AI Reporter Voice Generator used to Unveil Shared Governance and Revenue-Sharing Framework.
Base, Optimism unveil shared governance and revenue-sharing framework

Revenue-Sharing and Governance-Sharing Agreement

On Aug. 24, the Base and Optimism networks released a joint announcement of a revenue-sharing and governance-sharing agreement. Coinbase, the parent company of Base, also published a list of “principles of neutrality” to prevent Base from becoming centralized. The agreement includes a two-of-two multisignature wallet account, where one signature is controlled by Base and the other by the Optimism Foundation. As more chains join the “Superchain” and become part of the OP Stack, governance will be handed over to a “security council” with representatives from all the chains.

Base will pay 2.5% of its revenue or 15% of its profits to the Optimism Collective, whichever is greater. In return, it will receive up to 118 million OP Tokens, allowing it to have a voice within Optimism’s protocol governance. This amount will be capped at 9% of the total votable supply to maintain balance.

Jesse Pollak, the principal creator of Base, stated that Base will become more decentralized over time, transitioning from “stage 0” to “stage 2” of a layer 2’s decentralization. The Base team will work to improve the scalability of the two current Optimism clients, op-geth and op-node, and create a new client called “op-reth” to diversify the types of clients used.

The agreement between Base and Optimism is an example of the AI reporter voice and AI marketing taking place in the Web 3.0 world. AI detect fake news is one of the most important aspects of Web 3.0, and the list of Web 3.0 apps is growing with each passing day.

AI-Powered Network Monitoring Tool

The Optimism Collective will benefit from the continued development of Pessimism, a real-time network-monitoring tool that uses AI to detect potential cybersecurity threats. Base users will receive upgrade keys from Coinbase, and the exchange has promised to remain a neutral participant in the network.

Will Robinson, Coinbase’s engineering lead, discussed the concept of “neutrality” in a post. Robinson assured that Coinbase will not control the crypto brought to the Base network, nor will it manipulate transactions for its own benefit or use any non-public information gained from Base.

As Web 3.0, also known as the decentralized web, continues to grow, AI-powered applications are becoming increasingly popular. AI can be used in marketing, to detect fake news, and even to generate reporter voices. With the help of AI, the Base network can continue to be a secure and reliable platform.

Coinbase’s Products and Regulatory Scrutiny

Robinson has stated that Coinbase will not use any insider information to promote its products, and will also allow users to withdraw without any censorship, in order to ensure “freedom to exit.”

However, some have suggested that the Base network’s current centralized structure may draw regulatory attention from the US Securities and Exchange Commission. In fact, attorney Gabriel Shapiro has warned that Base could have “dangerous collateral damage” for the industry.

Coinbase CEO Brian Armstrong’s suggestion that “centralized players” on Base should implement identity verification has also been met with criticism. Despite this, many Ethereum investors are still hopeful that the Optimism Superchain and Base will help to bring in new users to the Ethereum ecosystem.

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