement by Coinbase’s CEO Brian Armstrong was poignant, quipping, “If it isn’t a shadowcat, it’s a copycat.”
Base’s Launch & Onchain Summer
On August 3, Armstrong announced the imminent launch of the Base mainnet on X (formerly Twitter) while underscoring Coinbase’s impending ‘Onchain Summer’ initiative. Coinbase is on the cusp of launching its Ethereum layer-2 solution, Base, on August 9. Armstrong clarified that the main objective of Base is to usher in the next billion users to the blockchain ecosystem by providing tools for creating diverse Web3 products.
I just minted Bridge to Base, celebrating the start of @BuildOnBase bringing billions of people onchain.
It’s Onchain Summer. https://t.co/gTcUcuklPF
— Brian Armstrong 🛡️ (@brian_armstrong) August 3, 2023
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In sync with the launch of Base, the Coinbase team has orchestrated an event known as ‘Onchain Summer.’ Slated to commence on August 9, this initiative has elicited a range of reactions from the Shiba Inu community. As part of its announcement, Coinbase revealed plans for a celebratory event coinciding with Base’s mainnet launch. The event is envisioned as a multi-week gala featuring art, music, and gaming.
Summer of Shibarium: Parallels Drawn
Notably, on July 15, Kusama, the lead developer of Shiba Inu, had kicked off the ‘Summer of Shibarium’ campaign, a preparatory phase before the mainnet launch of their layer-2 scaling solution. Drawing attention to this similarity, Kusama hinted that Coinbase’s ‘Onchain Summer’ initiative might have taken a leaf out of Shiba Inu’s book. Nevertheless, the activities associated with both events differ significantly.
The ‘Summer of Shibarium’ is presently in full swing, with numerous releases being introduced as part of the Shibarium mainnet launch’s preparatory stage. Among the most recent advancements are the Shibarium Beta Bridge and the Shibarium YouTube launch. While parallels are being drawn between the initiatives of the two entities, the crypto community awaits to see how these events will unfold in the context of blockchain adoption.
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