The opposite of Namebase? π³ The Base Network Layer-2 is launching Basenames, allowing users to convert their complicated wallet addresses into human-readable subdomains on the network. Created using technology developed by the Ethereum Name Service, Basenames will allow anyone to easily identify or establish their on-chain identity on Base. Basenames are initialized under an existing ENS domain, which is known as the parent, allowing users to create an unlimited number of subdomains. The owner of the parent ENS will then have full control over these subnames, which ends with the suffix '.base.eth' To promote a fair launch process for all interested buyers, all available Basenames will be listed through a 36-hour Dutch auction. The premium fee to secure the subdomains will start at 100 ETH and gradually decrease to 0.12 ETH over the first 12 hours. According to the Layer-2's creator, Jesse Pollak, Basenames will go live later today. |
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